Mizuho Downgrades SunPower to Underperform, Lowers Price Target to $0.5
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Maheep Mandloi has downgraded SunPower (NASDAQ:SPWR) from Neutral to Underperform and significantly lowered the price target from $4 to $0.5.
July 19, 2024 | 3:39 pm
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Mizuho analyst Maheep Mandloi downgraded SunPower from Neutral to Underperform and reduced the price target from $4 to $0.5, indicating a negative outlook for the stock.
The downgrade from Neutral to Underperform and the drastic reduction in the price target from $4 to $0.5 by Mizuho suggests a very negative outlook for SunPower. This is likely to result in a significant short-term decline in the stock price as investors react to the bearish sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100