Williams Capital announced SunPower (NASDAQ:SPWR), boosting its stock price target to $9.00 today
- Updated: September 30, 2016
Yesterday SunPower (NASDAQ:SPWR) traded 0.00% even at $9.03. The company’s 50-day moving average is $9.49 and its 200-day moving average is $15.73. With the last close down -42.61% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 0 shares of SPWR changing hands under the typical 3,108,620
In a statement issued on 9/30/2016 Williams Capital upped the stock price target of SunPower (NASDAQ:SPWR) to $9.00 stating a potential downside of 0.00%.
Previously on 09/08/2016, JMP Securities reported about SunPower (NASDAQ:SPWR) raised the target price from $0.00 to $6.00. At the time, this indicated a possible downside of -0.41%.
With a total market value of $0, SunPower has with a one year low of $7.37 and a one year high of $31.10 .
A total of 15 brokers have issued a research note on SPWR. Five brokerages rating the company a strong buy, eight analysts rating the company a buy, 4 brokers rating the stock a hold, zero brokerages rating the company a underperform, and finally 0 brokers rating the stock a sell with a one year target of $31.72.
Brief Synopsis About SunPower (NASDAQ:SPWR)
SunPower Corporation is a global energy company. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. It offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase. The Company offers SunPower InvisiMount residential mounting system in its product portfolio. The Company offers Helix system, which is a pre-engineered, modular solution that combines its solar module technology with plug-and-play power stations, cable management systems and mounting hardware that enables customers to scale their solar programs with minimal business disruption. It offers modular solar power block, the Oasis system.
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