SunPower (SPWR -6.3%) heads into the close with a steep loss following a downgrade to Sell from...

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

SunPower (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.