SunPower Upgraded to “Buy” at Lazard (SPWR) - InvestingChannel

SunPower Upgraded to “Buy” at Lazard (SPWR)

Shares of SunPower traded up 47.96% during mid-day trading on Thursday, hitting $9.07. SunPower has a one year low of $3.71 and a one year high of $9.54. The stock?s 50-day moving average is currently $5.02. The company?s market cap is $1.080 billion.

SunPower last announced its earnings results on Thursday, November 1st. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.14. The company?s quarterly revenue was down 13.9% on a year-over-year basis. SunPower has set its Q4 guidance at $0.00-0.25 EPS. On average, analysts predict that SunPower will post $0.14 earnings per share for the current fiscal year.

Separately, analysts at Zacks reiterated a ?neutral? rating on shares of SunPower in a research note to investors on Tuesday, December 18th. They now have a $5.50 price target on the stock.

SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers.