SunPower upgraded (SPWR)

SunPower Corp. (SPWR) was upgraded as is up 4% on the pre-market.

The whole sector seems to be going up an average of 1% on the pre-market, and the uptrend of these last sessions seems to keep going on.

NEW YORK -

Shares of SunPower Corp. rose in premarket trading Monday, after n analyst boosted his rating on the solar power products company, saying it will likely see better-than-expected demand across the globe.

Credit Suisse analyst Satya Kumar upgraded the San Jose, Calif., company to "Outperform" from "Neutral" and kept a $100 price target.

The new target implies he expects the stock to jump 29 percent in the next year over Friday's $77.75 close.

Forbes full article

Labels: SPWR, SunPower Corp

posted by Ertai at 8:59 AM