Here is Everything Analysts Think About SunPower Corporation

SunPower Corporation

SunPower Corporation (NASDAQ:$SPWR) shares traded at -3.58% down during the most recent session this morning, to reach a closing price of $8.36. 2.74 million shares changed hands versus the average trading capacity of 2.84 million shares, yielding a market cap of $1.15 billion. Wall Street analysts covering the company are speculating that the stock will reach $9.04 within the next 52-week period.

Specifically, the high price target for SunPower sits at $15, while the low price target sits at $5.

Morgan Stanley (NYSE:$MS) has “downgraded” SunPower Corp to Underweight with a price target of $0.

Bank of America (NYSE:$BAC) “maintained” SunPower Corp. to Neutral, setting the price target at $10.

Deutsche Bank (NYSE:$DB) “maintained” SunPower Corp. to Hold.

On the other hand, the company sees a Relative Strength Index of 58.94 along the Average True Range of 0.4. Consequently, Sunpower Corp’s weekly and monthly volatility is at 4.94%, and $4.90%, respectively. The company’s beta value is at a 3.09.

Further, in terms of Buy, Sell, or Hold recommendations, SunPower Corporation sees a analysts’ mean recommendation of 2.8.

And lastly, while considering growth estimates of the company, it has next quarter growth estimates of 55.6% whereas, during the current quarter, it has 118.8% estimations overgrowth, comparing to the estimations of 8.7% during the current year and 100% for the next year.

Featured Image: Depositphotos/© pressmaster

If You Liked This Article Click To Share