SUNPOWER GROUP increases its risk exposure and slightly lowers to Neutral
SUNPOWER GROUP (SG), a company active in the Industrial Machinery industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 2 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date August 10, 2021, the closing price was SGD 0.66 and its expected value was estimated at SGD 0.70.Sunpower Group is an investment holding company. Through its subsidiaries, Co. is principally engaged in the manufacture and sale of pressure vessels products; the design, manufacture and sale of pipe racks and hangers; the provision of installation and commissioning of relevant projects, and technical and consultation; and the manufacture and trading of heat pipes and heat pipe exchangers. Co.'s products consists of heat pipes and heat exchangers, pipe supports, waste gas and energy recovery systems and pressure vessels, which are used in petrochemical, steel and transportation industries. Most of Co.'s operations are carried out in the People's Republic of China.
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