UPDATE: Credit Suisse Downgrades SunPower (SPWR) to Underperform
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
SunPower (SPWR) PT Lowered to $13 at BofA Securities
February 19, 2021 6:07 AM ESTBofA Securities analyst Julien Dumoulin-Smith lowered the price target on SunPower (NASDAQ: SPWR) to $13.00 (from $14.00) while maintaining a Underperform rating.... More
Pre-Open Stock Movers 02/18: (GTEC) (IMNM) (QUIK) Higher; (IMBI) (STMP) (FSLY) Lower (more...)
February 18, 2021 9:23 AM ESTPre-Open Stock Movers:
Greenland Technologies Holding Corporation (NASDAQ: GTEC) 212% HIGHER; The company and Fujian South China Heavy Machinery Manufacture Co. Ltd., a leading company specialized in designing, manufacturing and distributing heavy industrial machinery and vehicles, today announced a co-operation agreement to utilize SOCMA's existing supply-chain and certain technologies to support Greenland's production of electric industrial vehicles in the United States. The agreement also represents a commitment by Greenland to invest in the U.S. as a key center of innovation in the global electric vehicle market.
Immunome,... More
SunPower (SPWR) PT Raised to $38 at Cowen
February 18, 2021 7:05 AM ESTCowen analyst Jeffrey Osborne raised the price target on SunPower (NASDAQ: SPWR) to $38.00 (from $17.00) while maintaining a Market Perform rating.
The analyst commented, "Management was upbeat about SunPower's growth trajectory, highlighting momentum in backlog, record bookings in new homes, and strong commercial... More
SunPower (SPWR) PT Raised to $42 at Goldman Sachs
February 18, 2021 6:09 AM ESTGoldman Sachs analyst Brian Lee raised the price target on SunPower (NASDAQ: SPWR) to $42.00 (from $37.00) while maintaining a Buy rating.... More
SunPower (SPWR) PT Raised to $40 at Roth Capital
February 18, 2021 5:26 AM ESTRoth Capital analyst Phiilip Shen raised the price target on SunPower (NASDAQ: SPWR) to $40.00 (from $16.00) while maintaining a Buy rating.
The analyst comments "While SPWR provided mixed results/guidance, management is improving GMs, and there seems to be more ahead. Many were... More