SPWR - SunPower Corporation
| Previous Close | 12.88 |
| Open | 13.29 |
| Bid | 0.00 x 2200 |
| Ask | 0.00 x 2900 |
| Day's Range | 12.85 - 13.44 |
| 52 Week Range | 4.55 - 16.04 |
| Volume | 2,042,697 |
| Avg. Volume | 2,984,198 |
| Market Cap | 1.886B |
| Beta (3Y Monthly) | 2.40 |
| 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 |
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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.
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Tom Werner became the CEO of SunPower Corporation (NASDAQ:SPWR) in 2003. This analysis aims first to contrast CEO...
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Solar Struggles Make Tesla Stock a Risky Choice
Hop into the time machine with me and travel back about five years. At that time, SolarCity was the residential and small-commercial solar installer. The firm continued to rack up plenty of clients and was seen as the next big thing. Unfortunately, thanks to the constant need for funding, rising debt costs and new competition, SolarCity ran into some serious issues. Racing towards insolvency, the solar firm received a big buyout from Elon Musk and Tesla (NASDAQ:TSLA) stock. And in the years since the 2016 rescue plan, investors have sort of forgotten about SolarCity and Tesla's solar operations. Heck, Tesla management didn't even mention "solar" on its last conference call.Source: Shutterstock But thanks to a series of tweets from Musk, TSLA and its solar plans are once back into the spotlight.Don't be fooled. TSLA stock and its assets picked up from SolarCity are a disaster and they continue to be a huge drain on the firm. The reality is, the buyout of SolarCity was simply a bailout -- and one that won't bear any fruit for investors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips TSLA Struggles in SolarSolarCity was supposed to be a jewel in Musk's crown. The idea was that Tesla would transform itself into a total green-energy company -- supplying vehicles, solar panels and battery storage solutions to take consumers off the ground and away from fossil fuels. On the surface, that was a great plan. When TSLA picked up SolarCity (which had Musk as its chairman) back in 2016 for $2.6 billion, the firm was the top solar installer. At its peak, SolarCity was installing more than 200 megawatts worth of solar panels per quarter. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates And then the clouds came.Thanks to its constant need for creative funding to get those panels into consumers' hands, rising competition from smaller installers like Sunrun (NASDAQ:RUN) and Vivint Solar (NYSE:VSLR), as well as dwindling subsidies for solar panels, SolarCity hit hard times. Under the TSLA umbrella, the clouds have only gotten thicker. These days, SolarCity and Tesla's solar ambitions seem to be running on life support -- with newly installed wattage dropping like a stone.During its last reported quarter, Tesla installed just 29 megawatts worth of solar panels. That's lower than the 47 megawatts it installed during the first quarter of the year and lower than the 73 megawatts installed during the fourth quarter of 2018. Looking out further, that's a 65% drop year-over-year and nearly 90% plunge from its all-time quarterly installation record of 258 megawatts.To make matters worse, Tesla stock has seen its solar installations drop while rivals have actually seen steady numbers or even increases to installed capacity. Taking a look at rivals, RUN managed to install more than 86 megawatts last reported quarter and SunPower (NASDAQ:SPWR) added 52 megawatts worth a capacity. Tesla Tries to Reignite SolarWhat really stinks is that TSLA has been trying hard to save the business. Tesla cut its prices down to just $2 per watt after accounting for tax benefits. It fired its door-to-door and store-based sales staff and moved to a strictly online model. It also ended its agreement with Home Depot (NYSE:HD) to market panels. And speaking of those panels, Tesla now offers basic and standardized systems. Those solar roof tiles that Musk promised right after snagging SolarCity have failed to come to fruition.Meanwhile, Musk is doing what he does best -- acting like P.T. Barnum and throwing out hope.After management basically forgot to mention solar on their last conference call, Musk sent out a series of tweets talking about ramping up production. Tesla hopes to turn out about 1,000 solar roofs per week by the end of this year. For TSLA stock bulls, this was great news. The once-mighty solar stock was coming back.And yet, analysts peg that production as impossible given the low adoption rate so far and the fact that it hasn't even completed its Gigafactory 2 in Buffalo yet. That plant was specifically designed for its solar roof project. So far, despite being around for nearly three years or so and collecting numerous customer deposits, Greentech Media reports that TSLA has connected just a dozen solar-integrated roofs to the grid. Debt Is the Real IssueThe original idea behind the acquisition of SolarCity was that the integration of solar assets would help spur its storage and vehicle sales. By offering an all-in-one package, Tesla would be a total green energy firm. Unfortunately, that bill of goods hasn't happened, as evident by still-declining solar sales.However, TSLA did get something for its troubles -- a ton of debt.SolarCity's business model basically ran on debt in order to make it work. That pumped it full of various convertible bonds, solar bonds, senior loans and other asset-backed securities. That huge debt burden was one of the main reasons why TSLA swallowed the firm in the first place. Today, that legacy debt from SolarCity makes up around one-third of Tesla's overall debt outstanding. Moreover, that debt continues to weaken the electric vehicle manufacturer's position.While in recent quarters the growth in its auto operations have lessened the impact of the solar debt, Tesla still needs to raise money to finance expansion on the vehicle side. With such a huge noose around its neck, that could become complicated. During the spring, S&P Global Ratings highlighted this fact and put Tesla on a negative credit watch -- highlighting SolarCity's impact on the firm's credit situation. TSLA Stock Is Still a Risky PlayWhen Tesla first bought SolarCity, I was skeptical of adding the solar firm's operations into the vehicle makers umbrella. Turns out that might have been the right call. Deterioration of those assets have only quickened pace, while the debt has continued to harm TSLA's position.In the end, Musk and Tesla's recent moves to hype the solar business most likely won't bear serious fruit and should follow the pattern of over-promising and under-delivering. Solar is a rock around the firm's neck and should continue to be so. TSLA stock remains a risky trade and nothing more.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Sell Right Now * 7 Stocks Under $7 to Invest in Now * 7 Marijuana Stocks With Critical Levels to Watch The post Solar Struggles Make Tesla Stock a Risky Choice appeared first on InvestorPlace.
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Is (SPWR) Outperforming Other Oils-Energy Stocks This Year?
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Sunpower Corp (SPWR) EVP, Administration Douglas J. Richards Sold $861,875 of Shares
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Solar and Storage Will Eventually Be Positive for Tesla and TSLA Stock
Never let it be said that Tesla (NASDAQ:TSLA) doesn't keep things interesting. Investors, whether they own TSLA stock or not, love to debate the merits of letting a relatively reckless visionary like Elon Musk remain at the helm of TSLA.Source: Shutterstock Following last month's release of a relatively disappointing second-quarter report by TSLA, though, the prevailing discussion is once again shifting away from the company's battery-powered cars and to its struggling energy arm. * 10 Generation Z Stocks to Buy Long Most observers appreciate the company's efforts in the energy sector, but many critics question whether TSLA should be in the business at all. The unit doesn't affect the organization's results much right now, and more established solar names like SunPower (NASDAQ:SPWR) and SunRun (NASDAQ:RUN) seem far better positioned to connect with consumers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThose doubters may well be right. But Elon Musk's solar panel business and its closely-related battery/ energy-storage business are long-term project that are arguably just a few years ahead of their time.At least TSLA will be ready when solar and storage really take off, assuming it survives its electric-vehicle production ramp-up. Would TSLA Be Better Off Without Energy?At the heart of investors' frustration with the minimal catalyst Tesla's solar and power storage business has offered thus far is 2016's questionable purchase of SolarCity. Factoring in SolarCity's debt, Tesla effectively paid on the order of $5 billion for a company that, at the time, was generating around $500 million of annual revenue.How much solar panel business Tesla is doing now isn't perfectly clear. SolarCity's operation was folded into what is now categorized as energy generation and storage revenue, which includes sales of Tesla's Powerwall for consumers and bigger Powerpacks for large organizations. The recently-introduced Megapack will appeal to utility companies, as it stores one gigawatt-hour's worth of energy.As it stands right now, however, the company's energy-production and storage arm is relatively small and shrinking. That unit produced $368 million worth of sales during the second quarter, versus $5.4 billion in electric-vehicle revenue. Sales of solar panels and roofs fell 38% during Q1, year-over-year, and were off by 65% in Q2, Total energy revenues were off just a bit last quarter as well.Meanwhile, EV gross margins are improving, coming in at 18.9% last quarter. By contrast, the margins of the company's energy-related products were only 11.6%.The numbers inspire doubts about the company's solar business. As Joe Osha, analyst with JMP Securities, noted of the company's energy arm "They're just barely in the solar game. This business requires capital and focus, and at this point it's not even clear who's running it. They'd just be better off shutting the solar business down. It's a distraction."He's not alone in his view. Elon Musk's VisionMusk's bold vision has at times spurred ill-advised decisions. The company's energy-related unit hasn't been immune to his aggressive growth approach.The foray into the solar -panel business with the acquisition of SolarCity was also a case of unfortunate timing. In 2016, the growth of U.S. solar installations slowed to only 16%, versus an average of 63% in the three years prior. In 2018, the market shrank by 2%, as U.S. government subsidies all but vanished.It wasn't the commercial potential of solar power -- and the storage of it -- that Musk was naive about, however. His failing, if there was one, was in determining how consumers and corporations would want to purchase solar panels, and when they'd be comfortable enough to do so without hand-holding.Musk's overarching vision has never just been about electric cars. It was always about moving the world in a green, carbon-free direction. Solar is the simplest and most effective means to that end. EVs were simply a way to get the ball rolling.The boom of solar is inevitable. At some point, the world will run out of oil. The planet won't run out of sunlight for a few billion years. Timing Is EverythingThe world's not quite ready to take large steps in that direction, though.Not unlike the mass closure of Tesla's vehicle showrooms, the company recently stopped doing door-to-door sales of solar panel systems and ended its relationship with Home Depot (NYSE:HD). That decision coincided with the sharp dropoff of Tesla's solar panel revenue.Elon Musk is already responding, claiming earlier this year that 2019 will be "the year of (Tesla's) solar roof." Musk wants to expand the company's factory in upstate New York, setting the stage for a production pace of 1000 solar roofs per week by the end of the year. Some question whether Musk will be able to meet that goalPresumably, the ramp-up will be accompanied by an overhaul of the company's sales efforts.Even if only half that rate is achieved, it could still be a well-timed jump. Wood Mackenzie and SEIA predict residential solar power demand will rebound this year, following lulls in 2017 and 2018. The U.S. EIA forecasts that utility-scale solar power capacity will grow 10% this year and 17% in 2020 after a modest downturn.That surge will definitely be positive for Tesla's new Megapack. Continued education on the merits of solar power will help as well. The Bottom Line on Tesla StockEnergy is not a reason in and of itself to step into a new position in TSLA stock. As much as the company's energy arm could grow now that it's got a complete portfolio of solutions, TSLA will predominantly be about cars for the foreseeable future. Nobody disputes Elon Musk's ability to ramp up production of solar panels. Most are still unsure he can do so profitably. That's hurting TSLA stockMost arguments as to why Tesla should abandon the energy-storage and solar market aren't backed up by the data and the market's outlook. The only exception to that is the contention that Elon Musk doesn't need any more distractions,And even the "distraction" contention falls flat. By that same line of reasoning, Musk should shutter or sell his SpaceX and Boring Co businesses as well. Neither is part of the operation that moves TSLA stock, but both certainly have the potential to consume Musk's time and focus. But no one is suggesting that Elon Musk give up those businesses.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Generation Z Stocks to Buy Long * 5 Growth Stocks to Buy After the Rate Cut * 5 Dependable Dividend ETFs to Invest In The post Solar and Storage Will Eventually Be Positive for Tesla and TSLA Stock appeared first on InvestorPlace.
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