SunPower (SPWR) PT Raised to $17 at Morgan Stanley

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Citi Reiterates Neutral Rating on SunPower (SPWR), Opens Downside Catalyst Watch

July 19, 2023 9:28 AM EDT

Citi analyst Vikram Bagri reiterated a Neutral rating and $12.00 price target on SunPower (NASDAQ: SPWR)

The analyst comments "We open a 30-day downside catalyst watch on SPWR. Our latest estimates reflect an 18%/72% EBITDA weighting for FY23, compared to the 25%/75% company guidance. Higher operating... More