Positives for Sunpower Corp (SPWR) as stock gains in recent trading

Sunpower Corp (NASDAQ: SPWR) is -25.88% lower on its value in year-to-date trading and has touched a low of $2.74 and a high of $18.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPWR stock was last observed hovering at around $3.23 in the last trading session, with the day’s gains setting it 0.35%.

Currently trading at $3.58, the stock is 10.59% and -12.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.59 million and changing 10.84% at the moment leaves the stock -49.99% off its SMA200. SPWR registered -77.98% loss for a year compared to 6-month loss of -56.97%. The firm has a 50-day simple moving average (SMA 50) of $0.49 and a 200-day simple moving average (SMA200) of -$34.41.

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The stock witnessed a -7.97% gain in the last 1 month and extending the period to 3 months gives it a -11.60%, and is 4.37% up 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 8.39% over the week and 10.15% over the month.

Profit margin for the company is -7.05%. Distance from 52-week low is 30.56% and -80.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.82%).

Sunpower Corp quarterly earnings per share for the current quarter are estimated at -$0.24 with sales reaching $362.85M over the same period.The EPS is expected to shrink by -306.71% this year, but quarterly earnings will post -1.30% year-over-year. Quarterly sales are estimated to shrink -26.30% in year-over-year returns.

Sunpower Corp (SPWR) Top Institutional Holders

345 institutions hold shares in Sunpower Corp (SPWR), with institutional investors hold 104.90% of the company’s shares. The shares outstanding are 174.27M, and float is at 86.45M with Short Float at 40.15%. Institutions hold 104.33% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 19.35 million shares valued at $189.67 million. The investor’s holdings represent 11.05% of the SPWR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 9.3 million shares valued at $91.12 million to account for 5.31% of the shares outstanding. The other top investors are Schroder Investment Management Group which holds 6.8 million shares representing 3.88% and valued at over $66.67 million, while Invesco Ltd. holds 2.39% of the shares totaling 4.19 million with a market value of $41.11 million.

Sunpower Corp (SPWR) Insider Activity

A total of 4 insider transactions have happened at Sunpower Corp (SPWR) in the last six months, with sales accounting for 2 and purchases happening 2 times. The most recent transaction is an insider purchase by Faricy Peter ,the company’sPresident and CEO. SEC filings show that Faricy Peter bought 7,500 shares of the company’s common stock on Mar 16 at a price of $13.29 per share for a total of $99686.0. Following the purchase, the insider now owns 0.18 million shares.

Sunpower Corp (SPWR): Who are the competitors?

The company’s main competitors (and peers) include TotalEnergies SE ADR (TTE) that is trading 0.50% up over the past 12 months. Weir Group PLC ADR (WEGRY) that is 1.72% higher over the same period.