SunPower tumbles nearly 20% after pausing some operations
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SunPower (SPWR) continues freefall after dealer letter
July 19, 2024 9:49 AM EDTSunPower (NASDAQ: SPWR) stock has continued its dramatic descent after a letter to dealers halted new lease installations and shipments.
The stock, which surged during the pandemic, rising above $50 a share, is now hovering around the $1 mark. It has fallen around 90% in the last 12 months.
The company is said to have notified dealers that it will no longer provide support for new leases, installations, or product shipments.
Reacting to the news, analysts at... More
Mizuho Downgrades SunPower (SPWR) to Underperform, 'Running Out of Time and Cash'
July 19, 2024 9:14 AM EDTMizuho analyst Maheep Mandloi downgraded SunPower (NASDAQ: SPWR) from Neutral to Underperform with a price target of $0.50 (from $4.00).
The analyst comments "We downgrade SPWR to Underperform after news that the company is stopping lease and PPA installations, the most favored financing... More
SunPower (SPWR) PT Lowered to $2.20 at Roth/MKM
July 19, 2024 5:10 AM EDTRoth/MKM analyst Phiilip Shen lowered the price target on SunPower (NASDAQ: SPWR) to $2.20 (from $3.25) while maintaining a Neutral rating.
The analyst comments "SPWR may have "hit a wall," according to one of our contacts. Multiple industry contacts have shared SPWR's... More
Evercore Drops Coverage of SunPower (SPWR)
July 18, 2024 4:03 PM EDTEvercore Drops Coverage of SunPower (NASDAQ: SPWR)
StreetInsider note: We do not highlight discontinued coverage generally. Due to the nature of this story, we feel it is appropriate to inform you.... More