SunPower Corporation (NASDAQ:SPWR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Brean Capital in a research note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a $32.00 target price on the stock. Brean Capital’s price objective would indicate a potential downside of 5.88% from the company’s current price. SunPower Corporation (NASDAQ:SPWR), net profit margin is 8.40% and weekly performance is -0.44%. On last trading day company shares ended up $34.11. Analysts mean target price for the company is $37.32. SunPower Corporation (NASDAQ:SPWR), distance from 50-day simple moving average (SMA50) is 6.88%.
In 2012, First Solar Inc was the market leader for solar photovoltaic which held 6.9% market share of the total solar photovoltaic market while GE Energy led the market for wind energy. The other major players in green energy market include ABB Ltd., Alterra Power Corporation, Kyocera Solar Inc, Nordex SE, Hanwha Q Cells GmbH, Calpine Corporation, Suzlon Energy Ltd., U.S. Geothermal Inc, Yingli Green Energy Holding Co. Ltd., Enercon GmbH, GE Energy, JA Solar Holdings Co. Ltd., Suntech Power Holdings Co. Ltd., and Enphase Energy Inc, among others. Suntech Power Holdings Co., Ltd. (ADR) (OTCMKTS:STPFQ), fell 3.71% in last trading session and ended the day on $0.306.
Canadian Solar Inc. (NASDAQ:CSIQ), one of the world’s largest solar power companies, announced that it has won the Randstad Award as One of Canada’s Most Attractive Employers, in a survey by Randstad Canada, the country’s leading staffing, recruitment, and HR services company. Canadian Solar Inc. (NASDAQ:CSIQ), shares moved up 6.38% in last trading session and was closed at $28.00, while trading in range of $ 26.40 – 28.25. Canadian Solar Inc. (NASDAQ:CSIQ), year to date (YTD) performance is -6.10%.
SPI Solar is majority owned (70%) by LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY),, which is undergoing bankruptcy proceedings and delisted from the New York Stock Exchange (NYSE).The company said that four investment firms had agreed to purchase 135,937,500 of its shares at US$0.16 per share for an aggregate purchase price of US$21,750,000.LDK Solar Co., Ltd (ADR) (OTCMKTS:LDKSY), ended the last trading day at $0.420.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), the largest vertically integrated photovoltaic (“PV”) module manufacturer in the world, known as “Yingli Solar”, announced that it has delivered 10 MW of monocrystalline silicon modules to Kingspan Energy, part of the Kingspan Group, the global leader in high performance insulation and building envelope solutions. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), net profit margin is -14.40% and weekly performance is -0.64%. On last trading day company shares ended up $3.10. Analysts mean target price for the company is $5.88. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), distance from 50-day simple moving average (SMA50) is -32.19%.
Leave a Reply