SunPower Co. (NASDAQ:SPWR) CEO Thomas H. Werner sold 90,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $13.46, for a total value of $1,211,400.00. Following the transaction, the chief executive officer now owns 537,165 shares of the company’s stock, valued at approximately $7,230,240.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
SPWR opened at $14.75 on Thursday. SunPower Co. has a one year low of $4.55 and a one year high of $16.04. The stock has a fifty day moving average price of $11.50. The company has a market cap of $2.02 billion, a P/E ratio of -16.76 and a beta of 2.33.
SunPower (NASDAQ:SPWR) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.12). The firm had revenue of $481.90 million during the quarter, compared to the consensus estimate of $444.23 million. SunPower had a negative return on equity of 83.67% and a negative net margin of 12.95%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. As a group, equities research analysts predict that SunPower Co. will post -0.66 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in SPWR. Norges Bank acquired a new stake in shares of SunPower during the fourth quarter worth $5,873,000. IndexIQ Advisors LLC acquired a new stake in shares of SunPower during the first quarter worth $1,596,000. Comerica Bank acquired a new stake in shares of SunPower during the second quarter worth $879,000. Aperio Group LLC raised its position in shares of SunPower by 92.4% during the second quarter. Aperio Group LLC now owns 164,083 shares of the semiconductor company’s stock worth $1,754,000 after purchasing an additional 78,799 shares during the period. Finally, OZ Management LP acquired a new stake in shares of SunPower during the first quarter worth $382,000. 27.75% of the stock is currently owned by institutional investors.
SunPower Company Profile
SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.
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