Guggenheim Downgrades SunPower to Sell, Announces $1 Price Target
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Joseph Osha downgraded SunPower (NASDAQ:SPWR) from Neutral to Sell and set a price target of $1.

February 16, 2024 | 12:42 pm
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SunPower was downgraded from Neutral to Sell by Guggenheim analyst Joseph Osha, with a new price target of $1.
A downgrade from Neutral to Sell typically indicates a negative outlook on the stock's future performance. The setting of a $1 price target, significantly lower than its current market price, suggests a strong bearish stance by the analyst. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100