Disclosure Insight Downgrades Rating to High Risk on SunPower

A report from D.I. downgrades its rating from Medium Risk – Negative Bias to High Risk on SunPower (NASDAQ: SPWRA).

The report states, “We are changing our rating on SPWRA from Medium Risk - Negative Bias to High Risk due to the risk of undisclosed SEC activity. Accounting issues; the risk of undisclosed SEC activity; one-time items; acquisition activity; its controlled company status; recent guidance cuts; concentrated revenue; and the chairman and CEO positions being held by one person support our opinion of a High Risk rating for SPWRA."

SPWRA closed yesterday at $9.09.