Shares of SPWR traded higher by 3.62% or $0.29/share to $8.31. NASDAQ is trading at a price to book ratio of 0.85. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.73. The price to sales ratio came in at 0.41. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1980100 shares of SPWR exchange hands on a given day and today's volume is recorded at 804890. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
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.