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Northland Securities Keeps Their Buy Rating on SunPower Inc (SPWR)

Tipranks - Tipranks - Thu Apr 16, 8:22AM CDT

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

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According to TipRanks, Richard is a 5-star analyst with an average return of 21.0% and a 57.89% success rate. Richard covers the Technology sector, focusing on stocks such as Intel, SunPower Inc, and Enphase Energy.

Currently, the analyst consensus on SunPower Inc is a Moderate Buy with an average price target of $5.40.

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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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