sunPower Corp. (NASDAQ: SPWR) Short Term
Updated
SunPower Corp. (NASDAQ: SPWR) has a market cap roughly one-quarter the size of First Solar, but that was by choice and not mismanagement. Where First Solar both builds solar modules and large solar farms, SunPower has chosen instead to develop its marketing and packaging of modules and inverters built by other companies. A partnership with sustainable energy financial services firm Hannon Armstrong called SunStrong Capital created a custom-built finance vehicle for SunPower’s products.
The company’s stock closed Monday at $11.48 and has a 52-week range of $4.03 to $15.57. Even though shares trade at around 26% below the 52-week high, they also trade 25% above any upside suggested by the share price. The company pays no dividend, and at the closing price does not project a meaningful multiple to 2021 expected earnings.
Src: 247wallst.com/energy-business/2020/08/18/8-clean-energy-technology-companies-could-benefit-from-a-biden-presidency/
The company’s stock closed Monday at $11.48 and has a 52-week range of $4.03 to $15.57. Even though shares trade at around 26% below the 52-week high, they also trade 25% above any upside suggested by the share price. The company pays no dividend, and at the closing price does not project a meaningful multiple to 2021 expected earnings.
Src: 247wallst.com/energy-business/2020/08/18/8-clean-energy-technology-companies-could-benefit-from-a-biden-presidency/
Note
The actual SPWR chart dates are not adequately presenting the reality I am expressing. In fact, I do see a current uptrend in early Sept, but likely a leg low. Then, if ever Joe Biden become president, the stock would likely soar because of his energy toward objectives and lead. So, we must look at it from a closer perspective, trend is correct, but at the moment of publishing, I have made a the graph analysis with too much zoom out. Anyway how, this clarify my opinion. Good trading!
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