109,401 Shares in SunPower Co. (NASDAQ:SPWR) Purchased by Caxton Associates LP

Caxton Associates LP purchased a new position in SunPower Co. (NASDAQ:SPWR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 109,401 shares of the semiconductor company’s stock, valued at approximately $328,000. Caxton Associates LP owned approximately 0.06% of SunPower at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in SunPower by 30.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,583 shares of the semiconductor company’s stock worth $248,000 after purchasing an additional 19,501 shares during the period. Quadrature Capital Ltd grew its holdings in shares of SunPower by 117.7% during the first quarter. Quadrature Capital Ltd now owns 343,628 shares of the semiconductor company’s stock valued at $1,034,000 after buying an additional 185,761 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of SunPower by 15.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 315,036 shares of the semiconductor company’s stock valued at $945,000 after buying an additional 42,098 shares during the last quarter. Vanguard Group Inc. boosted its holdings in SunPower by 0.5% in the first quarter. Vanguard Group Inc. now owns 9,685,251 shares of the semiconductor company’s stock worth $29,056,000 after purchasing an additional 44,479 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its holdings in SunPower by 113.3% in the first quarter. Everence Capital Management Inc. now owns 60,960 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 32,380 shares during the last quarter. 47.36% of the stock is owned by institutional investors.

SunPower Trading Up 2.7 %

SunPower stock traded up $0.02 during mid-day trading on Tuesday, reaching $0.83. 8,546,874 shares of the company traded hands, compared to its average volume of 12,003,130. SunPower Co. has a fifty-two week low of $0.50 and a fifty-two week high of $10.30. The firm’s fifty day moving average is $2.55 and its two-hundred day moving average is $2.79.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Mizuho downgraded shares of SunPower from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $4.00 to $0.50 in a research report on Friday, July 19th. Scotiabank cut their target price on shares of SunPower from $6.00 to $4.00 and set a “sector perform” rating for the company in a research note on Monday, April 29th. Susquehanna dropped their price objective on shares of SunPower from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Monday, July 15th. Evercore ISI cut shares of SunPower from an “outperform” rating to an “inline” rating and set a $6.00 price target for the company. in a research note on Tuesday, April 23rd. Finally, Wolfe Research cut shares of SunPower from a “peer perform” rating to an “underperform” rating and set a $2.00 price target for the company. in a research note on Wednesday, May 15th. Twelve equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $3.48.

About SunPower

SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions primarily in the United States and Canada. Its solutions include the Equinox and SunVault systems which are pre-engineered modular solutions for residential applications that combine solar module technology with integrated plug-and-play power stations, cable management systems, and mounting hardware that enable dealers and installers to complete system installations, as well as for end customers to manage their energy production.