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Fly News Breaks for November 17, 2016
SPWR
Nov 17, 2016 | 07:44 EDT
As reported previously, Baird analyst Ben Kallo downgraded SunPower to Neutral from Outperform, saying he underestimated the extent and duration of the solar market oversupply. He believes the industry fundamentals will continue to deteriorate and remain in a glut for at least four quarters. Kallo lowered his price target to $7 from $12 on SunPower shares.