SPWR TOT has 66% stake in the company...I did not know that Citi has $16 price target on it.
"SunPower has a number of positive catalysts, including greater
investor interest in solar energy stocks and the expansion of third
party financing for solar energy companies, the analyst stated in a note
to investors earlier today. Moreover, SunPower's joint venture in Japan
should generate significant growth and it is well-positioned to win a
sizable share of new projects in the Middle East, which is expected to
become a major player in solar energy, Pourreza contends. Finally,
Total's (TOT) 66% stake in SunPower puts a floor under the stock and
SunPower should benefit from its diverse product pipeline, added the
analyst. Pourreza's price target on the shares was increased to $16 from
$12 and the analyst maintained a Buy rating on the stock"