Analyst Ratings For SunPower
Portfolio Pulse from Benzinga Insights
SunPower (NASDAQ:SPWR) has received mixed analyst ratings over the past three months, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target for SPWR has been lowered by 30.23% to $4.5, with a high estimate of $6.00 and a low of $2.50. Analysts from firms including Goldman Sachs, Susquehanna, Wells Fargo, and others have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. SunPower's financials show a revenue decline of -9.59% for the quarter ending September 30, 2023, a net margin of -8.68%, an ROE of -8.31%, and an ROA of -2.47%, with a debt-to-equity ratio of 0.86.
January 22, 2024 | 1:00 pm
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NEGATIVE IMPACT
Analysts have a mixed outlook on SunPower, with recent downgrades and a significant reduction in the average price target. Financial challenges are evident with a revenue decline and high debt levels.
The bearish sentiment from analysts, indicated by downgrades and lowered price targets, is likely to negatively impact investor confidence in the short term. The reported revenue decline and high debt-to-equity ratio further contribute to potential concerns about the company's financial health, which could lead to a decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100