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SunPower Corporation Message Board

  • citiccgirl citiccgirl Feb 28, 2013 11:09 AM Flag

    SPWR TOT has 66% stake in the company

    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"

    Sentiment: Strong Buy

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SPWR
27.03-1.36(-4.79%)Jul 31 4:00 PMEDT