|Bid||18.00 x 900|
|Ask||18.16 x 1100|
|Day's Range||17.85 - 18.59|
|52 Week Range||12.78 - 28.42|
|Beta (5Y Monthly)||1.73|
|PE Ratio (TTM)||7.32|
|Earnings Date||Feb 15, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.73|
Today, SunPower Corp. (NASDAQ: SPWR), a leading residential solar technology and energy services provider, announced three new customers in its multifamily solar business, underscoring the company's progress toward making it easier for developers to adopt solar while passing along energy savings to tenants. This enables both developers and renters to realize the economic benefits of renewable energy.
SolarEdge (SEDG) reveals that its Energy Storage division commences the shipping of its new battery cells manufactured at a new facility in South Korea, Sella 2.
Shares of residential solar company SunPower (NASDAQ: SPWR) have fallen 84% from their early-2021 high as investors sell both growth stocks and companies that benefit from low interest rates. It hasn't helped that the company is in energy, which fared well over that time because solar energy stocks trade more like growth stocks. As part of the Inflation Reduction Act (IRA) passed in 2022, there were a number of solar incentives, including increased tax incentives for residential solar installations.