SunPower falls on JPMorgan downgrade

|About: SunPower Corporation (SPWR)|By:, SA News Editor

Arguing shares are fully valued following a 35% YTD run-up, JPMorgan has cut SunPower (SPWR -3.3%) to Neutral. Its PT is at $40.

Yesterday, SunPower took part in a a solar rally sparked by SolarCity and Yingli. Shares go for 23x 2015E EPS, and 1.8x 2015E sales.