Tag Archives: buy

JANCO Upgrades Sunpower (SPWRA) To Buy: "Sell Off Overdone"

JANCO Partners upgraded Sunpower (SPWRA) this morning from Accumulate to Buy because they believe the sell off after earnings is overdone. 

Hat tip to StreetInsider.com for the following analyst comment:

“We are upgrading the stock to a Buy rating based on the upside potential in the stock given the recent pullback since the company announced earnings on 10/22/2009. With the pullback the stock is currently trading at 14.9X our FY2010 EPS estimate of $1.82, which … Read the rest