Morgan Stanley Maintains Equal-Weight Rating on SunPower

A report from Morgan Stanley reiterates its Equal-Weight rating on SunPower

. The report states, “SunPower reported better-than-expected non-GAAP EPS of $0.16 for 3Q11, but cautioned against continued headwinds given uncertainty in Europe. We remain cautious on the company, but believe the Total relationship provides support for the stock price." SPWRA closed yesterday at $8.76.