Why the Light Grew Dim for SunPower Stock Today
As the trading week kicked off on Monday, the market wasn't feeling the power of (NASDAQ: SPWR) stock. Shares of the solar company fell by more than 6%, due in no small part to a continuing series of analyst price target cuts. Investors would have been better off putting their money in blue chips that day, as the S 500 index ended in positive territory with a 0.2% gain.
November has been unkind to SunPower stockholders. The month started with the solar company posting a double miss on its third-quarter earnings. Following that, analysts reacted in the way they often do when a stock doesn't hit its numbers -- they lowered their price targets.
On Monday, yet another prognosticator joined the ranks of the cutters.
Source Fool.com
Sunpower Corp. Stock
€2.03
3.570%
Currently there is a rather negative sentiment for Sunpower Corp. with 9 Buy predictions and 13 Sell predictions..
On the other hand, the target price of 7 € is above the current price of 2.03 € for Sunpower Corp., so the potential is actually 245.25%.
