Commerzbank Aktiengesellschaft FI held its stake in SunPower Corporation (NASDAQ:SPWR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,350 shares of the semiconductor company’s stock at the end of the second quarter. Commerzbank Aktiengesellschaft FI owned approximately 0.07% of SunPower Corporation worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. CAPROCK Group Inc. grew its holdings in SunPower Corporation by 1.1% in the 2nd quarter. CAPROCK Group Inc. now owns 11,941 shares of the semiconductor company’s stock worth $112,000 after buying an additional 128 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new position in SunPower Corporation in the 2nd quarter worth approximately $130,000. Legal & General Group Plc lifted its position in SunPower Corporation by 422.8% in the second quarter. Legal & General Group Plc now owns 18,245 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 14,755 shares during the period. Domini Impact Investments LLC acquired a new stake in SunPower Corporation in the second quarter worth approximately $173,000. Finally, TFS Capital LLC acquired a new stake in SunPower Corporation in the first quarter worth approximately $126,000. 28.82% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on SPWR. ValuEngine downgraded SunPower Corporation from a “hold” rating to a “sell” rating in a research report on Friday. Deutsche Bank AG upped their target price on SunPower Corporation from $6.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and issued a $12.00 target price on shares of SunPower Corporation in a research report on Sunday, September 17th. BidaskClub downgraded SunPower Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $13.00 price objective (up previously from $10.00) on shares of SunPower Corporation in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.48.
SunPower Corporation (SPWR) opened at 7.64 on Friday. The stock has a 50 day moving average of $9.09 and a 200-day moving average of $8.18. The firm’s market capitalization is $1.07 billion. SunPower Corporation has a 1-year low of $5.84 and a 1-year high of $11.70.
SunPower Corporation (NASDAQ:SPWR) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.63) by $0.24. The business had revenue of $341.50 million for the quarter, compared to analysts’ expectations of $312.58 million. SunPower Corporation had a negative net margin of 21.84% and a negative return on equity of 12.56%. The firm’s revenue was down 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.22) EPS. On average, equities research analysts anticipate that SunPower Corporation will post ($1.06) earnings per share for the current year.
SunPower Corporation Profile
SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.
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