As previously reported, Raymond James upgraded SunPower (SPWR) to Strong Buy from Outperform with a $21 price target. The firm’s upgrade follows what it views as the stock’s “excessive weakness” due to the company’s overweight to the California market, the analyst tells investors. SunPower’s stock has “noticeably” lagged year-to-date as it is down 46%, compared to Sunnova (NOVA) being up 2% and Sunrun (RUN) being down 26%, the analyst noted.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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: