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Northland Securities Sticks to Their Buy Rating for SunPower Inc (SPWR)

Tipranks - Tipranks - Sat Mar 28, 8:48AM CDT

Northland Securities analyst Gus Richard maintained a Buy rating on SunPower Inc today and set a price target of $5.40.

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Richard covers the Technology sector, focusing on stocks such as Synaptics, Enphase Energy, and Power Integrations. According to TipRanks, Richard has an average return of 20.6% and a 57.09% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SunPower Inc with a $5.40 average price target.

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Based on SunPower Inc’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $70.01 million and a GAAP net loss of $16.9 million. In comparison, last year the company earned a revenue of $5.54 million and had a GAAP net loss of $77.96 million

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