|Day Low/High||13.09 / 13.61|
|52 Wk Low/High||4.55 / 16.04|
Investors eyeing a purchase of SunPower Corp shares, but cautious about paying the going market price of $6.93/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $5 strike, which has a bid at the time of this writing of 58 cents.
The solar stock was feeling the love Monday thanks to one unlikely ally: a bearish solar analyst at Axiom Capital.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
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.
The residential solar company said after the market closed Wednesday that it expects to post 325 megawatts of bookings in 2017.
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.
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.
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.
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
The S&P 500 and Dow Jones Industrial Average trade at session highs early Wednesday afternoon as a broad rally overshadows a slump in health care stocks.
The S&P 500 reverses an earlier loss to post small gains, trading at a new intraday record, thanks to broad gains across all sectors save for health care.
Stock futures fluctuate Wednesday morning as the Dow Jones Industrial Average attempts to hold near its record close set a day earlier.
Stocks are slightly lower on Tuesday as oil prices fall.
Markets and investors might not like uncertainty. Here's what to consider looking ahead to the next four years.
Renewable energy players took a beating in pre-market trading Wednesday, while fossil fuels focused companies, which are not expected to be widely affected by a Trump presidency, were also slipping.
Stocks close at session highs on Wednesday afternoon as financial, energy and health care stocks took the lead.
Stocks close at session highs on Wednesday as the idea of a Trump presidency settles in. Financial and health care sectors lead the market.
Stocks post solid gains Wednesday after plunging overnight following Donald Trump's surprising victory in the U.S. presidential race.
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