SunPower price target lowered to $11 from $15 at Barclays

Barclays analyst Christine Cho lowered the firm’s price target on SunPower to $11 from $15 and keeps an Underweight rating on the shares. The impact of declining equipment prices will likely be a large theme this quarter for the solar residential installers, the analyst tells investors in a research note. The firm says those with large inventories will see lower margins and potential write-downs.