Momentum Is Strong For SunPower Corporation (NASDAQ: SPWR)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for SunPower Corporation (SPWR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.13, or -1.86%, to $6.86. The SunPower Corporation has recorded 308,139 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed SunPower Enhances SunVault Battery Storage for Electricity Bill Savings.

Stocks Info

This NASDAQ-listed company operates within the Solar industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $6.99 and fluctuated between $7.28 as its day high and $6.82 as its day low. The current market capitalization of SunPower Corporation is $1.21B. A total of 6.69 million shares were traded on the day, compared to an average of 6.13M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SPWR has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 50,865 and the disposition of 21,665 shares. Over the last 12 months, there were 37 BUYs and 16 SELLs from insiders. Insiders purchased 321,315 shares during that period but sold 120,107.

In the most recent transaction, Faricy Peter bought 7,500 shares of SPWR for 13.29 per share on Mar 16. After the transaction, the President and CEO now owns 177,458 company shares. In a previous transaction on Nov 14, Heang Vichheka sold 3,500 shares at 22.01 per share. SPWR shares that Principal Accounting Officer owns now total 3,181.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SPWR in the last 3 months, the mean price target is $10.50 with high estimates of $17.00 and low estimates of $7.00. In terms of 52-week highs and lows, SPWR has a high of $27.93 and a low of $6.31.

As of this writing, SPWR has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.08 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.07 in the last quarter, which was -600.00% lower than expectations of -$0.01.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SPWR’s latest balance sheet shows that the firm has $493.01M in Cash & Short Term Investments as of fiscal 2021. There were $587.64M in debt and $505.63M in liabilities at the time. Its Book Value Per Share was $2.72, while its Total Shareholder’s Equity was $390.02M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPWR is Buy with a score of 3.05.