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 Zacks Investment Research from a "buy" rating to a "hold" rating. They now have a $27.00 price target on 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 Morgan Stanley from $22.00 to $24.00. They now have an "underweight" 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 lowered by analysts at Piper Sandler from $28.00 to $26.00. They now have a "neutral" rating on the stock.MarketBeat
- SunPower and Woodside Homes Team Up to Create Sustainable, Resilient Communities with Solar and Battery StoragePR Newswire
- Global Solar Power Market Expected to Exceed $290 Billion In 2028 As Demand ExplodesPR Newswire
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SPWR
SEC Filings
- 6/10/21 - Form 4
- 5/25/21 - Form SD
- 5/18/21 - Form 4
- SPWR's page on the SEC website
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