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Sunpower Corporation (SPWR) [hlAlert]

down 14.25 %

Sunpower Corporation (SPWRA) downgraded to Underperform by Needham

Posted on: Wednesday,  Jun 8, 2011  8:25 AM ET by Needham

Needham rated Underperform Sunpower Corporation (NASDAQ: SPWR) on 06/08/2011. Previously Needham rated Buy Sunpower Corporation (NASDAQ: SPWR) on 12/17/2009., when
the stock price was $24.34. Since then, Sunpower Corporation has lost 14.26% as of 06/08/2011's recent price of $20.87.
If you would have followed the previous Needham's recommendation on SPWR, you would have lost 14.25% of your investment in 538 days.

SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies. The Company operates through two segments: components segment and systems segment. Its subsidiary is PowerLight Corporation, which developed, engineered, manufactured and delivered large-scale solar power systems. These activities are performed by its systems business segment, or systems segment. On January 8, 2008, the Company acquired Solar Solutions.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/8/2011 8:25 AM Sell
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/17/2009 8:25 AM Buy
24.34 32.00
7/20/2007 9:25 AM Buy

(*) Stock Price at the time of the recommendation.
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