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Why SunPower Stock Popped 10% on Wednesday

TheMotleyFool

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Why SunPower Stock Popped 10% on Wednesday

Shares of solar power company SunPower (NASDAQ: SPWR) exploded higher on Wednesday, rising 10.1% through 2:30 p.m. ET.

You can thank Raymond James for that.

Bright and early Wednesday morning, Raymond James upgraded SunPower stock from outperform (i.e., buy) to strong buy (i.e., buy it now), and maintained its $21 price target to the $10.50 stock, implying this stock could literally double off of its current share price.

Source Fool.com