Why SunPower Corporation's Shares Popped 16% Today
Shares of SunPower Corporation (NASDAQ: SPWR) jumped as much as 15.7% in trading Monday after getting a big upgrade from an analyst at Baird. At 1:55 p.m. EST, shares were still up 12.3%, and a few positive trends could keep shares moving higher.
Baird analyst Ben Kallo upgraded shares of SunPower from neutral to outperform and increased his price target by $3 to $10 per share. He indicated that a ramp-up in P-Series production and the sale of 8point3 Energy Partners (NASDAQ: CAFD) could drive shares higher.
Image source: SunPower.
Source: Fool.com
Sunpower Corp. Stock
€0.77
-12.730%
Currently there is a rather negative sentiment for Sunpower Corp. with 9 Buy predictions and 19 Sell predictions..
On the other hand, the target price of 6 € is above the current price of 0.77 € for Sunpower Corp., so the potential is actually 682.37%.
