Shares of SunPower Corp. (NASDAQ:SPWR) have received an average rating of “Hold” from the twenty-four brokerages that are covering the company. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $19.18.

A number of equities research analysts have issued reports on the stock. JMP Securities assumed coverage on shares of SunPower Corp. in a report on Thursday, September 8th. They set an “underperform” rating and a $6.00 price objective for the company. Deutsche Bank AG set a $9.00 price objective on shares of SunPower Corp. and gave the company a “hold” rating in a report on Wednesday, October 5th. Vetr lowered shares of SunPower Corp. from a “strong-buy” rating to a “buy” rating and set a $9.80 price objective for the company. in a report on Wednesday, October 19th. Robert W. Baird lowered shares of SunPower Corp. from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $7.00 in a report on Thursday, November 17th. Finally, Williams Capital assumed coverage on shares of SunPower Corp. in a report on Friday, September 30th. They set a “hold” rating and a $9.00 price objective for the company.

Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new stake in SunPower Corp. during the second quarter valued at $462,000. Quentec Asset Management LLC increased its stake in SunPower Corp. by 42.4% in the second quarter. Quentec Asset Management LLC now owns 856,959 shares of the company’s stock valued at $13,274,000 after buying an additional 255,309 shares during the last quarter. Shinko Asset Management Co. Ltd. increased its stake in SunPower Corp. by 64.6% in the second quarter. Shinko Asset Management Co. Ltd. now owns 20,593 shares of the company’s stock valued at $319,000 after buying an additional 8,080 shares during the last quarter. Delta Lloyd NV increased its stake in SunPower Corp. by 4.6% in the second quarter. Delta Lloyd NV now owns 1,103,495 shares of the company’s stock valued at $17,093,000 after buying an additional 48,865 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in SunPower Corp. by 28.6% in the second quarter. Teacher Retirement System of Texas now owns 8,613 shares of the company’s stock valued at $133,000 after buying an additional 1,914 shares during the last quarter. Hedge funds and other institutional investors own 31.24% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “SunPower Corp. (SPWR) Receives Average Recommendation of “Hold” from Analysts” was originally published by Financial Market News and is the propert of of Financial Market News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at http://www.financial-market-news.com/sunpower-corp-spwr-receives-average-recommendation-of-hold-from-analysts/1210912/.

SunPower Corp. (NASDAQ:SPWR) traded down 1.75% during midday trading on Wednesday, reaching $6.75. 1,756,359 shares of the company were exchanged. SunPower Corp. has a 52 week low of $6.00 and a 52 week high of $31.10. The company has a 50-day moving average of $7.52 and a 200 day moving average of $11.67. The firm’s market capitalization is $934.32 million.

SunPower Corp. (NASDAQ:SPWR) last released its earnings results on Wednesday, November 9th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.30. SunPower Corp. had a negative net margin of 16.95% and a positive return on equity of 16.65%. The company had revenue of $729.30 million for the quarter, compared to analysts’ expectations of $777.94 million. During the same quarter last year, the business earned $0.13 EPS. The firm’s revenue was up 91.8% compared to the same quarter last year. Equities analysts predict that SunPower Corp. will post ($0.01) earnings per share for the current year.

About SunPower Corp.

SunPower Corporation is a global energy company. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements.

5 Day Chart for NASDAQ:SPWR

Receive News & Ratings for SunPower Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunPower Corp. and related companies with MarketBeat.com's FREE daily email newsletter.