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SunPower Corporation Message Board

  • lakers_w lakers_w Nov 12, 2010 12:17 PM Flag

    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%.

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