SunPower price target lowered to $9 from $11 at Barclays

Barclays lowered the firm’s price target on SunPower to $9 from $11 and keeps an Underweight rating on the shares post the Q2 results. The company’s adjusted gross margins held up better than expected and write-downs were small, but it came at the cost of slower customer additions, the analyst tells investors in a research note.