|Day Low/High||6.60 / 6.85|
|52 Wk Low/High||5.84 / 22.35|
The solar stock was feeling the love Monday thanks to one unlikely ally: a bearish solar analyst at Axiom Capital.
Expected to Be Largest Behind-the-Meter Solar Power System in Texas upon Completion
The company said Wednesday after markets closed it would review options for its stake in the solar yieldco, but analysts are concerned the company will fail to attract premium bids.
Company Leading the World with Sustainable Solar while Advancing the Industry toward a More Circular Economy
SunPower to Supply 31 Percent of Solar Projects Awarded
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.