Sunpower Corporation (NASDAQ:SPWR):
Gavilan College Selects SunPower to Deliver Combined Solar and Storage Project.
The company is up since yesterday’s close of 8.33.
SunPower Corporation, launched on May 25, 2004, is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Business’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation. The Company offers solar module technology and solar power systems that are designed to generate electricity over a system life over 25 years; Integrated Smart Energy software solutions that enable customers to manage and optimize the cooperation center of excellence (CCOE) measurement; Installation, construction, and ongoing maintenance and monitoring services; and financing solutions that provide customers a range of options for purchasing or leasing solar products at competitive energy rates..
The P/E ratio is currently N/A and market capitalization is 1.16B. In the last earnings report the EPS was $-4.02 with 139.57M shares currently outstanding.
Traders are more bullish on Sunpower Corporation of late as shown by the motion in short interest. The stock experienced a fall in short interest of -1.34% between September 29, 2017 and October 13, 2017. Short interest decreased 183,145 over that timeframe. Days to cover increased 4.0 to 8.0 and the short interest percentage is 0.10% as of October 13.
A few investment analysts have weighed in on the stock. Bank of America Corporation lowered the price target of the stock on September 26 changing the forecast from $12.00 to $10.00 with a rating of “Neutral”.
September 17 investment analysts at Cowen and Company made no change to the company rating of “Buy” with a current price target of $12.00.
On September 1 Robert W. Baird made no change to the stock rating of “Hold” targeting a price of $7.00. Equity analyst Cowen and Company released research on SPWR and giving a rating of “Buy” and price target of $12.00.