SunPower Co. (NASDAQ:SPWR) CFO Manavendra Sial sold 8,177 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $8.06, for a total transaction of $65,906.62. Following the transaction, the chief financial officer now owns 8,178 shares in the company, valued at $65,914.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ SPWR opened at $8.00 on Friday. SunPower Co. has a 12-month low of $4.55 and a 12-month high of $9.60. The company has a debt-to-equity ratio of 39.39, a quick ratio of 1.09 and a current ratio of 1.15.
SunPower (NASDAQ:SPWR) last announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.05. SunPower had a negative net margin of 46.65% and a negative return on equity of 2,775.24%. The company had revenue of $348.22 million for the quarter, compared to the consensus estimate of $387.93 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities analysts anticipate that SunPower Co. will post -0.59 earnings per share for the current fiscal year.
SPWR has been the topic of several recent analyst reports. Credit Suisse Group lowered shares of SunPower from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $10.00 to $7.00 in a research report on Friday, February 15th. Bank of America lowered shares of SunPower from a “neutral” rating to an “underperform” rating and set a $6.00 target price on the stock. in a research report on Friday, February 15th. BidaskClub upgraded shares of SunPower from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 21st. ValuEngine upgraded shares of SunPower from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Morgan Stanley set a $6.00 target price on shares of SunPower and gave the stock a “sell” rating in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $6.97.
TRADEMARK VIOLATION WARNING: “Manavendra Sial Sells 8,177 Shares of SunPower Co. (SPWR) Stock” was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/05/18/manavendra-sial-sells-8177-shares-of-sunpower-co-spwr-stock.html.
SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.
Further Reading: What is a Tariff?
Receive News & Ratings for SunPower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunPower and related companies with MarketBeat.com's FREE daily email newsletter.