Fly News Breaks for August 12, 2016
SPWR
Aug 12, 2016 | 08:28 EDT
As previously reported, Morgan Stanley analyst Stephen Byrd downgraded SunPower to Equal Weight from Overweight and lowered its price target to $12 from $27. The analyst reduced EBITDA forecasts on SunPower's very weak outlook for the utility-scale market and thinks shares will struggle to outperform until it has visibility on future results and prove it can execute.
News For SPWR From the Last 2 Days