Truist Financial analyst Terry Tillman maintained a Hold rating on SunPower (SPWR – Research Report) today and set a price target of $3.16. The company’s shares closed last Friday at $3.18.
According to TipRanks, Tillman is a top 100 analyst with an average return of 19.0% and a 63.26% success rate. Tillman covers the Technology sector, focusing on stocks such as Shopify, Manhattan Associates, and SS&C Technologies Holdings.
In addition to Truist Financial, SunPower also received a Hold from Roth MKM’s Philip Shen in a report issued on February 20. However, on the same day, Barclays maintained a Sell rating on SunPower (NASDAQ: SPWR).
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Based on SunPower’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $430.69 million and a GAAP net loss of $37.36 million. In comparison, last year the company earned a revenue of $497.31 million and had a net profit of $30.15 million
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SunPower (SPWR) Company Description:
SunPower Corp. engages in the design, manufacture and deliver of solar panels and systems. It operates through the SunPower Energy Services and SunPower Technologies segments: The SunPower Energy Services Segment deals with the sales of solar energy solutions in the North America region including direct sales of turn-key engineering, procurement and construction. The SunPower Technologies Segment involves technology development, worldwide solar panel manufacturing operations, equipment supply to resellers, commercial and residential end-customers outside of North America. The company was founded by Thomas L. Dinwoodie, Robert Lorenzini and Richard M. Swanson in April 1985 and is headquartered in San Jose, CA.
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