Economy

Analyst's Predictions on SunPower Corporation (SPWR), Plug Power Inc. (PLUG)

Analyst's Predictions on SunPower Corporation (SPWR), Plug Power Inc. (PLUG)

Zacks Investment Research raised SunPower Corporation from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 18th. Cowen and Company set a $12.00 target price on SunPower Corporation and gave the stock a buy rating in a research report on Monday, July 10th.

In terms of Buy, Sell or Hold recommendations, Sunpower Corporation (NASDAQ:SPWR) has analysts' mean recommendation of 2.7. Axiom Securities reaffirmed a buy rating on shares of SunPower Corporation in a research report on Saturday, July 22nd. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Additionally on 2/16/17 Oppenheimer "Upgrades" Sunpower Corporation (NASDAQ:SPWR) to Outperform setting price target at $10 and on 12/06/16 Guggenheim "Downgrades" the stock to Neutral at $0.

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Nineteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has mean EPS estimate of 0.71 reported by 13 number of analyst for the quarter ending Current Qtr.(Aug2017).

SunPower Corporation (SPWR) traded down 2.55% during mid-day trading on Friday, hitting $9.55. CAPROCK Group Inc. now owns 11,941 shares of the semiconductor company's stock valued at $112,000 after buying an additional 128 shares during the last quarter.

SunPower Corporation (SPWR) closed 18.29% above its 200-day moving average and is -3.16% below another chart threshold, its 50-day moving average. SunPower Corporation has a 12-month low of $5.84 and a 12-month high of $11.70. The company's market capitalization is $1.29 billion.

SunPower Corporation (NASDAQ:SPWR) last posted its earnings results on Tuesday, August 1st. However a year ago for the same quarter the company has reported $0.68 EPS. The high and low revenue estimates for the current quarter are $419.17 Million and $343.75 Million, respectively.

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SunPower Corporation's average Free Cash Flow per Share Growth Rate was 0 percent during the past 12 months. For the current year the company's revenue estimates are $2.14 Billion compared to low analyst estimates of $1.85 Billion and high estimates of $2.37 Billion according to the prediction of 10 analysts. Comparatively, SunPower Corporation posted earnings of $0.29 per share in the same quarter previous year.

WARNING: "SunPower Corporation (SPWR) Upgraded at BidaskClub" was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & global copyright & trademark law. Vanguard Group Inc. increased its stake in SunPower Corporation by 13.8% in the second quarter. State Street Corp increased its stake in shares of SunPower Corporation by 26.7% in the fourth quarter. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Candriam Luxembourg S.C.A. bought a new position in SunPower Corporation during the second quarter valued at about $130,000. In this case performance of tends to percentage rate of return for a stock for a given time frame.

On the other hand Sunpower Corporation (NASDAQ:SPWR) has Relative Strength Index (RSI 14) of 44.9 along with Average True Range (ATR 14) of 0.58. Northern Trust Corp now owns 845,237 shares of the semiconductor company's stock worth $7,894,000 after buying an additional 494,979 shares during the period. Merriman Wealth Management LLC acquired a new position in shares of SunPower Corporation during the first quarter valued at about $122,000. Institutional investors and hedge funds own 25.55% of the company's stock.

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Taking a broader look brokerage firms' analysts on the street with an expectant view have Sunpower Corporation (NASDAQ:SPWR) high price target of $15 and with a conservative view have low price target of $5.