Shares of SPWR traded higher by 3.80% or $0.29/share to $7.92. NASDAQ is trading at a price to book ratio of 0.81. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.7. The price to sales ratio came in at 0.39. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1510270 shares of SPWR exchange hands on a given day and today's volume is recorded at 607714. 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.
SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers.
