This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks Insiders Love Right Now


Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
The last name to look at with some interesting insider buying is solar power player SunPower (SPWR - Get Report). This is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers. It looks like insiders are finding some value here since this stock is down 18% so far in 2012.

SunPower has a market cap of $602 million and an enterprise value of $945 million. This stock trades at a cheap valuation, with a forward price-to-earnings of 10.83. Its estimated growth rate for this year is -144.4%, and for next year it's pegged at 491.7%. This is not a cash-rich company, since the total cash position on its balance sheet is $302.14 million, and its total debt is $693.46 million.

The president just bought 20,013 shares, or about $99,000 worth of stock, at $4.95 per share.

From a technical perspective, SPWR is currently trading below both its 50-day 200-day moving averages, which is bearish. This stock has moved significantly lower in the past fourth months, with shares dropping from a high of $9.54 to a recent low of $4.51 a share. After hitting that low, the stock has started to find some buying interest, and it's now trading within range of a near-term breakout.

If you're bullish on SPWR, then I would look for long-biased trades once this stock breaks out above some near-term overhead resistance at $5.19 a share with high volume. Look for volume that's close to or above its three-month average volume of 1.1 million shares. If we get that move, then I would look to add to any long positions once SPWR takes out its 50-day at $5.45 and then some more resistance at $5.67 a share with volume. Target a spike back towards its next significant overhead resistance level at $7 or possibly its 200-day moving average of $7.45 a share.

I would simply avoid SPWR or look for short-biased trades if it fails to trigger that breakout, and then drops back below that recent low of $4.51 a share with high-volume. If we get that action, then SPWR would be acting very bearish technically since it will have printed a new 52-week low.

To see more stocks with notable insider buying, including Navistar (NAV), Yelp (YELP) and McDermott International (MDR), check out the Stocks With Big Insider Buying portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


Follow Stockpickr on Twitter and become a fan on Facebook.
At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
6 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
NSPH $0.64 0.00%
AKAM $50.76 0.00%
CRY $9.06 0.00%
RST $7.20 0.00%
SPWR $21.24 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs