JPMorgan Downgrades SunPower (SPWR) to Neutral
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Janney Montgomery Scott Downgrades SunPower (SPWR) to Neutral
August 10, 2016 7:28 AM EDTJanney Montgomery Scott downgraded SunPower (NASDAQ: SPWR) from Buy to Neutral.
For an analyst ratings summary and ratings history on SunPower click here. For more ratings news on SunPower click here.
Shares of SunPower closed at $14.78 yesterday.
... MoreCredit Suisse Downgrades SunPower (SPWR) to Neutral; Unexpected Guidance Cut 'Disconcerting'
August 10, 2016 7:24 AM EDTCredit Suisse downgraded SunPower (NASDAQ: SPWR) from Outperform to Neutral with a price target of $12.00 (from $32.00) as guidance slashed.
Analyst P. Jobin commented, ": We are downgrading SPWR from Outperform to Neutral and lowering our Target Price from $32 to $12; our estimates are cut to $0.36/$0.73/$0.69 from $1.15/$1.55/$1.64 for... More
Deutsche Bank Downgrades SunPower (SPWR) to Hold
August 10, 2016 6:46 AM EDTDeutsche Bank downgraded SunPower (NASDAQ: SPWR) from Buy to Hold with a price target of $11.00 (from $37.00). The change follows the release of Q2 results and disappointing outlook.
"While we had acknowledged that back-end loaded 2016 EBITDA guidance was likely to remain... More
Oppenheimer Downgrades SunPower (SPWR) to Perform
August 10, 2016 6:40 AM EDTOppenheimer downgraded SunPower (NASDAQ: SPWR) from Outperform to Perform and removed its price target (prior $39.00).
For an analyst ratings summary and ratings history on SunPower click here. For more ratings news on SunPower click here.
Shares of SunPower closed at $14.78 yesterday.
... MoreSunPower (SPWR) Tops Q2 EPS by 2c, to Cut 15% of Workforce; Guides FY Revs Below the Street
August 9, 2016 4:08 PM EDTSunPower (NASDAQ: SPWR) reported Q2 EPS of ($0.22), $0.02 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $420.5 million versus the consensus estimate of $345.08 million.
GUIDANCE:
SunPower sees FY2016 revenue of $3-3.2 billion, versus the consensus of $3.3 billion. Also sees gross margin of 10.5 percent to 12.5 percent, EBITDA of $275 million to $325 million, capital expenditures of $225 million to $245 million and gigawatts deployed in the range of 1.45 GW to 1.65 GW.... More
