June 7:
SunPower (NASDAQ:SPWR) SVP Eric Branderiz sold 4,115 shares of SunPower stock on the open market in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $32.28, for a total value of $132,832.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of SunPower (NASDAQ:SPWR) opened at 33.78 on Friday. SunPower has a one year low of $17.52 and a one year high of $37.14. The stock has a 50-day moving average of $32.67 and a 200-day moving average of $31.70. The company has a market cap of $4.415 billion and a price-to-earnings ratio of 23.25.
SunPower (NASDAQ:SPWR) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.17. The company had revenue of $683.70 million for the quarter, compared to the consensus estimate of $669.37 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Analysts expect that SunPower will post $1.31 EPS for the current fiscal year.
A number of research firms have recently commented on SPWR. Analysts at Brean Capital reiterated a “buy” rating on shares of SunPower in a research note on Thursday, May 15th. They now have a $32.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.30.
SunPower Corporation operates in two business segments: the Utility and Power Plants (NASDAQ:SPWR) Segment and the Residential and Commercial (R&C) Segment.
Source: http://tickerreport.com/banking-finance/229286/insider-selling-eric-branderiz-sells-4115-shares-of-sunpower-stock-spwr/?
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