Short Interest: What’s Ahead for Sunpower Corporation (NASDAQ:SPWR) After More Shorted Shares?

November 16, 2016 - By Richard Conner   ·   0 Comments

Short Interest: What’s Ahead for Sunpower Corporation (NASDAQ:SPWR) After More Shorted Shares?

The stock of Sunpower Corporation (NASDAQ:SPWR) registered an increase of 7.07% in short interest. SPWR’s total short interest was 16.54 million shares in November as published by FINRA. Its up 7.07% from 15.45M shares, reported previously. With 3.80 million shares average volume, it will take short sellers 4 days to cover their SPWR’s short positions. The short interest to Sunpower Corporation’s float is 39.63%. About 1.00M shares traded hands. SunPower Corporation (NASDAQ:SPWR) has declined 66.50% since April 14, 2016 and is downtrending. It has underperformed by 71.18% the S&P500.

SunPower Corporation is a global energy company. The company has a market cap of $1.02 billion. The Firm provides solar technology to residential, commercial and utility clients worldwide. It currently has negative earnings. The Firm operates through three divisions: Residential Segment, Commercial Segment and Power Plant Segment.

Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.13, from 1.08 in 2016Q1. The ratio improved, as 27 funds sold all SunPower Corporation shares owned while 48 reduced positions. 20 funds bought stakes while 71 increased positions. They now own 51.40 million shares or 0.09% less from 51.44 million shares in 2016Q1.
Trafelet Brokaw L P accumulated 3,000 shares or 0.05% of the stock. Shelter Ins Retirement Plan, a Missouri-based fund reported 142,700 shares. Schwab Charles Investment Mgmt accumulated 116,638 shares or 0% of the stock. Jupiter Asset Mngmt Ltd owns 403,874 shares or 0.24% of their US portfolio. State Board Of Administration Of Florida Retirement Systems holds 0% or 64,692 shares in its portfolio. Moreover, Pnc Fin Grp has 0% invested in SunPower Corporation (NASDAQ:SPWR) for 6,305 shares. Oz Management L P holds 0% of its portfolio in SunPower Corporation (NASDAQ:SPWR) for 12,700 shares. Blackrock Ltd Liability Com holds 0% of its portfolio in SunPower Corporation (NASDAQ:SPWR) for 28,365 shares. Moreover, State Street Corp has 0% invested in SunPower Corporation (NASDAQ:SPWR) for 984,225 shares. Focused Wealth Management Inc holds 0% of its portfolio in SunPower Corporation (NASDAQ:SPWR) for 113 shares. Tower Research (Trc) has 6,635 shares for 0.01% of their US portfolio. First Advsrs Limited Partnership last reported 135,656 shares in the company. Tortoise Capital Limited Liability Corporation holds 0% of its portfolio in SunPower Corporation (NASDAQ:SPWR) for 88 shares. Quentec Asset Lc accumulated 856,959 shares or 1.65% of the stock. Blackrock holds 0% or 17,322 shares in its portfolio.

SunPower Corporation (NASDAQ:SPWR) Ratings Coverage

Out of 19 analysts covering SunPower (NASDAQ:SPWR), 6 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 32% are positive. SunPower has been the topic of 33 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Wednesday, November 9, the company rating was downgraded by Bank of America. The stock of SunPower Corporation (NASDAQ:SPWR) has “Mkt Underperform” rating given on Thursday, September 8 by JMP Securities. The firm has “Buy” rating by UBS given on Wednesday, August 10. The company was initiated on Tuesday, September 8 by Oppenheimer. The firm has “Overweight” rating by Morgan Stanley given on Monday, December 21. As per Thursday, January 21, the company rating was upgraded by Janney Capital. Janney Capital downgraded the shares of SPWR in a report on Wednesday, August 10 to “Neutral” rating. The rating was initiated by Mizuho on Thursday, March 31 with “Neutral”. On Friday, February 26 the stock rating was initiated by Northland Capital with “Outperform”. Macquarie Research initiated the stock with “Outperform” rating in Friday, November 6 report.

SPWR Company Profile

SunPower Corporation (SunPower), incorporated on May 25, 2004, is a global energy company. The Firm provides solar technology to residential, commercial and utility clients worldwide. The Firm operates through three divisions: Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation. The Firm sells panels and balance of system components, primarily to dealers, system integrators and distributors. It designs, makes, and sells rooftop and ground-mounted solar power systems under construction and development agreements. The Firm offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase.

More important recent SunPower Corporation (NASDAQ:SPWR) news were published by: Fool.com which released: “SunPower Corporation Going Into Survival Mode” on November 13, 2016, also Fool.com published article titled: “Why SunPower Corporation’s Shares Plunged 12% Today”, 247Wallst.com published: “SunPower Cost-Cutting Doesn’t Impress Investors” on November 09, 2016. More interesting news about SunPower Corporation (NASDAQ:SPWR) was released by: Valuewalk.com and their article: “Solaredge Technologies Inc, SunPower Corporation Shares Move Lower On Earnings” with publication date: November 09, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Richard Conner


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>