Shares of SPWR traded higher by 2.47% or $0.24/share to $9.95. NASDAQ is trading at a price to book ratio of 1.16. 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 0.48. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2352300 shares of SPWR exchange hands on a given day and today's volume is recorded at 798121. 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.
