Sunpower Corp (NASDAQ:SPWR) has a beta value of 1.78 and has seen 8.88 million shares traded in the last trading session. The company, currently valued at $496.27M, closed the last trade at $2.83 per share which meant it gained $0.16 on the day or 5.99% during that session. The SPWR stock price is -427.21% off its 52-week high price of $14.92 and 10.95% above the 52-week low of $2.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.18 million shares traded. The 3-month trading volume is 8.80 million shares.
Sunpower Corp (NASDAQ:SPWR) trade information
Sporting 5.99% in the green in last session, the stock has traded in the red over the last five days, when the SPWR stock price touched $2.83 or saw a rise of 11.84%. Year-to-date, Sunpower Corp shares have moved -41.41%, while the 5-day performance has seen it change -6.60%. Over the past 30 days, the shares of Sunpower Corp (NASDAQ:SPWR) have changed -33.65%. Short interest in the company has seen 40.04 million shares shorted with days to cover at 4.5.
Sunpower Corp (SPWR) estimates and forecasts
Figures show that Sunpower Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -61.13% over the past 6 months, with this year growth rate of 31.87%, compared to 13.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -257.10% and -38.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be -12.80%.
20 analysts offering their estimates for the company have set an average revenue estimate of $332.5 million for the current quarter. 20 have an estimated revenue figure of $361.34 million for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 24.51% over the past 5 years.
SPWR Dividends
Sunpower Corp is expected to release its next earnings report between May 01 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sunpower Corp (NASDAQ:SPWR)’s Major holders
Insiders own 0.59% of the company shares, while shares held by institutions stand at 121.75% with a share float percentage of 122.47%. Investors are also buoyed by the number of investors in a company, with Sunpower Corp having a total of 344 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 19.35 million shares worth more than $189.67 million. As of Jun 29, 2023, Blackrock Inc. held 11.05% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 9.3 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $91.12 million and represent 5.31% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 3.31% shares in the company for having 5.8 million shares of worth $35.79 million while later fund manager owns 2.75 million shares of worth $26.91 million as of Jun 29, 2023, which makes it owner of about 1.57% of company’s outstanding stock.
