Shares of SPWR traded higher by 7.47% or $0.74/share to $10.65. NASDAQ is trading at a price to book ratio of 1.19. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.85 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.49. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2422680 shares of SPWR exchange hands on a given day and today's volume is recorded at 970212. These factors combined may make this company a potential takeover candidate. 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.