SunPower (SPWR) Gets a Buy Rating from Credit Suisse

By Jason Carr

In a report released today, Michael Weinstein W. from Credit Suisse maintained a Buy rating on SunPower (SPWRResearch Report), with a price target of $10.00. The company’s shares closed last Monday at $7.65.

According to TipRanks.com, W. is a 4-star analyst with an average return of 6.5% and a 58.8% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.

Currently, the analyst consensus on SunPower is a Hold with an average price target of $8.59.

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The company has a one-year high of $16.05 and a one-year low of $4.04. Currently, SunPower has an average volume of 4.71M.

Based on the recent corporate insider activity of 64 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.