After a strong 2010, there seems to be little growth heading into 2011 for the solar sector, and that is reflected with SunPower (NASDAQ:SPWRA), which had their earnings per share and price target lowered on them from Jefferies, although they maintained their "Hold" rating.
Jefferies said, "SunPower is distinguished by highest efficiency modules, a strong brand, price premium, and growing project business that can mitigate module commoditization. We will be more constructive on the stock if the company can execute to improve its ROA with help from AUO and reduce its module cost structure."
Earnings were lowered for full year 2010 by $0.01 to $1.51, and for full year 2012 from $1.56 to $1.83.
SunPower closed down Monday at $12.29, losing $0.02, or 0.16 percent. Jefferies has a price target of $15 a share on them.
No comments:
Post a Comment