In a report released today, Julien Dumoulin Smith from Merrill Lynch maintained a Hold rating on SunPower Corp (NASDAQ: SPWR), with a price target of $7. The company’s shares opened today at $6.78, close to its 52-week low of $6.36.
According to TipRanks.com, Smith is a 4-star analyst with an average return of 4.7% and a 63.0% success rate. Smith covers the Utilities sector, focusing on stocks such as American Electric Power, Dominion Resources, and Eversource Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for SunPower Corp with a $8.33 average price target.
Based on SunPower Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $447 million. In comparison, last year the company had a GAAP net loss of $54.25 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SunPower Corp. engages in the design, manufacture, and deliver of solar panels and systems. It operates through the following business segments: Residential, Commercial and Power Plant. The Residential segment refers to the sales of solar energy solutions to residential end customers through a variety of means.