Brokerage Firm Rating Update on SunPower Corporation (SPWR)

SunPower Corporation (SPWR) : Zacks Investment Research ranks SunPower Corporation (SPWR) as 5, which is a Strong Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.19, which indicates as a Buy.

SunPower Corporation (SPWR) : Average target price received by SunPower Corporation (SPWR) is $17.92 with an expected standard deviation of $5.88. The most aggressive target on the stock is $28, whereas the most downbeat target is $11. 13 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley downgrades its rating on SunPower Corporation (NASDAQ:SPWR). The global brokerage major lowers the current price target from $27 per share to $12 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on August 12, 2016.

SunPower Corporation (NASDAQ:SPWR): stock was range-bound between the intraday low of $10.2 and the intraday high of $10.59 after having opened at $10.44 on Wednesdays session. The stock finally closed in the red at $10.44, a loss of -2.48%. The stock remained in the red for the whole trading day. The total traded volume was 1,508,048 shares. The stock failed to cross $10.59 in Wednesdays trading. The stocks closing price on Thursday was $10.47.

SunPower Corporation (SunPower) is a global energy company. The Company provides design, manufacturing, installation, ongoing maintenance and monitoring and adjacent services. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: the Americas Segment, the EMEA Segment and the APAC Segment. The Company offers solar power components, solar power systems and residential leases. The Company sells panels and balance of system components, primarily to dealers, system integrators and distributors. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. The Company offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase.

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