Is SunPower Stock Going to $2.50? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
In mid-March he cut his price target significantly, maintaining a "no compelling reason to buy this," neutral recommendation. Here's why, and whether that evaluation is accurate. The bears have a better case than the bulls SunPower, a notable player in the historically struggling solar industry, can be a divisive company among stock pundits. Some feel the share price is poised to bounce higher, with a recent financing arrangement showing that it still has ready -- if potentially dilutive -- sources of capital. Others feel that the relatively lofty interest rates we've seen will continue to limit demand for expensive solar projects. Piper Sandler 's Kashy Harrison is more in the latter camp. He was rather assertive with his scissors, enacting a nearly 17% cut to his SunPower price target to $2.50 per share. That implies the stock will shed $0.26 of its current share value, or 16% of its current share price. Harrison's reduction came on the heels of both that financing news, and
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SPWR
News
- 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
- Solar company SunPower to reduce workforce, shut business segments [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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