1 Solar Stock Could Crush Expectations [The Motley Fool]
Last sunpower corp earnings: 10/30 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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News
- As Trump Tariffs Face Review, Solar Industry Girds for Fight [Yahoo! Finance News]Yahoo! Finance News
- SunPower Co. (NASDAQ: SPWR) was downgraded by analysts at ValuEngine from a "hold" rating to a "sell" rating.MarketBeat
- SunPower Co. (NASDAQ: SPWR) had its price target lowered by analysts at Credit Suisse Group AG from $14.50 to $11.00. They now have an "outperform" rating on the stock.MarketBeat
- SunPower Co. (NASDAQ: SPWR) was upgraded by analysts at ValuEngine from a "sell" rating to a "hold" rating.MarketBeat
- SunPower prices public offering at $7 [Seeking Alpha]Seeking Alpha
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SPWR
SEC Filings
- 12/9/19 - Form 4
- 11/25/19 - Form SC
- 11/25/19 - Form 8-K
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