UPDATE: Jefferies Lowers PT to $9 on SunPower

By Joe Young
Benzinga Staff Writer
November 04, 2011 8:35 AM

Symbols: SPWRA

Posted in: Analyst Color, Earnings, News, Price Target, Analyst Ratings

A report from Jefferies reiterates its Hold rating and lowers its price target from $12 to $9 on SunPower (NASDAQ; SPWRA).

The report states, “SPWR missed 3Q11 revenue and margin expectations and significantly lowered its 4Q11 guidance. The CFO leaving the company is a negative but the company is taking measures to lower its opex, cut back capex, and focus on cost reduction."

SPWRA closed yesterday at $8.76.

< Previous
Deutsche Bank Maintains Buy Rating and $34 PT on CBS

Next >
UPDATE: Piper Jaffray Lowers PT on First Solar to $95

Printer-friendly version

Send to friend

We're Loving

The Money Conversation Your Family Can't Delay Having

Insiders Are Selling These Two Radio Stocks

You Could Have Profited 14% on AOL by Using Benzinga Pro. Try It for Free Now!

The Most Dangerous States to Drive In

Cramer: Lehman Case 'Is a Travesty of Justice'

Benzinga's Premium Memberships

Options & Volatility Edge

Options & Volatility Edge is for those people who want to make money using cost effective options trading strategies. This product is for anyone—novices and experts. If you understand how to enter an options trade, you need Options & Volatility Edge.

Learn More >>
14 Day Free Trial!

Basic Premium
ETF Professor

The ETF Professor is truly an appropriate moniker, because the Professor spends hours everyday analyzing the charts of dozens of ETFs EVERY DAY.

Learn More >>
14 Day Free Trial!

Basic Premium
Winning Stocks

Winning Stocks tracks and analyzes attractive stocks that are poised to make great returns for the average investor. Investors receive the right information at the right time, which provides them with the possibility for great gains and the potential to beat the market.

Learn More >>
14 Day Free Trial!

Basic Premium

Real-Time Rumors

In this game, information is everything. You have to know what is happening before the Street begins trading against you utilizing the new information. We will provide you with that edge.

Learn More >>
14 Day Free Trial!

Basic Premium
Chart-Caster

From novice to pro, Chart-Caster delivers over $11,000 per month* in profitable trade setups across all time-frames from which members can evaluate, select, and replicate within their own trading accounts.

Learn More >>
14 Day Free Trial!

Basic Premium

UPDATE: Jefferies Lowers PT to $9 on SunPower

Benzinga's Premium Memberships

More stories by Joe Young

From Benzinga's Newsdesk

Benzinga's News Delivered Free

Latest from Premium

Brain Trust

Popular Channels

Tools & Features

About Benzinga

Social