|Day Low/High||5.98 / 6.20|
|52 Wk Low/High||13.29 / 31.10|
The residential solar company said after the market closed Wednesday that it expects to post 325 megawatts of bookings in 2017.
Simplifies the SunPower Experience for Selling Partners and Residential Customers
Expected to be largest operating solar power plant in Oregon
The company's earnings beat was enough to excite investors after-market Tuesday, but didn't fly with analysts Wednesday, some of whom have downgraded the stock.
The solar company's initial guidance for the year ahead spooked investors.
Solar Electricity from 4.6 Megawatts of SunPower® Helix™ Systems Expected to Meet More than 85 Percent of District's Energy Needs
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in SunPower Corp , where a total volume of 13,551 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.2% of SPWR's average daily trading volume over the past month, of 2.5 million shares.
Shares of SunPower are down 70% over the past 12 months and on Wednesday, reported a deeper than expected loss of $0.64 a share, while analysts had expected $0.46.
The company's fourth quarter U.S. residential solar deployments grew 13% year-over-year, a promising sign by analysts' accounts.
These stocks can rally, but without much of a base pattern, I cannot get too excited about the upside right now.
Event to be Webcast at: http://investors.sunpower.com/events.cfm
Investors considering a purchase of SunPower Corp shares, but tentative about paying the going market price of $6.37/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $3 strike, which has a bid at the time of this writing of 38 cents.
It has never been cheaper to get free electricity from the sun.
The choices are many, so investors must pick with care.
A long period of base building lies ahead for this solar energy name.
By mid-century, solar energy is expected to produce more than 15% of the world's electricity.
While there are many reasons why insiders may sell a stock, there's really only one reason they purchase on the open market -- to make money.
3.9 Megawatts of SunPower® Helix™ Systems Expected to Save Millions in Electricity Costs Over 30 Years
Trump won't hurt renewable energy as much as Wall Street thinks, which makes these two small-cap solar stocks well-timed value plays.
Shares of these companies have been value destroyers
California Leads as the Nation's Top Solar and Agricultural Producing State
Both Off-Site Solar Plants Serve Customers Approximately 300 Miles Away