Auriga In Wait & See Mode On Sunpower (SPWRA), Maintains Hold & Lowers PT
Auriga is out with a research report on Sunpower (SPWRA) this morning following the recent analyst day and the firm is maintaining its Hold rating on the company, but lowering the price target a bit from $12 to $11. Here are the highlights..
- Operating cash flow expected to be much improved, but results have yet to be proven
- Lowering non GAAP EPS estimate due to lower margins from $1.28 to $1.25/share
- Sales guidance for 2011 better than expected
- company track record on gross margin improvement spotty
Shares of SPWRA are down fractionally today and remain technically bearish after dropping below the 50 day moving average a few days ago.
==> Click Here For Your FREE Daily Sunpower Technical Analysis Report
More on this topic
(What's this?)
Larget US Solar Installer Suncity gets Sued by Sunpower for Corporate Espionage
(Green World Investor, 2/13/12)
SunPower Helps California Schools Save $220 Million
(Green Chip Stocks, 5/3/12)
SunPower Gets A Big Boost From Big Oil
(Investment U, 5/9/11)
LDK and Sunpower would have been in Chapter 11 without China and Total Support
(Green World Investor, 1/5/12)
No comments yet.
Leave a comment