SPWR - SunPower Corporation
14.35 -0.06 (-0.42%)
After hours: 7:05PM EDT
| Previous Close | 14.50 |
| Open | 14.51 |
| Bid | 14.18 x 1000 |
| Ask | 14.40 x 1100 |
| Day's Range | 14.08 - 14.77 |
| 52 Week Range | 4.55 - 16.04 |
| Volume | 2,794,158 |
| Avg. Volume | 3,124,281 |
| Market Cap | 2.054B |
| Beta (3Y Monthly) | 2.24 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.53 |
| Earnings Date | Oct 28, 2019 - Nov 1, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 11.33 |
- Investor's Business Daily Video
SPWR Soars
Solar stocks had a big day. After finding support at its 50-day line Monday, SunPower skyrocketed. Investors could have bought the bounce off the 50-day//breaking downtrend. But it's also in a consolidation with a 16.14 buy point. SPWR was added to SwingTrader, SEDG to Leaderboard. FSLR also jumps from 50-day line, working on buy point.
- Benzinga
2 Solar Stocks Among Our Top Charts To Watch
Solar stocks rallied Tuesday amid instability over Mid-East oil, with two of them among our top charts to watch. First Solar, Inc . (NASDAQ: FSLR ) jumped $2.38 to $65.82 on 1.5 million shares, or 1 1/2 ...
- PR Newswire
SunPower Offers Energy Independence with Equinox® Storage
SAN JOSE, Calif., Sept. 18, 2019 /PRNewswire/ -- SunPower (SPWR) today introduced Equinox Storage, the next major advancement in the company's Equinox energy platform, giving homeowners more freedom from utility outages, grid uncertainty, and peak energy rates. Homeowners with Equinox Storage can choose to store energy for full- or partial-home backup during blackouts, reduce daily peak electricity consumption, or any combination that best fits their needs.
- InvestorPlace
What Happened After Walmart Sued Tesla
Two weeks ago, Walmart (NYSE:WMT) sued Tesla (NASDAQ:TSLA).Source: fotomak / Shutterstock.com The complaint, filed in New York state court, accuses Elon Musk's company of "widespread, systemic negligence" that caused Tesla's solar panel systems to spark fires at "no fewer than seven Walmart stores."The lawsuit may not inflict much direct economic harm on Tesla, but the company's reputation could suffer a serious blow from the fact that its giant corporate customers are litigating and griping.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShortly after Walmart filed suit, for example, Amazon (NASDAQ:AMZN) complained that a blaze on the roof of one of its Southern California warehouses also involved a Tesla solar panel system. Tesla called it "an isolated incident."Unfortunately for Tesla, these "isolated incidents" are piling up like kindling around a funeral pyre. Tesla's Trouble Could Benefit SunPowerAccording to the Better Business Bureau, Tesla takes the grand prize for most customer complaints per solar megawatt installed. During the last year, the Bureau received an average of 20 customer complaints per 10 megawatts of solar capacity installed by Tesla. * 7 Discount Retail Stocks to Buy for a Recession That number of complaints was more than seven times the number of complaints about SunPower (NASDAQ:SPWR).Not surprisingly, as customer lawsuits and complaints accumulate around Tesla, its growth trajectory is atrophying. Even prior to the Walmart lawsuit, Tesla's solar operations had been losing market share and gaining negative press. In fact, Tesla's solar installations have been trending lower for several years, even though the total volume of U.S. solar installations has been growing.Meanwhile, the company's more well-known electric vehicle business is also facing a series of setbacks and skeptics. Tesla stock is down 35.1% over the past two years.Against this backdrop of dwindling installations, the Walmart lawsuit is unwelcome news for Tesla. Walmart has been a major customer. It has leased roof space at 240 stores to Tesla to install and operate solar systems.Clearly, Tesla will not be signing up a 241st Walmart rooftop any time soon. On the contrary, Walmart is already signing new installation agreements with alternative solar system providers … including SunPower.I recommended SunPower stock to my subscribers in the July issue of my newsletter, Fry's Investment Report -- and those shares have already made peak gains of better than 30%.It is probably no coincidence that Walmart struck a new installation contract with SPWR stock last year, soon after Tesla's solar panels began detonating on the retailer's rooftops. Specifically, Walmart contracted with SunPower to install solar systems at 21 sites in Illinois -- 19 stores and two distribution centers.Contract "wins" like these are a big part of the reason why SunPower's solar deployments are ramping up so significantly. SunPower stock is already the No. 1 provider of solar systems to U.S. commercial and industrial customers like Walmart and Target (NYSE:TGT).In other words, Tesla's troubles in the solar industry can be nothing but good news for SPWR stock - and the Fry's Investment Report portfolio.Along with Tesla there are a lot of companies out there jumping on the solar bandwagon, and there is clearly a lot of investing potential here.The International Energy Agency (IEA) anticipates global spending on solar power to total $4 trillion over the next two decades -- or about $180 billion per year.But it's all about finding the right companies that offer significant long-term potential.That's why I've released an "all solar" edition of Fry's Investment Report.In it, besides SPWR stock, I share other recommendations to get investors in on this technology's profit ground floor. And I've packed it full of other research laying out my case for solar's blindingly bright future.To learn more, I strongly suggest you go here to find out how to join Fry's Investment Report.Eric Fry is a 30-year international finance expert, former hedge fund manager, and InvestorPlace's resident expert on global investment trends. He founded his own investment management firm and served as a partner several others. One of the few analysts who predicted the last big market crash, in 2007-'08, Eric showed his readers how to profit off of companies that eventually went bust. His readers could have walked away with gains like 1,415% on Countrywide Financial, 4,408% on Fannie Mae, and even 6,425% on Freddie Mac. With Fry's Investment Report, Eric's goal is to track the world's biggest macroeconomic and geopolitical events - and help investors make big gains from those emerging opportunities. Click here to learn more. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post What Happened After Walmart Sued Tesla appeared first on InvestorPlace.
- Zacks
SunPower to Install Solar Solutions in Sony Pictures' Studio
SunPower's (SPWR) solar solutions to be installed in a 1.6-megawatt solar project, which will be constructed at Sony Pictures' studio in Culver City.
- PR Newswire
Sony Pictures Entertainment Puts Solar Centerstage with 1.6-Megawatt Project Planned for Legendary Studio Lot in Culver City
Industry-Leading SunPower® Solar Rooftop Systems Will Deliver Reliable, Clean Electricity to the Studio While Supporting Sony Pictures Entertainment's Sustainability Goals SAN JOSE, Calif. , Sept. 11, ...
- Zacks
SunPower (SPWR) Outpaces Stock Market Gains: What You Should Know
SunPower (SPWR) closed at $12.29 in the latest trading session, marking a +0.08% move from the prior day.
- Investor's Business Daily
When To Sell Top Stocks: Take Profits When True Market Leaders Stage Big Downside Reversals
SunPower in 2007, Regeneron Pharmaceuticals in 2015, and Randgold in 2016 both triggered a signal on when to sell top stocks: a sharp reversal to the downside in unusually heavy volume.
- Market Realist
Where Could First Solar Stock Go from Here?
Almost all the solar stocks have had a fantastic run so far this year, and First Solar (FSLR) is no exception. FSLR stock is up more than 45% year-to-date.
- PR Newswire
SunPower Design Studio Enables Millions of Future Solar Homeowners to Create Custom Solar Designs Instantly
SAN JOSE, Calif., Sept. 9, 2019 /PRNewswire/ -- Following the introduction of Instant Design at Google Cloud Next '19, SunPower (SPWR) today launched its Design Studio, a web application that combines Instant Design technology, Google Cloud, and Google Sunroof data to deliver customizable home solar designs in seconds. Starting today, SunPower Design Studio gives U.S. homeowners the power to create their own solar system design automatically. In less than 30 seconds, SunPower Design Studio provides a panel layout based on the home's unique roof, shading, and energy potential.
- Zacks
Should IQ Chaikin U.S. Small Cap ETF (CSML) Be on Your Investing Radar?
Style Box ETF report for CSML
- Motley Fool
3 Top Renewable Energy Stocks to Buy Right Now
These wind and solar power companies seem poised to outperform.
- Zacks
5 Sector ETFs Surviving August Turmoil
We have highlighted four sector ETFs that have gained handsomely in August and could be better plays in the months ahead, provided the same trends prevail.
- Zacks
JinkoSolar Holding (JKS) to Report Q2 Earnings: What's Up?
JinkoSolar's (JKS) Q2 results are likely to reflect solid shipment figures. However, higher shipment costs might mar quarterly earnings.
- Market Realist
First Solar Stock Looks Strong Compared to Its Peers
First Solar (FSLR) stock fell more than 10% from its 52-week high early this month. In a strong solar environment, FSLR stock has gained more than 45% YTD.
- Zacks
The Hottest ETFs of 2019
Solar and clean energy ETFs are among the top performing ETFs this year. We discuss why and what lies ahead.
- Zacks
Canadian Solar Inks O&M Deal for Solar PV Plants in Australia
Canadian Solar (CSIQ) secures deal to conduct plant monitoring, performance management, and preventative and corrective maintenance in the solar farms.
- InvestorPlace
Tesla Stock Needs to Start Trading Like a Car Stock
Tesla (NASDAQ:TSLA) is finally a real car company. And Tesla stock will be in trouble until it starts trading like it.Source: Ivan Marc / Shutterstock.com Tesla delivered 95,356 cars during the second quarter and expects to deliver 400,000 for the year. Right now, TSLA has 15% of the U.S. luxury car market. Once its Shanghai factory ramps up, production will rise another 150,000 per year.When all this was a glint in Elon Musk's eye, five years ago, Tesla shares sold for $259 each. They open August 21 at $225.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential Tesla stock is finally being valued as a real car company. Even profitable car companies like General Motors (NYSE:GM), are worth just a small percentage of their sales. Tesla is still valued at twice its 2018 revenue.The result has been a great year for Tesla stock shorts. At the end of July almost 40 million Tesla shares were being borrowed and sold short. Tesla has 172 million shares outstanding. Tesla's Solar FailFor investors, Tesla is strictly a car company. Total revenue from its batteries and solar panels represent just 7% of revenue. The batteries are doing great, especially as back-up power for commercial utilities. The solar panels are doing horribly.Tesla paid $2.6 billion to get into this business in 2016, buying SolarCity -- from his cousins. At the time, SolarCity was the U.S. leader in residential solar. Now it's fourth, behind Sunrun (NASDAQ:RUN), Vivint Solar (NASDAQ:VLSR) and SunPower (NASDAQ:SPWR).Tesla is trying to juice up its market share with a rental program, starting at $50 per month for a 3.8 Mw system. The program is being offered in six states. It may do well in Connecticut, where electricity costs $23.35 per megawatt hour. It may do poorly in New Mexico where the cost is $12.21 per megawatt hour.There are also "gotchas" that make this look more like an old-fashioned solar lease than a true rental, like a $1,500 charge to remove the panels. The quality may also be suspicious. Walmart (NYSE:WMT) is suing Tesla because panels on 7 of its stores caught fire. It wants Tesla to remove panels from 240 stores and pay damages. Tesla stock's Remaining BullsThere remain Tesla bulls, like investor Ron Baron. He says 90 million cars are sold each year, meaning there's still a huge addressable market. He says Tesla's production costs are declining, and other carmakers are still slow-walking the move to electrics.In markets that love Tesla, people really love Tesla. The Tesla Model 3 now has 46% of the near-luxury car market in California. In Norway Tesla has 70% of the electric market and diesel vehicle sales are down 95%. Tesla's "secret master plan" from 2009 is working. Money from the high-end Tesla Roadster has gone into mass production of less-expensive models with a larger market. A pick-up truck and semi-trailer are on the way. People can, in theory, power their homes with Tesla solar cells and batteries.But Tesla is still bleeding cash. Even after cutting its research and capital spending to industry norms, it lost $167 million on operations in the second quarter, a net loss under GAAP of $2.31 per share. It needs to increase that research budget to bring out promised new models, and it needs to increase capital spending to scale production. The Bottom Line for TeslaTesla is changing the world but, like those solar companies mentioned earlier, it's not making a ton of money while doing it.Tesla may turn a small profit later this year because it has cut spending and is ramping up production. But it will be a small profit. To justify its $40.4 billion market cap, it must at some point make a large profit. * The 10 Best Marijuana Stocks to Buy Now It's nowhere near that, which is why the bears and shorts are having their day with it. At this point, Tesla stock would be better off trading like a car stock.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Tesla Stock Needs to Start Trading Like a Car Stock appeared first on InvestorPlace.
Motley FoolWhere Will SunPower Be in 5 Years?
SunPower is charting a path to growth, but will it work?
- Zacks
Canadian Solar (CSIQ) Q2 Earnings Top, '19 Shipment View Up
Canadian Solar (CSIQ) posts better-than-expected results for second-quarter 2019. Additionally, the company raises its full-year shipment view.
- Motley Fool
Why France Is SunPower's Secret Weapon
The U.S.-based solar panel manufacturer benefits there from its alliance with its majority-owner, French energy giant Total.
- GlobeNewswire
Advanced Fan-out Technology Breakthrough: Deca Technologies’ M-Series™ Identified in Samsung S10, Xiaomi Mi 9 and LG G8 Handsets
TEMPE, Ariz., Aug. 14, 2019 -- Deca Technologies, a wafer-level electronic interconnect solutions provider to the semiconductor industry, today announced that Industry.
- InvestorPlace
3 Solar Stocks to Buy for a New Day in Solar Energy
Editor's note: This story was previously published in June 2019. It has since been updated and republished.The fourth-quarter results of three solar energy companies -- Jinko Solar (NYSE:JKS), SunPower (NASDAQ:SPWR), and Daqo New Energy (NYSE:DQ), show that they benefited from multiple, powerful positive catalysts in Q4.These positive catalysts have helped push these solar stocks higher so far this year. In 2019, JKS stock has soared 77%, SPWR stock and DQ stock have each gained about 50%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, the companies' results and guidance indicate that their stocks should continue to advance as the ongoing, upbeat trends strengthen this year, boosting solar stocks.Among these many trends are stabilizing selling prices of solar energy products, continued decreases in the production costs of these products, stabilizing demand in China, the advent of cheaper batteries and higher-margin solar products, powerful demand drivers in the U.S. and demand increases in developing markets. * 10 Stocks That Should Be Every Young Investor's First Choice In light of these powerful, positive trends, investors should buy Jinko Solar stock, SunPower stock, and Daqo New Energy stock.Meanwhile, the valuations of all three solar stocks remain extraordinarily low, making their overall outlook extremely attractive. Jinko Solar (JKS)Q1, Jinko's revenue dropped 30% sequentially but still was up nearly 20% year-over-year. Its gross margin rose to 16.6%, excluding payments from Chinese governments, up from 14.7% in Q4. Q2 numbers are slated for release Aug. 30 and it has added more than 78% YTD.Source: Shutterstock Going forward, Jinko expects to benefit from new Chinese subsidies for both utility and residential projects. Additionally, the company is optimistic that Beijing will make more of its subsidy payments on time than in the past.And in comparison with the past, a higher percentage of solar projects in China will be cheaper than other types of energy, such as coal and natural gas, without subsidies JKS added.In the U.S., JinkoSolar is experiencing strong demand because of a recently extended 30% investment tax credit for solar projects. In order to qualify for the tax credit, projects must be launched by 2020, so developers are looking to get their projects off the ground quickly, JKS reported.The company is also seeing strong demand from Europe and developing countries in Southeast Asia, the Middle East, and South America. Given all of the strong demand and supportive government policies, JKS expects to ship 30% more modules this year than in 2018.And importantly, due partly to the strong demand for its premium solar products, JKS expects its average selling prices to be stable this year. A 30% increase in module sales, along with flat average sales prices, should produce very good results for JKS in 2019, leading to continued gains for JKS stock. SunPower (SPWR)SunPower's Q1 results were mostly weaker compared with the same period a year earlier, but they were generally much better than the company's Q4 earnings. This year's Q2 earnings were a huge disappointment, though.Source: via SunPowerOn the upside, SPWR identified multiple, strong positive catalysts that should boost the company's results and SPWR stock in the near, medium and longer terms.SPWR's Q2 revenue was $436.3 million, versus $449.1 million during the same period a year earlier. Its net loss per share of SunPower stock came in at $0.42, versus $0.01 a year earlier.SPWR expects positive trends to continue, driven by share gains in houses and businesses as it produces more lower-cost solar panels. Also likely to help SPWR stock a great deal going forward is the California mandate that all new homes include solar energy panels.This is especially true since the company is by far the market share leader in that state. Finally, SPWR expects to benefit over the longer term from selling its energy-storage solutions and other services to new and existing clients. * 7 Retail Stocks to Buy That Are Down in 2019 In the second half of 2019, SPWR expects to report break-even operating cash flow, and it says that it will be well-positioned "for sustainable future profits" heading into 2020. Daqo New Energy (DQ)Daqo's Q2 results weren't anything to write home about with misses on both revenue projections and earnings expectations.Source: Shutterstock Daqo's Q2 revenue was $65.96 million which missed estimates by more than 5%.DQ expects to sell a higher percentage of premium products this year, and it anticipates that strong demand, driven by more favorable Chinese policies, cheaper solar module prices, and powerful overseas demand, will help keep the selling prices of its polysilicon little changed.Additionally, DQ says that many of its competitors whose production prices are not as low are being pushed out of business, keeping supply expansion under control. So DQ and DQ stock, like JKS, is benefiting from the combination of lower production prices, stable prices, and strengthening demand.As of this writing, Larry Ramer owned shares of JKS stock, SPWR stock, and DQ stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back The post 3 Solar Stocks to Buy for a New Day in Solar Energy appeared first on InvestorPlace.
- Simply Wall St.
Why SunPower Corporation's (NASDAQ:SPWR) CEO Pay Matters To You
Tom Werner became the CEO of SunPower Corporation (NASDAQ:SPWR) in 2003. This analysis aims first to contrast CEO...
