Currently, there are 175.48M common shares owned by the public and among those 11.52M shares have been available to trade.
The company’s stock has a 5-day price change of 15.21% and 0.81% over the past three months. SPWR shares are trading -48.24% year to date (YTD), with the 12-month market performance down to -76.01% lower. It has a 12-month low price of $1.76 and touched a high of $12.18 over the same period. SPWR has an average intraday trading volume of 11.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.56%, -11.55%, and -30.55% respectively.
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Institutional ownership of Sunpower Corp (NASDAQ: SPWR) shares accounts for 44.93% of the company’s 175.48M shares outstanding.
It has a market capitalization of $438.70M and a beta (3y monthly) value of 1.89. The earnings-per-share (ttm) stands at -$1.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.17% over the week and 10.77% over the month.
Earnings per share for the fiscal year are expected to increase by 32.33%, and 68.43% over the next financial year.
Looking at the support for the SPWR, a number of firms have released research notes about the stock. Wolfe Research stated their Underperform rating for the stock in a research note on May 15, 2024, with the firm’s price target at $2. Evercore ISI coverage for the Sunpower Corp (SPWR) stock in a research note released on April 23, 2024 offered a In-line rating with a price target of $6. Guggenheim was of a view on February 16, 2024 that the stock is Sell, while Susquehanna gave the stock Neutral rating on January 11, 2024, issuing a price target of $5.50- $4. Wells Fargo on their part issued Underweight rating on January 08, 2024.
