SunPower Stock Has 87% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: Yahoo! Finance
Great news for SunPower investors: $4 a share is 101% more than SunPower stock cost Monday morning. And investors who buy this solar power stock can therefore expect to double their money in a year. At least, according to Soctiabank they can. Is SunPower stock a buy in 2024? Quoted on The Fly Monday, Richardson explained he cut SunPower's price target because green energy stocks have been underperforming this year and inventories are still bloated. But the analyst remains optimistic that "inventory channel clearings are nearly complete" and so the bottom is not far off. Combined with rising electricity rates, that's going to create more demand for cheap solar power, and create the potential for SunPower's sales to turn around. Is he right? As the saying goes, it's hard to make predictions -- especially about the future. Still, if the "bottom" has truly already arrived for solar power stocks, then it's arrived remarkably quickly. In related cyclical industries such as semico
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SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 5/13/24 - Form NT
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- SPWR's page on the SEC website