Goldman Sachs Upgrades SunPower (SPWR) to Buy

Goldman Sachs analyst Brian Lee upgraded SunPower (NASDAQ: SPWR) from Neutral to Buy with a price target of $11.00 (from $6.00).

• Expects improving margins and mix to generate an EBITDA inflection.
• Sees benefits to company from new CA homes volume, improving margin/mix and improved leverage ratios.

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 $8.24 yesterday.

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