MORGAN STANLEY MAINTAINED ITS EW RATING ON SUNPOWER
http://www.zacks.com/research/get_news.php?id=316l2960 Nov 12, 2010 (SmarTrend News Watch via COMTEX) -- Morgan Stanley maintained its equal-weight rating on SunPower Corp. (NASDAQ:SPWRA) and said that it reported its first solid quarter in the past year, which shows progress on projects and costs. The bank sees 2010 EPS of $0.79 and 2011 EPS of $1.10.
SunPower Corporation is an integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies.
SunPower has a potential upside of 19.2% based on a current price of $14.11 and an average consensus analyst price target of $16.82.
SunPower is currently above its 50-day moving average (MA) of $13.36 and should find resistance at its 200-day MA of $15.05.
In the last five trading sessions, the 50-day MA has climbed 2.66% while the 200-day MA has slid 1.13%.