In a report published Wednesday, Bank of America analyst Krish Sankar upgraded the rating on SunPower SPWR from Underperform to Buy, and raised the price target from $21.00 to $37.00.
In the report, Bank of America noted, “We rate SPWR shares a Buy. The company offers the industry's highest efficiency panel, has exposure to key growth markets globally, and is backed by global energy giant Total. In addition to utility-scale project opportunities, the company's US-based rooftop leasing business holds long-term value. We see substantial opportunity for the company to leverage high efficiency technology and low-cost Total-backed financing to expand contracted project opportunities around the world.”
SunPower closed on Tuesday at $29.37.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in