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Vetr Crowd Turns Slightly Less Bullish On SunPower

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Vetr Crowd Turns Slightly Less Bullish On SunPower
  • Shares of SunPower Corporation (NASDAQ: SPWR) gained more than 7 percent over the past five days.
  • The Vetr crowd downgraded their crowd-sourced rating on SunPower to four stars out of a possible five.
  • The crowd-sourced price target of $26.85 implies a nearly 7 percent upside.

Shares of SunPower are still nearly flat since the start of 2015.

The Vetr crowd downgraded the solar technology provider to four stars out of a possible five stars from a prior rating of 4.5-stars. The rating still corresponds to a Buy recommendation, although the crowd has turned incrementally less bullish following the stock's recent gains.

Eight-seven percent of the Vetr crowd holds a bullish rating on SunPower, making the stock more attractive than SolarCity Corp (NASDAQ: SCTY) as 70 percent of the crowd recommend a Buy rating.

Only 12.5 percent of the Vetr crowd recommend a Sell rating on shares of SunPower. By comparison, 30 percent of the Vetr crowd recommend a Sell rating on shares of SolarCity.

A member of the Vetr Crowd, Rogier v Vlissingen, noted three months ago that SolarCity's business model is "non-viable" and "incapable of change." The member of the crowd also added that the company faces "mounting" consumer liabilities and engages in "boiler room sales tactics."

Shares of SolarCity have plunged more than 30 percent over the past three months. During the same time period, shares of SunPower gained more than 11 percent.

Latest Ratings for SPWR

DateFirmActionFromTo
Jun 2019DowngradesOutperformMarket Perform
Jun 2019UpgradesNeutralBuy
Apr 2019AssumesNeutral

View More Analyst Ratings for SPWR
View the Latest Analyst Ratings

Posted-In: solar companies Solar Stocks SolarCityAnalyst Color Downgrades Crowdsourcing Analyst Ratings General Best of Benzinga

 

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