SunPower Stock Hit A New 52-Week Low - What's Going On?
Portfolio Pulse from Erica Kollmann
SunPower Corporation's shares hit a new 52-week low of $5.23 per share. Truist Securities analyst Jordan Levy maintained a Hold rating for the company and lowered the price target from $10 to $6. SunPower's shares have fallen more than 15% over the last five days and 27% for the month. The company is expected to release its third-quarter financial reports on Nov. 1.
October 04, 2023 | 5:02 pm
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SunPower's shares hit a new 52-week low, with a significant drop over the last month. The lowered price target by Truist Securities could further impact investor sentiment.
The news directly pertains to SunPower Corporation and its stock performance. The lowered price target by Truist Securities indicates a bearish outlook, which could negatively impact the stock price in the short term. Additionally, the significant drop in share price over the last month suggests a negative market sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100