The Top Three Holders Of SunPower Corporation (SPWR)

SunPower Corporation (NASDAQ:SPWR) reached 38.54% versus a 1-year low price of $6.46. The stock was last seen -7.64% lower, reaching at $8.95 on 04/23/2018. At recent session, the prices were hovering between $8.72 and $9.25. This company shares are -13.63% up from its target price of $7.73 and the current market capitalization stands at $1.22B. The recent change has given its price a 16.54% lead over SMA 50 and -23.5% deficit over its 52-week high. The stock witnessed 15.34% gains, 2.64% gains and 33.78% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SPWR’s volatility during a week at 7.01% and during a month it has been found around 5.45%.

SunPower Corporation (SPWR) Top Holders

Institutional investors currently hold around $376 million or 29.4% in SPWR stock. Look at its top three institutional owners. Vanguard Group Inc owns $47.15 million in SunPower Corporation, which represents roughly 3.86% of the company’s market cap and approximately 12.54% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 4,185,964 shares of the stock are valued at $40.56 million. The third largest holder is Ubs Asset Management Americas Inc, which currently holds $38.83 million worth of this stock and that ownership represents nearly 3.18% of its market capitalization.

SunPower Corporation 13F Filings

At the end of 12/31/2017 reporting period, 82 institutional holders increased their position in SunPower Corporation (NASDAQ:SPWR) by some 5,822,559 shares, 71 decreased positions by 3,530,971 and 46 held positions by 29,452,168. That puts total institutional holdings at 38,805,698 shares, according to SEC filings. The stock grabbed 42 new institutional investments totaling 3,353,432 shares while 27 institutional investors sold out their entire positions totaling 984,528 shares.

SunPower Corporation (NASDAQ:SPWR) Insider Trades

Multiple company employees have indulged in significant insider trading. SunPower Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Lesjak Catherine A has sold 23,632 shares of SunPower Corporation (SPWR) in trading session dated Dec. 06, 2017. These shares are worth $177,240 and were traded at $7.5 each. The SEC filing shows that Wenger Howard performed a purchase of 10,000 shares. The President, Business Units added these shares by way of transaction on Dec. 12, 2016. The company’s shares were assimilated at $7.74 per share worth to an investment of some $77,400 on account of Wenger Howard.

SVP and Prin Acct Off, Branderiz Eric, sold 6,365 common shares of SunPower Corporation (SPWR) in the open market. In a transaction dated Mar. 18, 2016, the shares were put up for sale at an average price of $25, raking in a sum of $159,125. After this sale, 8,885 common shares of SPWR are directly owned by the insider, with total stake valued at $79,521.

In the transaction dated Mar. 10, 2016, the great number of shares disposed came courtesy the Director, Pres and CEO; Werner Thomas H disposed a total of 10,000 shares at an average price of $22.7, amounting to approximately $227,000. The insider now directly owns 336,318 shares worth $3,010,046.

SunPower Corporation (SPWR) Analyst Guide

Several analysts have released their opinion on SunPower Corporation (NASDAQ:SPWR), with 2 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.7 average brokerage recommendation.

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