1 Solar Stock Could Crush Expectations [The Motley Fool]
Last sunpower corp earnings: 2/12 04:05 pm
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US:NASDAQ Investor Relations: investors.sunpower.com
SunPower has gotten a lot of good news in the last few months, yet the stock keeps dropping. On September 18, 2018, the Trump administration announced a tariff exemption for SunPower Corporation 's ( NASDAQ:SPWR ) high-efficiency solar panels, currently being produced in Asia. The exemption will allow the company to bring panels used for high-value rooftop solar into the U.S. tariff-free, making them more competitive with primarily Asian-made commodity solar panels. The amazing news is that the exemption should save SunPower about $100 million in tariff costs over the next year . You might think the market would respond positively to news like that, but instead SunPower's stock has dropped 14.7% since the announcement. Sometimes the market does wild things, and what I think it's missing is that newly lowered costs and strong demand have SunPower set up to crush expectations in the second half of the year. Image source: SunPower. 2018 is shaping up to be a go
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SPWR
News
- SunPower Co. (<a href="https://www.marketbeat.com/stocks/NASDAQ/SPWR/price-target/">NASDAQ: SPWR</a>) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating. They now have a $35.00 price target on tMarketBeat
- SunPower Expands SunPower Residential Installation (SPRI) Across Six StatesPR Newswire
- YES Adds Deca's Rapid Cure Technology to its Product LinePR Web
- SunPower Co. (<a href="https://www.marketbeat.com/stocks/NASDAQ/SPWR/price-target/">NASDAQ: SPWR</a>) had its price target raised by analysts at JPMorgan Chase & Co. from $21.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
- SunPower Co. (<a href="https://www.marketbeat.com/stocks/NASDAQ/SPWR/price-target/">NASDAQ: SPWR</a>) had its price target raised by analysts at Credit Suisse Group AG from $16.00 to $23.00. They now have a "neutral" rating on the stock.MarketBeat
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SPWR
SEC Filings
- 1/8/21 - Form 4/A
- 1/7/21 - Form 8-K
- 1/6/21 - Form 4
- SPWR's page on the SEC website
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