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. (NASDAQ: SPWR) had its price target raised by analysts at Morgan Stanley from $10.50 to $11.50. They now have an "equal weight" rating on the stock.MarketBeat
- SunPower to Announce Third-Quarter Results on Oct. 28, 2020PR Newswire
- SunPower Announces Adjustments of Conversion Rates for Convertible DebenturesPR Newswire
- Why SunPower's Shares Jumped 11.8% in September and Are Still Going [The Motley Fool]The Motley Fool
- Stock Markets Shrug Off Stimulus Worries as SunPower Shines, Fastly Rises Faster [The Motley Fool]The Motley Fool
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SPWR
SEC Filings
- 9/17/20 - Form 8-K
- 9/14/20 - Form 8-K/A
- 9/10/20 - Form 8-K
- SPWR's page on the SEC website
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