SunPower Corporation Surges On JP Morgan Upgrade

SunPower Corporation SPWR surged higher Friday after JP Morgan upgraded the stock from Neutral to Overweight.

Analyst Paul Coster noted that since the stock’s 3Q 21 percent decline, the “risk-reward trade-off looks attractive now.”

Additional news will come from an Analyst Day in November, a pending YieldCo strategy decision, and details on residential lease metrics.

For a related story see 3 Energy Sectors That Would Benefit From Planned Carbon Emission Reductions.

SunPower Corporation traded at 33.57 Friday afternoon, up 3.10 percent.