Sunpower (SPWR) Gets a Buy Upgrade from JANCO
According to StreetInsider.com, JANCO has upgraded Sunpower (SPWR) to a Buy this morning from acccumulate with a price target of $110. JANCO analyst Singh said, “As the price of SunPower stock continues to discount the regulatory headwind at the cost of the Company’s excellent operational performance, any resolution of the outstanding regulatory issues will likely result in substantial upside to the stock price. Furthermore, the increased guidance from management reflects the Company’s ability to diversify its business away from problem areas without losing momentum. We are confident that management is fully aware that
the current market environment can be quite unforgiving toward earnings shortfalls. Therefore, it has no incentive to give guidance it will have difficulty meeting.”
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