Morgan Stanley Sticks to Its Hold Rating for SunPower (SPWR)

In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on SunPower (SPWRResearch Report), with a price target of $25.00. The company’s shares opened today at $16.76.

Byrd covers the Utilities sector, focusing on stocks such as CMS Energy, ONE Gas, and Ameren. According to TipRanks, Byrd has an average return of 8.4% and a 58.40% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for SunPower with a $20.78 average price target, implying a 23.99% upside from current levels. In a report released on January 6, Wells Fargo also upgraded the stock to a Hold with a $21.00 price target.

See the top stocks recommended by analysts >>

Based on SunPower’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $475.71 million and a net profit of $139.41 million. In comparison, last year the company earned a revenue of $283.31 million and had a GAAP net loss of $84.38 million

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPWR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SunPower Corp. engages in the design, manufacture and deliver of solar panels and systems. It operates through the SunPower Energy Services and SunPower Technologies segments: The SunPower Energy Services Segment deals with the sales of solar energy solutions in the North America region including direct sales of turn-key engineering, procurement and construction. The SunPower Technologies Segment involves technology development, worldwide solar panel manufacturing operations, equipment supply to resellers, commercial and residential end-customers outside of North America. The company was founded by Thomas L. Dinwoodie, Robert Lorenzini and Richard M. Swanson in April 1985 and is headquartered in San Jose, CA.

Read More on SPWR:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed