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SunPower (SPWR -6.3%) heads into the close with a steep loss following a downgrade to Sell from...
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Monday, January 14, 3:52 PM ETSunPower (SPWR -6.3%) heads into the close with a steep loss following a downgrade to Sell from CLSA. The firm cites the solar module vendor/project developer's valuation and balance sheet - SunPower had $827M in debt as of Sep. 29, partly offset by $691M in cash/investments. The company announced after the close on Friday it would take a larger-than-expected restructuring charge.
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