Why $SUNW skyrocketed in January?%SUNW stock popped on Wednesday as projected Democratic victories in Georgia runoff elections boosted investors' hopes for a more robust green energy agenda.
Democrats Raphael Warnock and Jon Ossoff are set to win their races giving the party control of the Senate, according to projections from Decision Desk HQ and Insider.
It seems Washington is set to go green with a Democrat-controlled Senate, plus Joe Biden's stated goal of a 100% clean grid at the core of his climate agenda. As the Washington Post reported green energy lobbyists are lining up for their shot to influence the Biden Administration.
The rally comes on the back of multiple positive reports on the sector from the likes of Goldman Sachs and JP Morgan.
JP Morgan analyst Paul Coster said in the company's December Alternative Energy Outlook that "the falling cost per watt of renewable energy…positions wind and solar as the lowest-cost source of energy in approximately 70% of the world.
markets.businessinsider.com
After nearly running out of cash last year, the company has a new lease on life after selling $20 million in stock in December and paying off a $2.7 million loan. Sunworks intends to use its improved balance sheet to drive growth.
The biggest problem for Sunworks is that it isn't even close to making money. Revenue in the first nine months of 2020 was just $29.3 million and losses were $11.1 million, or $0.75 per share. Those trends look like they'll continue, and with bigger, more established solar stocks available, this isn't a gamble I would be taking today.
www.fool.com
Solar
Sun Power $SPWR to complete Head & Shoulders? LONGSun Power has had a rough go w/ the overall market struggling, but it should be close to reaching a strong support point with previous lows looming. The maroon-circled region represents an area of excellent entry, with the trace down further being somewhat dubious.
Patience can be exercised here a little. The corrective wave is happening, but we cannot rule out a trace down to 31/s. That is fully possible. While there's little fault to be found with entering right now (circa 10:30 AM EST), there possibly may open up an even lower buy point.
Regardless of whether it does or not, this stock should have no problem ascending back to its previous levels as the market normalizes. A target sell-point can be tenatively scheduled between 41 and 44 per share; with that maybe being a 1/2 exit. For this moment? We find that entry point!
BEST OF IT ALL!
-BDR
Price target 24+Great Basing pattern and beautiful bullish chart setup. I played this stock perfectly last year and I am looking for similar success this year. (original post linked below) No position yet, putting some bids out there and looking to build position. As always trade set trading parameters for yourself and best of luck!
*TA interpretation + personal opinion = not investment advice
SUNW PennantSolar play based on sector rotation & technicals
Low volume Pullbacks
SMI and RSI looks relatively oversold
Forming a pennant on daily, holding 20EMA
- HOLY GRAIL SETUP
Look for confirmation above 19.8 break
PT1 22.5
PT2 23.8
PT3 29.4
SL Below 20EMA
WKSP BreakoutI have been watching this company the last couple months.
finance.yahoo.com
www.gurufocus.com
Looks extremely promising to me. When they start making contracts with companies building new electric trucks this thing will pop.
$SUNW Low Volume Pullback #2 Are you looking for an entry into a solar name? SUNW is on yet another low volume pull back. This might be a good place to start a position and add more if it drops. I'm thinking this wave will bottom around 19
$ASTI Ascent Solar HUGE UPSIDE! to the moon!? Breakout!$ASTI Ascent Solar
HUGE UPSIDE! to the moon!? Breakout!
Low Volume Pullback - Potential Buy The Dip $SUNWSUNW has been down the past few days, but on relatively low volume. From a technical perspective this looks like a dip that could be bought and added to if it continues. Fundamentally the Solar sector will be bullish for the next few years.
✨ ABCED is ready to blow on the daily chart!!! The outlook for ABCED is looking gorgeous! Check out my chart with stochastic RSI and buy/sell AI!
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Not trading advice
SUNRUN $RUN Pullback opening a beautiful buy-window: 80/s?$RUN has had a tough go in the market today; it's nearly down 6 percent.
This should open a nice buy-window for an eventual, pretty-long play on $RUN.
That said, currently, we're looking at a very red situation for those who entered late last week. Patience, there, must be exercised.
The highlighted red ellipse shows a perfect entry on SUNRUN. Those stuck w/ an average cost of 88+ // HOLD. This is a pullback that we could have expected, and there is no reason to exit w/ the trough showing a likely low-point of 80/s. This might be frustrating, but patience and deep breaths can save money here.
That's this trader's thoughts, anyway.
Do ya homework, employ ya minds,
AND GL n SH*T.
--BDR
RUN C&H - Long**Disclaimer** I'm a newbie so don't take this as financial advice. It's just what I see.
Sunrun (RUN) has been trading inside a channel since March. It just completed a cup and handle near the bottom of the channel. Handle bounced off the support line at $81 so I think this will start trending back up. Looking at the 2 hour chart, I think this could easily surpass $110 in the coming months.