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Wednesday, December 12, 2012

Potential Takeover Candidate? (NASDAQ: SPWR)

Shares of SPWR traded higher by 3.66% or $0.19/share to $5.38. NASDAQ is trading at a price to book ratio of 0.55. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.24. The price to sales ratio came in at 0.27. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 665221 shares of SPWR exchange hands on a given day and today's volume is recorded at 272339. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

Develops solar power products. The Company's products are semiconductor devices that directly convert sunlight into electricity.