How Analysts Feel About SunPower Corporation (SPWR) After Today’s Significant Decline?

SunPower Corporation (NASDAQ:SPWR) Logo

Investors sentiment increased to 1.55 in Q1 2019. Its up 0.53, from 1.02 in 2018Q4. It improved, as 12 investors sold SunPower Corporation shares while 28 reduced holdings. 19 funds opened positions while 43 raised stakes. 34.87 million shares or 5.59% more from 33.03 million shares in 2018Q4 were reported.
Guinness Asset Mngmt Ltd holds 168,500 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 12,101 shares for 0% of their portfolio. Legal & General Gp Plc accumulated 21,138 shares or 0% of the stock. Tci Wealth Advsr, a Arizona-based fund reported 8 shares. Comml Bank Of America De holds 0% or 81,168 shares. Amundi Pioneer Asset Mgmt accumulated 121,002 shares or 0% of the stock. Commerzbank Aktiengesellschaft Fi holds 0.01% of its portfolio in SunPower Corporation (NASDAQ:SPWR) for 100,350 shares. Art Advisors Llc has invested 0.01% of its portfolio in SunPower Corporation (NASDAQ:SPWR). Barclays Public Limited has 316,285 shares. Voya Invest Ltd Liability Corporation has 24,993 shares. Canal Ins holds 0.35% of its portfolio in SunPower Corporation (NASDAQ:SPWR) for 160,000 shares. Advisory Svcs Net Ltd Liability Co owns 100 shares for 0% of their portfolio. Ameritas Inv Prtnrs Inc, Nebraska-based fund reported 5,246 shares. 100 are held by First Manhattan. D E Shaw invested in 0% or 578,826 shares.

The stock of SunPower Corporation (NASDAQ:SPWR) is a huge mover today! The stock decreased 8.53% or $1.15 during the last trading session, reaching $12.27. About 2.42 million shares traded. SunPower Corporation (NASDAQ:SPWR) has risen 72.42% since August 14, 2018 and is uptrending. It has outperformed by 72.42% the S&P500.
The move comes after 9 months negative chart setup for the $1.75 billion company. It was reported on Aug, 14 by Barchart.com. We have $11.53 PT which if reached, will make NASDAQ:SPWR worth $105.00M less.

SunPower Corporation (NASDAQ:SPWR) Ratings Coverage

Among 4 analysts covering SunPower Corp (NASDAQ:SPWR), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. SunPower Corp had 8 analyst reports since February 15, 2019 according to SRatingsIntel. The rating was downgraded by Bank of America to “Sell” on Friday, February 15. As per Tuesday, June 18, the company rating was upgraded by Goldman Sachs. Credit Suisse downgraded it to “Hold” rating and $7 target in Friday, February 15 report. As per Wednesday, June 19, the company rating was maintained by Robert W. Baird.

More notable recent SunPower Corporation (NASDAQ:SPWR) news were published by: Nasdaq.com which released: “Bull Of The Day: SunPower Corp (SPWR) – Nasdaq” on May 01, 2019, also 247Wallst.com with their article: “Short Sellers Mixed on Solar, Alternative Energy Stocks – 24/7 Wall St.” published on August 12, 2019, Finance.Yahoo.com published: “The SunPower (NASDAQ:SPWR) Share Price Is Down 70% So Some Shareholders Are Rather Upset – Yahoo Finance” on July 05, 2019. More interesting news about SunPower Corporation (NASDAQ:SPWR) were released by: Fool.com and their article: “Residential Solar Installers Face a Rocky Future – The Motley Fool” published on August 13, 2019 as well as Benzinga.com‘s news article titled: “This Clean Energy ETF Is Cleaning Up – Benzinga” with publication date: August 01, 2019.

SunPower Corporation researches, develops, makes, and delivers solar solutions worldwide. The company has market cap of $1.75 billion. It operates through three divisions: Residential, Commercial, and Power Plant. It currently has negative earnings. The firm provides solar power components, including panels and other system components.

SunPower Corporation (NASDAQ:SPWR) Institutional Positions Chart

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