SunPower (SPWR) +16.4% premarket after Lazard raises shares to Buy from Neutral with an $11...

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

SunPower (SPWR) +16.4% premarket after Lazard raises shares to Buy from Neutral with an $11 price target, saying investors are overlooking the stock that has "strong sales visibility" and the ability to turn in "healthy returns despite a highly competitive solar market." SPWR also enjoys a boost from the $2B-$2.5B sale of its California solar development to MidAmerican Renewables.