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SunPower (SPWR) Gets a Hold Rating from UBS

UBS analyst Jon Windham maintained a Hold rating on SunPower (SPWRResearch Report) today and set a price target of $22.00. The company’s shares closed last Wednesday at $21.55.

According to TipRanks.com, Windham is ranked #372 out of 7991 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for SunPower with a $20.50 average price target, which is a -6.8% downside from current levels. In a report issued on July 19, Piper Sandler also maintained a Hold rating on the stock with a $21.00 price target.

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The company has a one-year high of $34.61 and a one-year low of $12.78. Currently, SunPower has an average volume of 2.97M.

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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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