Dallas, Texas 07/08/2013 (Financialstrend) – Shares of SunPower Corporation (NASDAQ:SPWR) have been recently soaring, since most of the trading sessions closed at green levels for the company. The solar power company surged by around 559.03 percent compared to the 52-week low price level. The share price surge ofSunPower Corporation (NASDAQ:SPWR) caused the Growing Stock Report to add the company to the NASDAQ Gainers watch list.
Shares of SunPower Corporation (NASDAQ:SPWR) closed at $24.43 per share on Friday, recording an increase of 10.24 percent for the day. The stock pricefluctuated during the day between $22.50 and $24.45, after opening at $22.51 on Friday. Shares of SunPower Corporation (NASDAQ:SPWR) have a 52-week low price of $3.71 and a 52-week high price of $24.45.
As for the specific percentage of equity ownership, institutional owners hold around 20 percent of the total equity capital in SunPower Corporation (NASDAQ:SPWR) and there are 161.27 million shares outstanding in the market. The company recorded an average volume of trading at 4.69 million shares per day.
SunPower Corporation (NASDAQ:SPWR) is a solar products and services company which designs, develops and markets solar electric systems across the globe for various residential, commercial, and utility-scale power plant customers. SunPower Corporation (NASDAQ:SPWR) has two operational business segments, namely the Utility and Power Plants (UPP) Segment and the Residential and Commercial Segment. The UPP Segment deals with the solar products and systems business,such as thepower plant project development and project sales, turn-key engineering, procurement and construction (EPC) services for power plant construction, and power plant operations and maintenance (O&M) services. The UPP Segment sells components for solar panels and mounting systems in huge volumes to third parties. SunPower Corporation (NASDAQ:SPWR) acquired Antelope Valley Solar Projects in January 2013.