Market Overview

UPDATE: Citigroup Initiates SunPower Corporation at Buy on Solar Downstream Positioning

Share:
Related SPWR
Sectors and Stocks To Watch If Hillary Clinton Is Elected
SunPower Shares Higher Following UBS Upgrade To Buy
Solar Powered Cars? - It's Not As Far-Fetched As You Might Think (Seeking Alpha)

Citigroup initiated SunPower (NASDAQ: SPWR) with a Buy rating and a $12.00 price target.

Citigroup noted, "SPWR's industry leading efficiency panels, massive downstream channel, the backing of oil giant Total and, strategic JVs with key industry players make it the perfect package, in our view. With a global recognized brand and distribution channel, SPWR is best positioned to capture growth in the residential and commercial scale market. Recent project wins at the utility scale level have been gravy – we see additional opportunities with their Tracker system."

SunPower Corporation closed at $8.01 on Tuesday.

Latest Ratings for SPWR

DateFirmActionFromTo
Jul 2016UBSUpgradesNeutralBuy
Jun 2016Wells FargoInitiates Coverage onMarket Perform
Apr 2016Guggenheim SecuritiesInitiates Coverage onNeutral

View More Analyst Ratings for SPWR
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Initiation Analyst Ratings

 

Related Articles (SPWR)

View Comments and Join the Discussion!