SunPower shares are trading lower after Guggenheim downgraded the stock from Neutral to Sell and announced a $1 price target.
Portfolio Pulse from Benzinga Newsdesk
SunPower's stock trades lower following a downgrade by Guggenheim from Neutral to Sell, with a new price target set at $1.

February 16, 2024 | 5:13 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SunPower's stock is expected to face downward pressure in the short term due to Guggenheim's downgrade from Neutral to Sell and a low price target of $1.
Analyst ratings, especially downgrades, can significantly impact a stock's short-term performance. Guggenheim's downgrade to Sell and setting a price target of $1, which is substantially lower than its current trading price, suggests a bearish outlook on SunPower. This negative sentiment is likely to influence investor perception and could lead to a decrease in stock price as market participants adjust their positions in response to the new rating and price target.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100