In a report released today, Pavel Molchanov from Raymond James maintained a Hold rating on SunPower (SPWR). The company’s shares closed last Wednesday at $43.61.
According to TipRanks.com, Molchanov is a 5-star analyst with an average return of 15.7% and a 59.8% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Maxeon Solar Technologies, Nextera Energy Partners, and Exxon Mobil.
The word on The Street in general, suggests a Hold analyst consensus rating for SunPower with a $27.00 average price target, a -40.7% downside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.
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SunPower’s market cap is currently $11.33B and has a P/E ratio of 125.80. The company has a Price to Book ratio of -696.38.
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SunPower Corp. engages in the design, manufacture and deliver of solar panels and systems. It operates through the SunPower Energy Services and SunPower Technologies segments: The SunPower Energy Services Segment deals with the sales of solar energy solutions in the North America region including direct sales of turn-key engineering, procurement and construction. The SunPower Technologies Segment involves technology development, worldwide solar panel manufacturing operations, equipment supply to resellers, commercial and residential end-customers outside of North America. The company was founded by Thomas L. Dinwoodie, Robert Lorenzini and Richard M. Swanson in April 1985 and is headquartered in San Jose, CA.
