SunPower Stock's Short Squeeze Rally Dims

SunPower Corporation (NASDAQ:SPWR) stock's short squeeze appears to finally be ending, amid the reignited meme stock craze. The shares are down 27.1% at $3.20 at last glance, after rising roughly 80% over the last two sessions. Today's drop comes after Wolfe Research downgraded the stock to "underperform" from "peer perform," with a price target of$ 2. The $3 level, a familiar line of pressure and support since the start of the year, appears to be capturing today's pullback. Since the start of 2024, the Su ...