SunPower (SPWR) PT Lowered to $2.50 at Piper Sandler

Piper Sandler analyst Kashy Harrison lowered the price target on SunPower (NASDAQ: SPWR) to $2.50 (from $3.00) while maintaining a Neutral rating.

The analyst commented, "Reduced PT to $2.50/sh from $3.00/sh previously as we tweaked our GMs and OpEx to more closely align with commentary from the prior earnings call. Our 7- yr DCF methodology and ~14% discount rate remain unchanged."

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