UBS Downgrades SunPower (SPWR) to Sell
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October 28, 2020 4:27 PM EDT
SunPower (NASDAQ: SPWR) reported Q3 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $274.8 million versus the consensus estimate of $235.64 million.
Third Quarter 2020 Results
"Our solid third quarter results reflect the strong demand for our industry-leading solutions in both our residential and commercial markets," said Tom Werner, SunPower CEO and chairman of the board.
"Overall, we executed well as MW recognized grew 20% sequentially, we further expanded our gross margin, generated positive cash flow and added to our significant backlog. Additionally, we are pleased with the... More
October 26, 2020 4:29 AM EDT
(Updated - October 26, 2020 5:11 AM EDT)
(updating comment)
Credit Suisse analyst Michael Weinstein downgraded SunPower (NASDAQ: SPWR) from Outperform to Neutral with a price target of $16.00 (from $12.00).
The analyst comments "Downgrade to Neutral (from Outperform)l, even while we increase our TP... More
October 23, 2020 8:03 AM EDT
(Reuters) - U.S. solar stocks rose on Friday after U.S. Democratic presidential candidate Joe Biden said in the final pre-election debate on Thursday night that if elected he plans to transition to a more climate-friendly economy.
Shares of Renesola Ltd (NYSE: SOL), Jinkosolar Holding Co Ltd (NYSE: JKS), Canadian Solar Inc (NASDAQ: CSIQ) and SunPower Corp (NASDAQ:... More
