Collins Stewart's Dan Ries is cutting SunPower's (SPWRA) Class A shares to Sell, claiming their...

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

Collins Stewart's Dan Ries is cutting SunPower's (SPWRA) Class A shares to Sell, claiming their 35% premium relative to Class B shares (SPWRB) is excessive. With 60% stockholder Total (TOT) claiming it will collapse the two share classes into one, Ries thinks the premium will have to narrow.