Is SunPower Ready to Explode?

With shares of SunPower (NASDAQ:SPWR) trading around $11, is SPWR an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

C = Catalyst for a Stock’s Movement

SunPower is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers. Alternative sources of energy are being explored worldwide for a variety of reasons. Look for SunPower to remain a strong force in the solar energy space.

Dow 15,000? S&P 1,600? Searching for market direction? Reduce the information clutter and uncover key insights and investment ideas. Click here to for Your Stock Investor Cheat Sheet Now!

T = Technicals on the Stock Chart are Mixed

SunPower has seen a disastrous decline since the highs it saw in 2007. The stock still seems to be stuck in a long-term downtrend, however, it is getting ready take on a critical zone. If it can break above this downtrend, the stock is poised to see higher prices. Currently, SunPower stock has seen a significant rise on strong price action…

More Articles About:   , , , ,