Cantor Fitzgerald raised the firm’s price target on SunPower (SPWR) to $6 from $5 and keeps an Overweight rating on the shares after the company last week announced that it has agreed to acquire rooftop solar sales company Sunder Energy. The firm sees the deal offering “inexpensive, high-margin” revenue plus an immediate revenue synergy opportunity, the analyst tells investors.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPWR: