Long
SPWR. The Sun will shine again!
Updated
Hello everyone. i want share my idea and simple reason why i think that is good investment to make minimum 2x or 3x in this investment.
Reason #1
after high interest rates we all saw bull run of stock market, at the moment we have still 5.50, after last Jerome Powell speech he told us they will cut rates but they don't rush to make that, if they will cut the rates it will be good for sun power energy industry, because for sun power energy, interest rates are important, they have loans for 5-10 years. when interest rates rise it gets more expensive because they cant raise prices on customers, this is why it was pressure on solar energy stocks after covid pandemic.
Reason #2
Solar energy is future, Australia will make fund which will cost 653 billion dollar to make solar panels.
Reason #3 technical
after pretty long and strong fall to downside we came to last high buy zone which was start point of bull run few years ago and how we see price stop and has some reactions from buyers, i am not saying in many month or year it will show us new all time high but i think its pretty good point for investment, we we see that fall all will think that stock is dead but not yet i think until it will dead (if its dying) it will make minimum 2 or 3 x from that point.
I will link my last analysis about that stock.
Always make your research!!!!
Reason #1
after high interest rates we all saw bull run of stock market, at the moment we have still 5.50, after last Jerome Powell speech he told us they will cut rates but they don't rush to make that, if they will cut the rates it will be good for sun power energy industry, because for sun power energy, interest rates are important, they have loans for 5-10 years. when interest rates rise it gets more expensive because they cant raise prices on customers, this is why it was pressure on solar energy stocks after covid pandemic.
Reason #2
Solar energy is future, Australia will make fund which will cost 653 billion dollar to make solar panels.
Reason #3 technical
after pretty long and strong fall to downside we came to last high buy zone which was start point of bull run few years ago and how we see price stop and has some reactions from buyers, i am not saying in many month or year it will show us new all time high but i think its pretty good point for investment, we we see that fall all will think that stock is dead but not yet i think until it will dead (if its dying) it will make minimum 2 or 3 x from that point.
I will link my last analysis about that stock.
Always make your research!!!!
Note
It's pretty good discount for the stock, but it still don't have buyer.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.