UBS Downgrades SunPower (SPWR) to Neutral; Unable to Offset Extremely Challenging Macro
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SunPower (SPWR) PT, Estimates Lowered at Baird Post Q3; 'Outperform' Maintained
November 10, 2016 6:28 AM ESTBaird analyst Ben Kallo lowered his price target on SunPower (NASDAQ: SPWR) to $12.00 (from $16.00) following results and lowered guidance but maintained an Outperform rating.
Kallo commented, "Q3 results were largely in line with our top line estimate and beat on EPS, although sustained... More
SunPower (SPWR) Tops Q3 EPS by 30c; Will Implement Corp. Restructuring
November 9, 2016 4:10 PM ESTSunPower (NASDAQ: SPWR) reported Q3 EPS of $0.68, $0.30 better than the analyst estimate of $0.38. Revenue for the quarter came in at $729.3 million versus the consensus estimate of $777.94 million.
The company will implement the following initiatives:
Reduce capacity to lower inventory,... More
