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SunPower Corporation (SPWR)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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23.75-0.80 (-3.26%)
At close: 4:00PM EDT
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  • J
    JohnC
    We should here a great story in the upcoming Q2 call. From PV magazine today, article "Residential solar demand is ‘through the roof’". "White said that many forecast analysts have “grossly underestimated” residential solar growth. ... He said that the residential solar market is throttled somewhat by supply chain and labor availability concerns, along with transportation and logistics bottlenecks. Even so, loan demand has grown 100% between the second quarter of 2020 and 2021. He said he expected no softening of demand through the end of the year and that the total number of projects that make it through to completion could grow by as much as 35-40% compared to last year."
  • K
    K
    We (the bag holders) may not see $50's share price this year.
  • J
    JohnC
    $SPWR $MAXN Report in PV Magazine today on supply chain issues. With planned substantial PPA price increases not leading to project cancellations, this is the best sign yet that added input costs can be passed through to the customer.

    "LevelTen said that a majority of solar developers surveyed —on the order of 73%— reported that they were increasing PPA prices to meet the rising cost of polysilicon and solar modules.

    Despite PPA price increases, the pace of project development will likely continue, the firm said. Around 12% of developer respondents said they were delaying projects; no respondents said they were planning fewer projects."
  • D
    DanZ
    $24.16-$24.31 gap left from 7/20-7/21 is now filled, so let's see if this marches higher for rest of day.
  • L
    LauraL
    Ah the walk down to $23 again on options day. Man this pattern is getting very hold. Hope we have some announcement or catalysts next week to stop this insanity and get us rolling back to $30s. .
  • R
    RobertN
    So I evacuated family vacation home in the High Sierra of California which is on Fire PG&E Transformers blew up-causing “Fly” fire on top of Dixie Fire... now in Santa Cruz where the Fires raged last year.
    My point is Solar is needed now more than ever as the California electrical grid is causing fires due to antiquated tech...California needs to go Solar Revolution yesterday.
  • D
    DanZ
    "SunPower is at the forefront of new home energy solutions and compliance, working with 17 of the top 20 builders in California. The company plans to continue to add SunVault to new home communities throughout 2021 and is seeing strong storage bookings across all its segments including new homes, exiting Q2 2021"..I see share price going up into and after earnings.
  • J
    JamesP
    Since Monday is Short interest report day, solars have been up on reporting day from what I have seen recently. Let's see if this theory holds true at all. If it does, the other side to the theory is that they sell off the day after short interest reports. It's all noise but I will be watching. Perhaps we can get some buying into the close today.
  • Y
    Yel
    Wondering when SPWR sells some more of outstanding 3.5M ENPH shares. Longs would want SPWR sell those shares to pay off 2023 debt with some more $ millions left on a balance.
  • G
    Guy
    From oilprice magazine. Posting this because of the reference to Total:

    When last year BP (-1.82%) vowed to reduce its oil and gas output by 40 percent by 2030 as it shifts to renewable energy, it came as a shock to many, pushing the company's share prices down sharply. Yet since then, pressure on Big Oil to stop doing what it does has only been growing. And Big Oil is responding.

    The Houston Chronicle's Paul Takahashi in a recent article detailed supermajors positioning to effectively move away from their core business and into low-carbon energy. Takahashi noted several examples of Big Oil partnering with majors from other industries to effectively reduce these other industries' consumption of Big Oil's principal products: fuels.

    One such example was Total—recently renamed TotalEnergies (-0.83%)—partnering with BP (-1.82%) and Uber (-1.42%) to speed up the adoption of electric vehicles. TotalEnergies (-0.83%) already has a growing footprint in EV charging infrastructure, as does BP. And they have a solid reason for doing so: European governments are dead set on achieving their net-zero goals.

    Just last week, the European Commission said that it planned to propose that internal combustion engine cars be phased out beginning 2035 EU-wide. Before that, the EC plan envisages a reduction in vehicle emissions by 65 percent by 2030.

    "There's no way around it, reaching net-zero by 2050 means phasing out combustion vehicle sales by 2035 at the latest," Bloomberg quoted Colin McKerracher, BloombergNEF's head of advance transport research, as saying.

    This would mean Big Oil would lose a solid chunk of its biggest market—that for fuels, meaning, in turn, they would need to find a replacement. EVs are one logical replacement for fuel sales, so no wonder Europe's Big Oil majors have been quite active in building a presence in charging infrastructure.

    Pressure is not coming only from governments. Asset managers are getting increasingly restless about emissions and ESG investments.
  • b
    big mike
    Should’ve sold all at 50 and never looked back at this one. So much manipulation from big guys and delusion on this board
  • D
    Draco
    “Report: 30M solar homes would create 1.77M jobs, $69B in energy savings” The Government will use Solar installations for to create jobs and stimulate the economy. We have worked too hard to defeat covid, and this is the perfect opportunity to stimulate the economy.
  • D
    DanZ
    In my opinion the reason for the downgrades on a good company like SunPower, with it's ship essentially completely in order now is simple.. to scare weak retail hands into selling so big fish can scoop up cheap shares before the next parabolic leg up, that simple..just need to bear some short term pain before this moves up again, particulary with any good news on the reconciliation bill.
  • D
    DanZ
    It seems solars and alt energy tend to hold up better in a down-turn..actually with current administration and hope of budgent reconciliation bill passing, alt energy could thrive as rotation out of other sectors occurs.
  • G
    Guy
    I honestly don't know why SPWR is down when you have the good PR this morning. SunPower teaming up with a major home builder is exactly the kind of news you would think the market would like?
  • s
    svtechvet
    The NYT had a big story this weekend on the clean energy infrastructure debate, and whether a national grid fed by solar farms is the right approach, or rooftop solar is the right approach. That's a good debate, because either way solar panels win. Global warming is accelerating and humanity is imperiled. Solar is the answer. So much of the discussions about solar involve cost per watt, and how it compares to other means of electricity generation. It already compares favorably. Once the globe is truly serious about fighting climate change (we're still quite far from the hair on fire moment where people really wake up), the cost calculus will change as well. Even though solar is already at parity or superior on a cost basis, with demand necessarily exploding in the future, governments will eventually start considering the true cost of the carbon fuels to society. Solar is clean. Carbon fuels are dirty and will be seen as unacceptable even if carbon fuel prices were to plummet, or if solar panel prices rise due to demand exceeding supply. Implication: when everyone wants to mine for the gold of sunshine, be the one that sells the solar mining equipment to the miners - panels, storage, and trackers for solar farms. And all the better if you choose the blue chips in that space.
  • J
    John Matthew
    I think today's price action is the realization the next thing to come along will be in the green energy arena, including solar, storage and hydrogen. The 30 to 50+ PE ratios of tech stocks, etc. are signaling an end of the road, just like in 1999. I actually thought the GME debacle was the Joe Kennedy moment of the bull run. Good luck and congratulations to longs!
  • D
    DanZ
    Not the key reversal day I was hoping to see..maybe tomorrow unless the MM goes after all the call options at $23 and higher..but if not hoping to see a close above $25 tomorrow (above 50 sma), provided the Nas holds up.
  • p
    poffenroth
    They had some interesting insights about SPWR on (http://Pick-stocks.com). Definitely made me think twice about the company.
  • D
    Draco
    All we have right now is an budget agreement in principle among Senate Democrats. It’s all very unofficial but promising. Conservatives are being pushed to be more proactive in regards to Climate Change. I feel like we are seeing a lot of State and local policies being implemented in support of alternative energy, but we won’t see how impactful until Q2 earnings are reported. For now, I do believe that sale are increasing dramatically YoY and QoQ, but the shorts know there’s still enough uncertainty to manipulative us as they have. I hope that this week parallels 12/28, and tomorrow we see a move close to $25, and finally a new take off to recent highs next week. Q2 Earnings hope to be the confirmation of greatness that we are all hoping for. GLTA.