SunPower Corporation [SPWR] gain 38.03% so far this year. What now?

SunPower Corporation [NASDAQ: SPWR] traded at a high on 02/23/21, posting a 5.55 gain after which it closed the day’ session at $35.39. The company report on February 18, 2021 that SunPower Corp. to Host Earnings Call.

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SunPower Corp. (NASDAQ:SPWR) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 17, 2021 at 4:30 PM Eastern Time.To listen to the event live.. Investor Network

SunPower Corp. (NASDAQ:SPWR) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 17, 2021 at 4:30 PM Eastern Time.

The results of the trading session contributed to over 13483571 shares changing hands. Over the past one week, the price volatility of SunPower Corporation stands at 13.41% while the volatility over the past one month is 13.31%.

The market cap for SPWR stock reached $5.79 billion, with 170.11 million shares outstanding and 81.01 million shares in the current float. Compared to the average trading volume of 8.85M shares, SPWR reached a trading volume of 13483571 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about SunPower Corporation [SPWR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPWR shares is $30.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPWR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for SunPower Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on February 22, 2021. The new note on the price target was released on February 04, 2021, representing the official price target for SunPower Corporation stock. Previously, the target price had yet another raise to $35, while Piper Sandler analysts kept a Neutral rating on SPWR stock.

The Average True Range (ATR) for SunPower Corporation is set at 5.40, with the Price to Sales ratio for SPWR stock in the period of the last 12 months amounting to 5.15.

How has SPWR stock performed recently?

SunPower Corporation [SPWR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.96. With this latest performance, SPWR shares dropped by -25.04% in over the last four-week period, additionally plugging by 361.99% over the last 6 months – not to mention a rise of 443.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPWR stock in for the last two-week period is set at 41.81, with the RSI for the last a single of trading hit 35.67, and the three-weeks RSI is set at 46.12 for SunPower Corporation [SPWR]. The present Moving Average for the last 50 days of trading for this stock 36.15, while it was recorded at 37.32 for the last single week of trading, and 18.36 for the last 200 days.

SunPower Corporation [SPWR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and SunPower Corporation [SPWR] shares currently have an operating margin of -1.23 and a Gross Margin at +14.86. SunPower Corporation’s Net Margin is presently recorded at +53.17.

Return on Total Capital for SPWR is now -1.25, given the latest momentum, and Return on Invested Capital for the company is 62.39. Return on Equity for this stock inclined to 288.68, with Return on Assets sitting at 31.32. When it comes to the capital structure of this company, SunPower Corporation [SPWR] has a Total Debt to Total Equity ratio set at 171.17. Additionally, SPWR Total Debt to Total Capital is recorded at 63.12, with Total Debt to Total Assets ending up at 42.02. Long-Term Debt to Equity for the company is recorded at 129.28, with the Long-Term Debt to Total Capital now at 47.67.

Receivables Turnover for the company is 3.78 with a Total Asset Turnover recorded at a value of 0.59.SunPower Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.

Earnings analysis for SunPower Corporation [SPWR]

With the latest financial reports released by the company, SunPower Corporation posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.19/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 52.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SPWR.

Insider trade positions for SunPower Corporation [SPWR]

There are presently around $2,753 million, or 47.30% of SPWR stock, in the hands of institutional investors. The top three institutional holders of SPWR stocks are: VANGUARD GROUP INC with ownership of 9,672,499, which is approximately -5.741% of the company’s market cap and around 0.50% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 6,707,457 shares of the stock with an approximate value of $237.38 million in SPWR stocks shares; and INVESCO LTD., currently with $222.21 million in SPWR stock with ownership of nearly 18.517% of the company’s market capitalization.

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Positions in SunPower Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 143 institutional holders increased their position in SunPower Corporation [NASDAQ:SPWR] by around 22,745,675 shares. Additionally, 89 investors decreased positions by around 23,390,060 shares, while 36 investors held positions by with 31,643,641 shares. The mentioned changes placed institutional holdings at 77,779,376 shares, according to the latest SEC report filing. SPWR stock had 77 new institutional investments in for a total of 7,292,848 shares, while 33 institutional investors sold positions of 6,758,493 shares during the same period.

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