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The Latest Breaking News from SunPower Corp

Why SunPower Shares Are Trading Lower Today

Wells Fargo analyst Michael Blum initiated coverage of SunPower Corp (NASDAQ:SPWR) with an Underweight rating and a price target of $17. SPWR is a pure-play residential solar provider with over 444K customers. The analyst mentions that SPWR's largely new management team has pivoted its focus to customer service, with plans to increase offerings and…

Why SunPower Stock Is Rising Today

Why SunPower Stock Is Rising Today

SunPower Corp (NASDAQ: SPWR) shares are trading higher Monday amid a report that President Biden will issue a proclamation allowing the import of solar panels from four Southeast Asian countries without tariffs for 24 months.

Analysts Raise Price Target On SunPower, Still See Downside

Analysts Raise Price Target On SunPower, Still See Downside

BofA analyst Julien Dumoulin-Smith upgraded SunPower Corp (NASDAQ:SPWR) to Neutral from Underperform with a price target of $23, up from $13 (3% downside). The re-rating followed the company's analyst day, which he said offered clarity on the growth trajectory. Given what he calls "admittedly a robust turnaround plan with specific steps," Dumoulin-Smith made "material" upward…

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Why Sunrun, ReneSola And SunPower Shares Are Surging Today

Shares of solar-related companies, including Sunrun Inc (NASDAQ: RUN), ReneSola Ltd (NYSE: SOL) and SunPower Corp (NASDAQ:

Here's Why UBS Considers SunPower As Fair Priced; Upgrades To Neutral

UBS analyst Jon Windham upgraded SunPower Corp (NASDAQ:SPWR) to Neutral from Sell with a price target of $17, up from $14. The price target implies that the stock is fairly priced. The analyst notes the company's more balanced risk-reward after its stock price fell 44% over the past three months. While the outcome of any…

Why Are SunPower Shares Trading Lower Today?

SunPower Corp (NASDAQ:SPWR) sees fourth-quarter FY21 revenue within prior guidance of $361 million - $421 million against the consensus of $379.5 million. SunPower sees $27 million of supplier-quality-related charges in Q4 and $4 million in Q1 of 2022 as it pursues recovery of costs from the suppliers. The company intends to fund the…

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