SunPower initiated with a Hold at Deutsche Bank

Deutsche Bank analyst Corinne Blanchard initiated coverage of SunPower with a Hold rating and $16 price target. The analyst’s bullish outlook on the solar group is "underpinned by considerable growth opportunities" for the U.S. residential market and the "most powerful and positive regulatory environment the industry has ever seen." Blanchard says she needs to grow confidence in SunPower’s execution.