SunPower Stock (SPWR): $27 Price Target From JPMorgan

By Amit Chowdhry ● Dec 10, 2021
  • The shares of SunPower Corporation (NASDAQ: SPWR) have received a $27 price target from JPMorgan. These are the details.

The shares of SunPower Corporation (NASDAQ: SPWR) have received a $27 price target from JPMorgan. And JPMorgan analyst Mark Strouse downgraded SunPower to an “Underweight” rating from a “Neutral” rating.

Strouse cited the valuation as the primary reason for the downgrade. And Strouse is looking for more visibility to support the expectations for EBITDA growth. 

With the stock trading near Strouse’s year-end 2022 price target, this downgrade is not a call to short the stock.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.