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SunPower: Three Analysts Slash ’09 Estimates; Earnings Thursday

in News on January 27, 2009 at 10:54 am PT

With SunPower set to report earnings on Thursday after the close, solar analysts have taken a fresh look at the company this morning–and at least three of them did not like what they saw. Analysts at Friedman Billings Ramsey, Thomas Weisel Partners and Pacific Crest all had words of warning this morning for investors in the stock, sharply reducing their forecasts for 2009.