SunPower

The solar stocks have been rallying today following a Bloomberg article about Japanese solar power incentives. According to the article, Japan will overtake Germany and Italy as the second biggest solar power market in the world. The incentives might be a catalyst for more than $9.6 billion in...

Citi maintained SunPower's (NASDAQ: SPWR) Neutral rating and $8.50 price target in a research report published, after SunPower's acquisition of the 50% share of Tenesol not already owned by Total (NYSE: TOT). In the report, Citi wrote, "Consistent with our thesis on the stock since the Total deal...

Bank of America Merrill Lynch is out with its report today on SunPower (NASDAQ: SPWRA), moving SPWRA from No Rating to Underperform. In a note to clients, Bank of America Merrill Lynch writes, "With the Total tender offer closing, we are moving our opinion from No Rating to Underperform. The...

Goldman Sachs has downgraded SunPower Corporation (NASDAQ: SPWRA) from Neutral to Sell and has lowered the price target from $21 to $14.

Miller Tabak is reiterating its Neutral rating on shares of SunPower (NASDAQ: SPWRA). “Yesterday post close Sunpower issued new 2011 Guidance cutting previous non-GAAP EPS expectations to $1.20-$1.70 from $2.00-$2.25/sh,” Miller Tabak writes. “We are decreasing our 2011 non-GAAP EPS estimate to $...

Citi is out with its report today on SunPower (NASDAQ: SPWRA), maintaining Hold. In a note to clients, Citi writes, "We rate shares of SunPower Hold, Speculative Risk (2S). As the industry leader in conversion efficiency, we think SPWRA enjoys a strong technology advantage that positions it to...

Jefferies downgraded its rating on SunPower Corporation (NASDAQ: SPWRA) from Buy to Hold. At the same time, Jefferies lowered its price target on the company's stock from $26 to $19. In a research report published today, Jefferies explained its decision by arguing the company's stock will be weak...

Auriga discontinues coverage on SunPower (NASDAQ: SPWRA), due to the analyst departing from Auriga. Auriga's final rating was sell with a $13 PT. Shares of SPWRA closed Monday at $20.84, down 0.53% from Friday's close.

Jefferies & Company commented on SunPower (NASDAQ: SPWRA) in a report released today. In the report, Jefferies was positive in its outlook of the company. Jefferies writes, “SPWR reported Q1 in line with latest guidance. Large projects in Italy were delayed, and those that will not make the...

Goldman Sachs is out with its report today on SunPower (NASDAQ: SPWRA), raising its PT from $16.50 to $21. In a note to clients, Goldman Sachs writes, "Our 6-month PT of $21 (vs. $16.50 prior), which implies 2% downside potential, incorporates: (1) a DCF- and multiples-based fundamental value of $...

According to J.P. Morgan, SunPower (NASDAQ: SPWRA) announced a tender offer by French oil giant Total yesterday for up to 60% of its outstanding shares. J.P. Morgan said that the offer price of $23.25/share represents a nearly 50% premium to the last closing price and would value SunPower at $2.3...

Jefferies & Company has raised the price target on SunPower (NASDAQ: SPWRA) from $22 to $26 and maintains its Buy rating.

Hapoalim is out with its report today on Italy's decision to "overhaul" its solar subsidy program. In a note to clients, Hapoalim writes, "Though subject to change, Italy's draft legislation to overhaul its solar subsidy program sheds light on Italy's impact on 2H11/2012 industry demand and...

Wedbush is out with its report today on SunPower (NASDAQ: SPWRA), maintaining Underperform. In a note to clients, Wedbush writes, "We remain cautious on SunPower shares given the company's cost structure relative to industry peers. While we expect SunPower may continue to enjoy its first-mover...

Hapoalim Securities is maintaining its Hold rating on shares of SunPower Corporation (NASDAQ: SPWRA). “Though disclosures in its 2010 10K offered nothing to alter our thesis on SPWRA, it offered some useful insight into (1) the extent to which non‐module components drive revenue, (2) coming cash...