Analysts Raise Price Target on SunPower, Still See Downside

The SunPower logo outside of its building in Austin, Texas, in April 2019. Google Maps/Screenshot via The Epoch Times

BofA analyst Julien Dumoulin-Smith upgraded SunPower Corp. to Neutral from Underperform with a price target of $23, up from $13 (3 percent downside).

The re-rating followed the company’s analyst day, which he said offered clarity on the growth trajectory.