Insider Selling: SunPower Co. (NASDAQ:SPWR) Insider Sells 3,832 Shares of Stock


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SunPower Co. (NASDAQ:SPWR) insider Vichheka Heang sold 3,832 shares of the stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $33.66, for a total transaction of $128,985.12. Following the transaction, the insider now owns 8,168 shares of the company’s stock, valued at approximately $274,934.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vichheka Heang also recently made the following trade(s):

  • On Thursday, March 4th, Vichheka Heang sold 14,596 shares of SunPower stock. The shares were sold at an average price of $31.99, for a total transaction of $466,926.04.
  • On Tuesday, March 2nd, Vichheka Heang sold 7,989 shares of SunPower stock. The shares were sold at an average price of $37.34, for a total transaction of $298,309.26.
  • On Monday, February 22nd, Vichheka Heang sold 2,124 shares of SunPower stock. The shares were sold at an average price of $35.81, for a total transaction of $76,060.44.

SPWR stock opened at $29.54 on Thursday. The company has a debt-to-equity ratio of 12.46, a current ratio of 1.14 and a quick ratio of 0.91. The company has a market capitalization of $5.04 billion, a PE ratio of 79.84 and a beta of 2.47. The firm’s 50-day moving average is $34.07 and its 200 day moving average is $27.92. SunPower Co. has a 12 month low of $5.60 and a 12 month high of $57.52.

SunPower (NASDAQ:SPWR) last posted its earnings results on Tuesday, February 16th. The semiconductor company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.08. The business had revenue of $341.81 million for the quarter, compared to the consensus estimate of $355.63 million. SunPower had a net margin of 4.05% and a negative return on equity of 256.87%. Sell-side analysts forecast that SunPower Co. will post -0.34 EPS for the current fiscal year.

SPWR has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on shares of SunPower from $27.00 to $22.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 16th. Capital One Financial initiated coverage on shares of SunPower in a research note on Thursday, December 17th. They issued an “equal weight” rating and a $23.00 target price on the stock. Piper Sandler reduced their target price on shares of SunPower from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 9th. They noted that the move was a valuation call. Zacks Investment Research raised shares of SunPower from a “sell” rating to a “hold” rating and set a $36.00 target price on the stock in a research note on Tuesday, February 23rd. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $23.00 target price on shares of SunPower in a research note on Monday, March 1st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. SunPower has a consensus rating of “Hold” and a consensus price target of $30.08.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trustcore Financial Services LLC purchased a new position in SunPower during the 4th quarter valued at about $26,000. Sowell Financial Services LLC increased its position in SunPower by 73.2% during the 4th quarter. Sowell Financial Services LLC now owns 1,155 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 488 shares during the period. Baillie Gifford & Co. purchased a new position in SunPower during the 4th quarter valued at about $38,000. Retirement Group LLC purchased a new position in SunPower during the 4th quarter valued at about $58,000. Finally, Nisa Investment Advisors LLC increased its position in SunPower by 340.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,880 shares of the semiconductor company’s stock valued at $99,000 after purchasing an additional 3,000 shares during the period. 45.92% of the stock is currently owned by institutional investors and hedge funds.

SunPower Company Profile

SunPower Corporation delivers solar solutions worldwide. It operates through Residential, Light Commercial; Commercial and Industrial Solutions; and Others segments. The company provides solar energy solutions, including sales to its third-party dealer network and resellers, storage solutions, cash and loan sales, and long-term leases directly to end customers; and sells turn-key engineering, procurement, and construction services, as well as sells energy under power purchase agreements.

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Insider Buying and Selling by Quarter for SunPower (NASDAQ:SPWR)

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