RBC Capital Increases SunPower Price Target to $30.00 (SPWRA)
Equities research analysts at RBC Capital lifted their price objective on shares of SunPower (NASDAQ:SPWRA) from $22.00 to $30.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective points to a potential upside of 311.52% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of SunPower from $25.00 to $33.00 in a research note to investors on Tuesday. Separately, analysts at Cowen and Company raised their price target on shares of SunPower from $34.00 to $40.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Lazard Capital Markets raised their price target on shares of SunPower from $35.00 to $42.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. SunPower presently has a consensus rating of “Buy” and an average target price of $35.57.
SunPower Corporation (NASDAQ:SPWRA) is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers.
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