Stock price performance of SunPower Corporation is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 7.69% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -33.33% . Looking at the past 52 week period, the stock price is down -71.57% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of SunPower Corporation has a negative value of -70.41 compared to overall market performance. Company shares have received an average consensus rating of Hold for the current week The stock has recorded a 20-day Moving Average of 6.58% and the 50-Day Moving Average is 7.16%.The 200 Day SMA reached 43.61%
SunPower Corporation is having a Relative Strength Index of 51.32 which indicates the stock is not yet over sold or over bought based on the technical indicators. Stocks of SunPower Corporation (NASDAQ:SPWR) rallied by 6.54% during the past week but lost 0.71% on a 4-week basis. The company has outperformed the S&P 500 by 6.42% in the past week but underperformed the index by 1.59% in the last 4 weeks.
Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Howard Wenger (President, Business Units) purchased 10,000 shares at 7.74 per share price.On Mar 22, 2016, Eric Branderiz (SVP and Prin Acct Off) sold 6,365 shares at 25.00 per share price.On Mar 14, 2016, Thomas H Werner (Director, Pres and CEO) sold 10,000 shares at 22.70 per share price.
SunPower Corporation Last issued its quarterly earnings results on Nov 9, 2016. The company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.24. Analyst had a consensus of $0.44. The company had revenue of $729.35 million for the quarter, compared to analysts expectations of $782.94 million. The companys revenue was up 91.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.SunPower Corporation was Reiterated by Mizuho on Jan 30, 2017 to Neutral, Lowers Price Target to $ 8 from a previous price target of $25 .SunPower Corporation was Downgraded by Guggenheim to Neutral on Dec 6, 2016. SunPower Corporation was Downgraded by Robert W. Baird on Nov 17, 2016 to Neutral, Lowers Price Target to $ 7 from a previous price target of $12 .SunPower Corporation was Resumed by Credit Suisse to Neutral on Nov 14, 2016. SunPower Corporation was Downgraded by BofA/Merrill to Neutral on Nov 9, 2016.
SunPower Corporation (NASDAQ:SPWR) : On Friday heightened volatility was witnessed in SunPower Corporation (NASDAQ:SPWR) which led to swings in the share price. The stock opened for trading at $6.85 and hit $7.11 on the upside , eventually ending the session at $7, with a gain of 2.04% or 0.14 points. The heightened volatility saw the trading volume jump to 2,107,443 shares. The 52-week high of the share price is $26.29 and the company has a market cap of $969 million. The 52-week low of the share price is at $6 .
SunPower Corp. designs and manufactures high-efficiency silicon solar cells and solar panels based on an all-back contact cell design. SunPowers solar cells and panels generate electricity from sunlight for residential, commercial and remote power applications. Its proprietary all back contact silicon solar cell technology produces more power per square foot compared to conventional solar cells.