Barclays analyst Christine Cho downgraded SunPower to Underweight from Equal Weight with a price target of $18, down from $26. With U.S. residential solar demand expected to slow in 2023, the company will face a changing and challenging environment, the analyst tells investors in a research note. The downgrade is part of the firm’s positioning of residential installers for 2023.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SPWR:
- SunPower put volume heavy and directionally bearish
- SunPower price target raised to $21 from $16 at Deutsche Bank
- RMI launches virtual power plant partnership with GM, Google, Ford
- SunPower upgraded to Equal Weight from Underweight at Wells Fargo
- SunPower, Maxeon Solar extend current supply relationship