Active Stock Momentum: SunPower Corporation (SPWR)

AQR Capital Management LLC now owns 51,299 shares of the semiconductor company's stock worth $339,000 after buying an additional 16,183 shares during the period.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Zacks Investment Research raised shares of SunPower Corporation from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research report on Monday, August 7th. Finally, Axiom Securities reissued a buy rating on shares of SunPower Corporation in a report on Saturday, July 22nd. Deutsche Bank AG raised their price objective on SunPower Corporation from $6.00 to $9.00 and gave the company a "hold" rating in a report on Wednesday, August 2nd. Currently, the stock has a 1 Year Price Target of $9.52.

Relative strength index (RSI-14) for SunPower Corporation (SPWR) is at 44.9. The stock had a trading volume of 2,286,571 shares. SunPower Corporation has a 12-month low of $5.84 and a 12-month high of $11.70. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -10.32%, whereas SMA50 and SMA200 are -3.16% and 18.29% respectively. Dynegy Inc. has 4 buy ratings, 4 holds and 0 sells even after the stock tumbled -39.19% from its high of $14.34 to a $1.13 billion market value through last close.

SunPower Corporation (NASDAQ:SPWR) last released its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) earnings per share for the quarter, topping analysts' consensus estimates of ($0.63) by $0.24. Cowen and Company fixed a $12.00 target price on the stock of SunPower Corporation and issued the company a "buy" recommendation in a analysis report on Mon, Jul 10th.

Sunpower Corporation (NASDAQ:SPWR)'s revenue estimates for the current quarter are $365.85 Million according to 8 number of analysts, for the current quarter the company has high revenue estimates of $419.17 Million in contradiction of low revenue estimates of $343.75 Million. During the same period in the prior year, the company earned ($0.22) earnings per share. The company's quarterly revenue was down 15.0% compared to the same quarter past year.

Many analysts have provided their estimated foresights on SunPower Corporation Earnings, with 12 analysts believing the company would generate an Average Estimate of $-0.33. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and global copyright and trademark law. The correct version of this story can be read at https://www.baseball-news-blog.com/2017/08/16/sunpower-co-nasdaqspwr-given-outperform-rating-at-oppenheimer-holdings-inc-updated.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 1,493,790 shares of the stock were exchanged. HighTower Advisors LLC acquired a new stake in SunPower Corporation during the second quarter worth approximately $124,000. Quantbot Technologies LP raised its position in SunPower Corporation by 340.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,354 shares of the semiconductor company's stock worth $130,000 after buying an additional 11,159 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of SunPower Corporation by 109.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 66,822 shares of the semiconductor company's stock worth $442,000 after buying an additional 2,130 shares during the period. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -1.7%.