SunPower Corporation (SPWR) Stock Could Soon Reward Patient Investors

SunPower Corporation (NASDAQ: SPWR) is 46.54% higher on its value in year-to-date trading and has touched a low of $4.03 and a high of $15.57 in the current 52-week trading range. The SPWR stock was last observed hovering at around $11.05 in the last trading session, with the day’s gains setting it 0.38%.

Currently trading at $11.43, the stock is -1.33% and 14.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.97 million and changing 3.49% at the moment leaves the stock 40.24% off its SMA200. SPWR registered -13.34% loss for a year compared to 6-month gain of 31.08%. The firm has a 50-day simple moving average (SMA 50) of $7.36 and a 200-day simple moving average (SMA200) of $5.42.

The stock witnessed a 19.81% loss in the last 1 month and extending the period to 3 months gives it a 54.46%, and is -2.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.03% over the week and 8.07% over the month.

SunPower Corporation (SPWR) has around 8400 employees, a market worth around $1.88B and $1.88B in sales. Current P/E ratio is 346.36. Profit margin for the company is 0.40%. Distance from 52-week low is 183.62% and -26.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.90%).

SunPower Corporation (SPWR) Analyst Forecasts

SunPower Corporation quarterly earnings per share for the current quarter are estimated at -$0.29 with sales reaching $298.64M over the same period.The EPS is expected to grow by 102.60% this year, but quarterly earnings will post -13.20% year-over-year. Quarterly sales are estimated to shrink -37.70% in year-over-year returns.

SunPower Corporation (SPWR) Top Institutional Holders

269 institutions hold shares in SunPower Corporation (SPWR), with 89.62M shares held by insiders accounting for 52.69% while institutional investors hold 97.35% of the company’s shares. The shares outstanding are 170.00M, and float is at 80.57M with Short Float at 32.25%. Institutions hold 46.06% of the Float.

The top institutional shareholder in the company is Wellington Management Company, LLP with over 13.14 million shares valued at $100.66 million. The investor’s holdings represent 7.73% of the SPWR Shares outstanding. As of Jun 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 11.49 million shares valued at $87.99 million to account for 6.75% of the shares outstanding. The other top investors are Blackrock Inc. which holds 8.83 million shares representing 5.19% and valued at over $67.62 million, while Invesco Ltd. holds 2.65% of the shares totaling 4.51 million with a market value of $34.57 million.

SunPower Corporation (SPWR) Insider Activity

A total of 116 insider transactions have happened at SunPower Corporation (SPWR) in the last six months, with sales accounting for 45 and purchases happening 71 times. The most recent transaction is an insider sale by WERNER THOMAS H, the company’s Pres and CEO. SEC filings show that WERNER THOMAS H sold 80,000 shares of the company’s common stock on Aug 25 at a price of $13.00 per share for a total of $1.04 million. Following the sale, the insider now owns 0.64 million shares.

SunPower Corporation disclosed in a document filed with the SEC on Aug 12 that Heang Vichheka (Principal Accounting Officer) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Aug 12 and was made at $12.29 per share for $0.12 million. Following the transaction, the insider now directly holds 15981.0 shares of the SPWR stock.

Still, SEC filings show that on Aug 10, WERNER THOMAS H (Pres and CEO) disposed off 80,000 shares at an average price of $12.23 for $0.98 million. The insider now directly holds 720,342 shares of SunPower Corporation (SPWR).

SunPower Corporation (SPWR): Who are the competitors?

The company’s main competitors (and peers) include TOTAL SE (TOT) that is trading -19.32% down over the past 12 months. Canadian Solar Inc. (CSIQ) is 39.63% up on the 1-year trading charts. Short interest in the company’s stock has risen 6.51% from the last report on Jul 14, 2020 to stand at a total of 24.29 million short shares sold with a short interest ratio of 5.42.