Deutsche Bank analyst Corinne Blanchard raised the firm’s price target on SunPower to $21 from $16 and keeps a Hold rating on the shares as part of her Q4 solar preview. The analyst expects investors to focus on residential solar demand in the U.S. following the Inflation Reduction Act, demand growth in Europe, storage growth and adoption and the supply chain environment.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SPWR:
- 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
- SunPower call volume above normal and directionally bullish
- SunPower put volume heavy and directionally bearish