Pacific Crest is out upgrading SunPower (SPWRA) this morning to Outperform and raised the price target to $29, saying the recent accounting debacle has created a unique buying opportunity.

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

“There is considerable risk inherent in our call because the results of the accounting investigation have not been announced. However, we believe the current stock price assumes a lower margin profile on future revenue, and thus the … Read the rest