SunPower (NASDAQ:SPWR) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.34, Bloomberg Earnings reports. SunPower had a negative net margin of 24.91% and a negative return on equity of 20.81%. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $796.62 million. During the same quarter last year, the business posted ($0.64) EPS. SunPower’s quarterly revenue was down 24.9% compared to the same quarter last year.
SunPower (NASDAQ SPWR) traded down $0.09 during trading on Thursday, reaching $7.39. 6,893,279 shares of the company were exchanged, compared to its average volume of 3,400,000. SunPower has a fifty-two week low of $5.84 and a fifty-two week high of $11.70. The stock has a market cap of $1,030.00, a price-to-earnings ratio of -1.84 and a beta of 2.73. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.41 and a quick ratio of 1.02.
In related news, Director Catherine A. Lesjak sold 23,632 shares of SunPower stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $7.50, for a total value of $177,240.00. Following the completion of the transaction, the director now directly owns 55,924 shares in the company, valued at approximately $419,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is currently owned by insiders.
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SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.
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