1 Wall Street Analyst Cuts SunPower's Price Target by 33%. Here's Why He's Right (and Wrong) [Yahoo! Finance]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: Yahoo! Finance
complete ... restatements" of certain financial reports, it wouldn't be filing its required SEC 10-K Form on time this year. Shares of the solar power company are trading down about 15% since that announcement, and on Friday, Susquehanna International's Biju Perincheril cut his price target by roughly twice that much -- by 33% in fact, albeit to a price target of $3 that implies the stock will go up 13% from its current price over the next 12 months. Is SunPower stock a buy? Yes, you read that right. SunPower's already said it lost nearly $250 million last year, and now it's saying the news might be even worse than that (though how much worse remains to be seen) -- yet Susquehanna thinks the stock will go up Most analysts who follow the company don't see SunPower earning profits again before 2026 at the earliest. Why, even Susquehanna, in its note covered on StreetInsider.com Friday, said residential solar demand in the U.S. is taking longer to recover than anticipated -- and
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SPWR
News
- SunPower Co. (NASDAQ: SPWR) had its price target lowered by analysts at Scotiabank from $6.00 to $4.00. They now have a "sector perform" rating on the stock.MarketBeat
- Enphase Energy and SunPower: Solar stocks sliding [Yahoo! Finance]Yahoo! Finance
- It's a cloudy day for SunPower. [Verge, The]Verge, The
- SunPower to Cut Almost One-Third of Workforce [BNN Bloomberg (Canada)]BNN Bloomberg
- SunPower to cut jobs, shut business segments in restructuring plan [Seeking Alpha]Seeking Alpha
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form 8-K
- 3/27/24 - Form 144
- SPWR's page on the SEC website