Solar Upgrades

Deutsche Bank upgraded shares of SunPower (NASDAQ:SPWRA) from Hold to Buy on valuation. While the firm was disappointed with third quarter margins, they feel fourth quarter numbers will grow as factory utilization improves. With the upgrade, the firm set a price target of $31 per share and set 2011 EPS estimates at $2.30 per share.

Labels: Earnings, Solar Stocks, SPWRA, SunPower Corp

posted by Ertai at 11:31 AM