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Fly News Breaks for February 13, 2020
SPWR
Feb 13, 2020 | 14:30 EDT
Roth Capital analyst Philip Shen maintained a Neutral rating and $9 price target on SunPower (SPWR) following the company's "mixed" Q4 earnings results, which had in-line revenue, higher than consensus non-GAAP EPS, and lower than consensus adjusted EBITDA. The analyst noted that management sees SunPower's SPES DG business doing well "with strong 2020 growth ahead." Shen also said that investors are focused on the company's $400M of convertible bonds due June 2021, which he believes the company can pay down, assuming management closes on the Maxeon raise/spin-off.
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