Why SunPower Stock Plummeted by 10% on Thursday
SunPower(SPWR) The Motley Fool·2024-01-05 07:26
After enjoying a pleasant pop in its share price at the end of 2023, solar company SunPower (SPWR -10.00%) is experiencing a dimmer 2024. Its share price cratered by 10% on Thursday after an analyst downgraded his rating on the stock. That decline was far steeper than the S&P 500 index's 0.3% dip for the session.Yet another bearish take on SunPowerWell before the market opened, Raymond James Financial's Pavel Molchanov changed his recommendation on SunPower stock to market perform -- hold, in other words -- ...