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Actionable news in SPWR: SunPower Corporation,

Raymond James' Molchanov to CNBC: 'The Market Has It Wrong,' Regarding SunPower (SPWR)

NEW YORK (TheStreet) --Shares of SunPower (SPWR) were plummeting 29.67% to $10.40 in afternoon trading on Wednesday. Despite the stock's plunge today Raymond James analystPavel Molchanov has placed an "outperform" rating on the stock and insists this is a great time to buy shares.

Molchanov joined CNBC's "Power Lunch" Wednesday afternoon to explain why he says "this is the worst time to be selling this stock."

He began by addressing the management team at SunPower. Molchanoy assured investors they do not have a...