How Analysts Feel About SunPower Corporation After Today’s Bullish Options Activity?

In today’s session SunPower Corporation (SPWR) registered an unusually high (338) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2016 call, expecting serious SPWR increase. With 338 contracts traded and 1074 open interest for the May, 16 contract, it seems this is a quite bullish bet. The option with symbol: SPWR160520C00023000 closed last at: $0.85 or 18.1% up. The stock increased 2.03% or $0.43 during the last trading session, hitting $21.66. About 1.51 million shares traded hands. SunPower Corporation (NASDAQ:SPWR) has declined 7.63% since September 15, 2015 and is downtrending. It has underperformed by 13.92% the S&P500.

Analysts await SunPower Corporation (NASDAQ:SPWR) to reports earnings on May, 5.

Out of 16 analysts covering SunPower (NASDAQ:SPWR), 14 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 82% are positive. SunPower was the topic in 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc.

The institutional sentiment increased to 1.31 in 2015 Q4. Its up 0.08, from 1.23 in 2015Q3. The ratio increased, as 33 funds sold all SunPower Corporation shares owned while 53 reduced positions. 40 funds bought stakes while 73 increased positions. They now own 48.06 million shares or 24.92% more from 38.48 million shares in 2015Q3.

Lorem Ipsum Management Llc holds 7.31% of its portfolio in SunPower Corporation for 688,136 shares. Hilltop Park Associates Llc owns 55,000 shares or 5.5% of their US portfolio. Moreover, Oceanic Investment Management Ltd has 4.83% invested in the company for 878,900 shares. The Colorado-based Independence Capital Asset Partners Llc has invested 3.62% in the stock. Quentec Asset Management Llc, a New York-based fund reported 557,333 shares.

SunPower Corporation is a global energy company. The company has a market cap of $2.95 billion. The Firm provides design, manufacturing, installation, ongoing maintenance and monitoring and adjacent services. It currently has negative earnings. The Firm provides solar technology to residential, commercial and utility clients worldwide.

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