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SunPower upgraded to Equal Weight from Underweight at Wells Fargo
The Fly

SunPower upgraded to Equal Weight from Underweight at Wells Fargo

Wells Fargo analyst Michael Blum upgraded SunPower to Equal Weight from Underweight with a $21 price target. The analyst has turned positive on the clean energy sector for 2023. While continued Federal Reserve tightening will likely act as a near-term headwind, the fundamental and regulatory backdrop is "much improved" in 2023 and beyond, Blum tells investors in a research note. He recalibrated ratings inn the sector.

Published first on TheFly

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