Raymond James lowered shares of SunPower (NASDAQ:SPWR) from an outperform rating to a market perform rating in a research note published on Wednesday, Benzinga reports. Raymond James currently has $9.84 price target on the semiconductor company’s stock. Several other equities research analysts also recently issued reports on SPWR.
MGX Renewables Inc. , SolarEdge Technologies, Inc. SEDG, -1.73%, First Solar, Inc. FSLR, -0.67%, Enphase Energy, Inc. ENPH, -4.75%, SunPower Corporation SPWR, -5.08% While solar. recent corporate.
SunPower Co. (NASDAQ:SPWR) was down 5.1% during mid-day trading on Friday . The stock traded as low as $12.30 and last traded at $12.52, approximately 2,961,556 shares traded hands during trading. An increase of 32% from the average daily volume of 2,236,571 shares. The stock had previously closed at $13.19.
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At the midpoint of the proposed range, it would command a market value of $1.4 billion. First Solar ( FSLR) and SunPower ( SPWR) have a market caps of about $5 billion and $4 billion, respectively.
SunPower Co. (NASDAQ:SPWR)’s share price was up 6.8% during mid-day trading on Friday . The company traded as high as $16.04 and last traded at $15.51, approximately 276,306 shares traded hands.
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United Microelectronics Corp (NYSE:UMC) issued its quarterly earnings data on Wednesday, July, 24th. The semiconductor company reported $0.02 EPS for the quarter. The semiconductor company earned $1.16 billion during the quarter. United Microelectronics had a net margin of 2.04% and a return on equity of 1.41%.