SunPower Stock Hit A New 52-Week Low - What's Going On?

SunPower Corporation SPWR shares are trading lower on Wednesday, and the stock hit a new 52-week low of $5.23 per share.

What To Know:

On Wednesday,Truist Securities analyst Jordan Levy maintained SunPower with a Hold rating and lowered the price target from $10 to $6.

Shares are SPWR are down more than 15% over the last five days and 27% for the month.

SunPower will release its third-quarter financial reports on Nov. 1 before the market open and will host a conference call to dicuss the results at 8:00 a.m. ET.  According to estimates from Benzinga Pro, SunPower is expected to report earnings of 1 cent per share and revenue of $458.67 million for the quarter.

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SPWR Price Action: According to Benzinga Pro, SunPower shares are trading 1.65% lower at $5.38 at the time of publication.

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