SunPower

Goldman Sachs is out with its report today on SunPower (NASDAQ: SPWRA), raising its PT from $15 to $16.50. In a note to clients, Goldman Sachs writes, "The company raised its 2011 outlook to 825-900 MW sold, $2.80-$2.95 bn in revenue, and $2.00-$2.20 non-GAAP EPS from 785-900 MW, $2.65-$2.85 bn...

JP Morgan is out with its report today on SunPower (NASDAQ: SPWRA), raising its PT from $13 to $14. In a note to clients, JP Morgan writes, "SunPower reported C4Q10 rev/EPS of $937mn/$1.19 vs. our ests of $929mn/$0.82. Higher GMs and other income were the primary drivers for the EPS beat. Opex of $...

JP Morgan has raised the price target on SunPower (NASDAQ: SPWRA) from $13 to $14 and maintains its Underweight rating.

Piper Jaffray is out with its report today on SunPower (NASDAQ: SPWRA), raising its PT from $20 to $22. In a note to clients, Piper Jaffray writes, "SPWRA turned in a beat and raise quarter at 4Q10, ratcheting up our confidence in 2011. 4Q10 revenue and non-GAAP EPS of $937m and $1.36 beat...

SunPower Corporation (NASDAQ: SPWRA) announced the sale of its 250mw California Valley Solar Ranch project to NRG Solar – a subsidiary of NRG Energy, Inc. (NYSE: NRG) – this week for an equity stake of $450M, representing 45% of total project cost of $1bn (~$4/watt), Piper Jaffray reports. “We...

Deutsche Bank has adjusted its 2011 estimates on SunPower (NASDAQ: SPWRA) following SPWRA's Analysts meeting. In a note to clients, Deutsche Bank writes, "We had updated our 2011 estimates after its 3Q10 earnings report where 2011 cell output estimate of ~930MWp was highlighted. Based on this...

Piper Jaffray is reiterating its SunPower Corporation (NASDAQ: SPWRA) OW rating and $20 price target on the back of a solid quarter and strong visibility into 2011. “SunPower is experiencing more demand than it can supply in both its Utility Power Plant (UPP), and Residential & Commercial (R...

Jefferies & Company is raising its price target on SunPower Corporation. (NASDAQ: SPWRA) from $13.00 to $15.00 a share. In its research report, Jefferies & Company writes, "We believe SPWRA will have higher than previously expected ASPs through 2011. Given that low cost Chinese competitors...

SunPower Corporation (NASDAQ: SPWRA) has had its "buy" rating and $25 price target maintained by Deutsche Bank, resulting from positively in-line 2Q results and unchanged guidance in 3Q. The company is leading on its expectations for 2011 to be a buyer's market, with double the current UPP...