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Robert W. Baird Thinks SunPower’s Stock is Going to Recover

In a report issued on December 22, Ben Kallo from Robert W. Baird maintained a Buy rating on SunPower (SPWRResearch Report), with a price target of $34.00. The company’s shares closed last Wednesday at $20.22, close to its 52-week low of $19.75.

According to TipRanks.com, Kallo is a 5-star analyst with an average return of 14.1% and a 61.3% success rate. Kallo covers the Basic Materials sector, focusing on stocks such as Archer Daniels Midland, Darling Ingredients, and Atotech.

SunPower has an analyst consensus of Moderate Sell, with a price target consensus of $26.29.

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SunPower’s market cap is currently $3.5B and has a P/E ratio of 12.06.

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SunPower Corp. engages in the design, manufacture and deliver of solar panels and systems. It operates through the SunPower Energy Services and SunPower Technologies segments: The SunPower Energy Services Segment deals with the sales of solar energy solutions in the North America region including direct sales of turn-key engineering, procurement and construction. The SunPower Technologies Segment involves technology development, worldwide solar panel manufacturing operations, equipment supply to resellers, commercial and residential end-customers outside of North America. The company was founded by Thomas L. Dinwoodie, Robert Lorenzini and Richard M. Swanson in April 1985 and is headquartered in San Jose, CA.

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