SunPower Coverage Initiated by Analysts at Canaccord Genuity (SPWRA)
Stock analysts at Canaccord Genuity started coverage on shares of SunPower (NASDAQ:SPWRA) in a report issued on Wednesday. The firm set a “hold” rating and a $41.00 price target on the stock. Canaccord Genuity’s target price suggests a potential upside of 462.41% from the company’s current price.
A number of other analysts have also recently weighed in on SPWRA. Analysts at Robert W. Baird raised their price target on shares of SunPower from $42.00 to $48.00 in a research note on Wednesday, June 25th. Separately, analysts at Brean Capital downgraded shares of SunPower to a “hold” rating in a research note on Monday, June 23rd. Finally, analysts at JPMorgan Chase & Co. downgraded shares of SunPower to a “neutral” rating in a research note on Wednesday, June 18th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.63.
SunPower Corporation operates in two business segments: the Utility and Power Plants (NASDAQ:SPWRA) Segment and the Residential and Commercial (R&C) Segment.
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