Wells Fargo analyst Michael Blum lowered the firm’s price target on SunPower to $3 from $4 to reflect dilution from warrants, lower customer growth, and higher discount rate. The firm keeps an Underweight rating on the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SPWR: