SunPower Corp. stock downgraded on meme trade concerns

Seana Smith and Julie Hyman

SunPower Corporation (SPWR) stock has been downgraded by Wolfe Research to Underperform from Peer Perform. The firm initiated this downgrade due to SunPower's being an "extreme" example of a stock benefiting from the resurgence of the meme trade.

Yahoo Finance's Seana Smith and Madison Mills break down the details.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith