Morgan Stanley Maintains Sunpower (SPWR) Equal-Weight Recommendation
Fintel reports that on September 6, 2023, Morgan Stanley maintained coverage of Sunpower (NASDAQ:SPWR) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 64.32% Upside
As of August 31, 2023, the average one-year price target for Sunpower is 11.01. The forecasts range from a low of 6.72 to a high of $17.85. The average price target represents an increase of 64.32% from its latest reported closing price of 6.70.
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The projected annual revenue for Sunpower is 2,040MM, an increase of 8.64%. The projected annual non-GAAP EPS is 0.64.
What is the Fund Sentiment?
There are 497 funds or institutions reporting positions in Sunpower. This is a decrease of 57 owner(s) or 10.29% in the last quarter. Average portfolio weight of all funds dedicated to SPWR is 0.08%, a decrease of 16.44%. Total shares owned by institutions increased in the last three months by 19.36% to 87,047K shares. The put/call ratio of SPWR is 0.69, indicating a bullish outlook.