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Sunpower Corp (SPWR) Stock Could Soon Reward Patient Investors

Sunpower Corp (NASDAQ: SPWR) is -39.96% lower on its value in year-to-date trading and has touched a low of $2.49 and a high of $14.92 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 $3.00 in the last trading session, with the day’s loss setting it -0.1%.

Currently trading at $2.90, the stock is 0.90% and -8.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.27 million and changing -3.33% at the moment leaves the stock -49.87% off its SMA200. SPWR registered -77.81% loss for a year compared to 6-month loss of -52.46%. The firm has a 50-day simple moving average (SMA 50) of $0.48 and a 200-day simple moving average (SMA200) of -$5.42.

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The stock witnessed a -6.75% gain in the last 1 month and extending the period to 3 months gives it a -40.94%, and is 5.45% 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 10.08% over the week and 8.29% over the month.

Profit margin for the company is -14.66%. Distance from 52-week low is 16.47% and -80.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-74.98%).

Sunpower Corp quarterly earnings per share for the current quarter are estimated at -$0.26 with sales reaching $330.86M over the same period.The EPS is expected to grow by 36.49% this year, but quarterly earnings will post -12.90% year-over-year.

Sunpower Corp (SPWR) Top Institutional Holders

343 institutions hold shares in Sunpower Corp (SPWR), with institutional investors hold 122.56% of the company’s shares. The shares outstanding are 175.36M, and float is at 51.19M with Short Float at 83.10%. Institutions hold 121.67% 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.

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