SunPower Corporation (NASDAQ:$SPWR) dropped -0.72% during intraday trading. The price closed at $6.9, after hitting a low of $6.77. They currently have an ATR of 0.33 and have 138.91 million shares outstanding. The firm shifted from 2.04 million shares to 3.18 million shares, based on a 50 day average.

SunPower is an energy company that operates globally. They sell solar solutions to customers including residential, commercial, and power plant customers.

What Are Analysts Saying?

SunPower currently has 3 ‘Buy’ ratings and 2 ‘Sell’ ratings, based on the 14 analysts covering them. With a recent high of $6.94, the stock is well below the consensus estimates of $9.15. This means that analysts predict a possible upside of 32.61%. The highest estimate sat at $15.

Valuations & Earrings

SunPower last reported their earnings in June 2017. The reported a negative EPS of -$0.35, beating consensus estimates of -$0.46. In the same quarter last year, they reported -$0.22 EPS. Analysts predict that the firm will report -$0.53 EPS in September 2017 and -$0.05 EPS in December 2017. This would represent -194.64% and -93.15% growth, respectively. They also predict the year’s earnings to rise 56.67% year-over-year to -$1.41. Finally, they predict -81.56% in the next year, hitting -$0.26.

The company also listed revenue of $341.48 million, compared to the same quarter last year’s earnings of $401.8 million, a drop of -15%.

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