|Bid||7.93 x 1000|
|Ask||7.94 x 1800|
|Day's Range||7.60 - 8.11|
|52 Week Range||6.36 - 10.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.12|
The trade war between the U.S. and China continues to escalate, with Beijing set to impose tariffs on $60 billion in U.S. imports in response to the Trump administrations' new set of tariffs on $200 billion in Chinese imports. Despite the mounting pressure on companies in the world's two largest economies, some firms and their products appear to be safe.
SunPower Corporation (NASDAQ: SPWR ) shares jumped about 15 percent Tuesday after the company announced that certain interdigitated back contract solar cells and modules will be exempted from solar tariffs ...
If steep tariffs on goods imported into the United States are only part of a negotiating tactic from President Donald Trump, he certainly has committed to his bluff. Trump's tariffs - the first of which went into effect in early July and prompted an immediate, equivalent response from America's trade partners, including China - have been left in place long enough to start taking a measurable toll on American bottom lines. Most consumers and even most investors have yet to see or feel their impact. Despite the relatively civil trade war thus far, the global economy is robust, driving overall corporate earnings upward. Workers are enjoying their recent pay raises. Time is working against certain businesses, however. The ripple effect stemming from the initial victims' struggle could take weeks if not months to be fully felt on other fronts. And new tariffs are being imposed. It will take weeks and/or months to feel their full impact as well, even as those outfits start to feel the early ripples. Still, more than a few major publicly traded stocks have already taken hits related to Trump's tariffs (and other countries' retaliatory measures). Here are 10 companies that already have run into trade-war headwinds. SEE ALSO: The Best and Worst Presidents (According to the Stock Market)
NEW YORK, NY / ACCESSWIRE / September 19, 2018 / U.S. markets closed up Tuesday on the strength of upbeat corporate earnings and strong economic data. On Tuesday, China announced tariffs of between 5 to ...
(Reuters) - SunPower Corp on Tuesday said some of the solar cells and panels it produces overseas will be excluded from the Trump administration's 30 percent import tariffs, sending the company's shares up 15 percent. SunPower is based in San Jose, California but produces most of its solar products in Mexico and the Philippines. The exemption covers SunPower's premium, high-efficiency interdigitated back contact (IBC) cells and modules, which the company argued stood apart from the cheap, commoditized imports that dominate the market and were the target of the tariffs.
SunPower is based in San Jose, California but produces most of its solar products in Mexico and the Philippines. The exemption covers SunPower's premium, high-efficiency interdigitated back contact (IBC) cells and modules, which the company argued stood apart from the cheap, commoditized imports that dominate the market and were the target of the tariffs. "With today's decision that SunPower's highly differentiated IBC cells and modules are excluded from tariffs, we are able to turn the page," SunPower Chief Executive Tom Werner said in a statement.
SunPower Corp., the second-biggest U.S. solar manufacturer, won’t have to pay import tariffs on the panels it makes in factories outside the country. The company was granted an exclusion from the U.S. tariffs on imported solar panels President Donald Trump imposed earlier this year, according to a statement Tuesday from San Jose, California-based SunPower. SunPower makes panels mostly in Mexico and Malaysia, and had argued that its products don’t pose the same threat to U.S. manufacturers as the Chinese producers that dominate the industry with lower-cost, less-efficient products.
The nation’s second-biggest solar region is facing the first real-time test of its systems, with Hurricane Florence threatening the Carolinas with winds well in excess of 100 miles per hour and torrential rains. The Category 4 storm was packing 130 mile-per-hour winds (210 kilometer-per-hour) as of Wednesday, with landfall expected by the weekend. While most newer systems are designed to withstand 140 to 160 miles-per-hour winds, the Carolinas haven’t sustained a direct hit by such a large hurricane since its solar boom expanded in 2014.
A move by China to slash subsidies for domestic solar installations has unleashed a flood of low-cost Chinese-made panels onto the global market - pushing down prices and eroding the impact of U.S. President Donald Trump’s tariff on solar equipment imports, according to industry officials. The falling prices, however, will hurt panel manufacturers including China’s Jinko Solar and Korea’s Hanwha Q CELLS, which had announced hundreds of millions of dollars in U.S. solar manufacturing investments in the expectation that tariffs would boost their profits.
Solar stocks took a beating in the second half of 2015 and throughout 2016, but the sector turned around in 2017. In fact, one exchange-traded fund (ETF) tracking the sector – the Guggenheim Solar ETF ( TAN) – generated impressive returns of over 54% last year. Solar stocks soared in the past due in part to federal tax credits for home solar installation and other incentives to stimulate the industry, but the sector was surprisingly resilient in 2017 despite a presidential administration that does not prioritize renewable energy to the same extent as its predecessor.
SunPower in 2007, Regeneron Pharmaceuticals in 2015, and Randgold in 2016 both triggered an important sell signal: a sharp reversal to the downside in unusually heavy volume.
SAN JOSE, Calif., Aug. 13, 2018 /PRNewswire/ -- For nearly 100 years, National Parks Conservation Association (NPCA) has worked to protect and preserve America's most iconic and inspirational places for present and future generations. Through a new program with SunPower (SPWR), NPCA will provide opportunities for its members and supporters to go solar, thereby helping to reduce carbon emissions and improve air quality.
Many solar stocks rallied this week after Daqo New Energy (NYSE: DQ), a Chinese company that makes polysilicon used to develop solar modules, reported much stronger than expected results. Importantly, Daqo also clarified that, contrary to the expectations of many, global solar energy demand is not collapsing. Despite the recent rally in solar energy stocks, many of the names in the sector, including JinkoSolar (NYSE: JKS), Daqo, SunPower (NASDAQ: SPWR), and SolarEdge (NASDAQ: SEDG), remain extremely undervalued. Given the multiple positive upcoming catalysts for the solar energy sector, investors should buy those solar stocks.
NEW YORK, Aug. 10, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of SunPower ...
Enphase Energy, Inc. (ENPH), and SunPower Corp. (SPWR), today announced that Enphase has completed the previously announced acquisition of SunPower’s microinverter business for a total of $25 million in cash and 7.5 million shares of Enphase common stock. “We are excited to close the acquisition of SunPower’s microinverter business ahead of plan,” said Badri Kothandaraman, president and CEO of Enphase Energy.