SunPower (SPWRA) NewsBite - SPWRA Sinks on a Pair of Downgrades
Posted: Tuesday, November 17, 2009 10:11 AM EDT
By: Market Intelligence Center Staff
SunPower (NasdaqNM: SPWRA) opened at $22.97. So far today, the stock has hit a low of $22.00 and a high of $22.97. SPWRA is now trading at $22.39, down $4.80 (-17.65%). Over the last 52 weeks the stock has ranged from a low of $18.50 to a high of $46.30. SPWRA shares are falling this morning after analysts at FBR Capital Markets downgraded the stock to Market Perform from Outperform. Also this morning, Caris & Company reduced SPWRA to Below Average from Above Average. Both downgrades came in reaction to news that the company is investigating possible accounting errors from the first three quarters of 2009. Technical indicators for the stock are neutral and S&P gives SPWRA a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on SPWRA the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE SunPower (SPWRA) Stock ReportSee what our analysts have uncovered about SunPower (SPWRA).
More News For SunPower (SPWRA):
SunPower (SPWRA) Trading Near $8.29 Support Level
Wednesday, November 09, 2011... SunPower Corp (NASDAQ: SPWRA) closed Tuesday's trading session at $9.00. In the past year, the stock has hit a 52-week low of $6.60 and 52-week high......
http://www.marketintelligencecenter.com/analyfav/1313979
SunPower (SPWRA) Could Break Through $10.78 Resistance Level
Thursday, October 27, 2011... SunPower Corp (NASDAQ: SPWRA) closed Wednesday's trading session at $10.03. In the past year, the stock has hit a 52-week low of $6.60 and 52-week......
http://www.marketintelligencecenter.com/analyfav/1311264
SunPower (SPWRA) Could Break Through $11.93 Resistance Level
Wednesday, September 21, 2011... SunPower Corp (NASDAQ: SPWRA) closed Tuesday's trading session at $10.02. In the past year, the stock has hit a 52-week low of $9.90 and 52-week high......
http://www.marketintelligencecenter.com/analyfav/1302745
SunPower (SPWRA) Trading Near $12.70 Resistance Level
Thursday, September 15, 2011... SunPower (NASDAQ:SPWRA) closed Wednesday's dramatic trading session at $12.09. In the past year, the stock has hit a 52-week low of $11.55 and......
http://www.marketintelligencecenter.com/analyfav/1301367
SunPower (SPWRA) Up 4.4% After Being Upgraded By Auriga
Tuesday, September 13, 2011... SunPower (SPWRA) was upgraded today by analysts at Auriga and the stock is now at $12.51, up $.53 (4.42%) on volume of 841,219 shares traded. The......
http://www.marketintelligencecenter.com/newsbites/1300969
blog comments powered by