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SPWR

SunRun to $82 then $126 and ultimately $172 by Q1 2021SunRun (RUN) has made some amazing gains in the past and it's clearly shown it has broken its downtrend pattern after the merger w/ Vivint Solar (VSLR). Vivint has an amazing management team and was doubling revenue every 2 years. The combination of the 2 companies makes for the world's 3rd largest global owner of solar capacity: www.greentechmedia.com Only 3% of US households have solar installed yet 9 out of 10 desire to have it. The future is bright for VSLR / RUN holders. There is so much upside here that its pretty easy to spot considering the entire world is transitioning to higher proportion of solar energy. The pro-forma company will have: 495k customers combined 3,435 MW cumulative solar installations $592 million of cash on the Balance Sheet Revenue Growth Here is what Revenue Growth will look like over next couple of years as well: 2020: $898m 2021E: $1,292m (44% increase year-over-year) 2022E: $1,483m (15% increase)
NASDAQ:RUNLong
by ich1baN
1
sunPower Corp. (NASDAQ: SPWR) Short TermSunPower 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
S
by herouxma7000
SPWR Earnings Slightly Better Than Expected: Plotting a Re-entrySun Power spent a solid month between 9.5 and 10.5 per share (The first "idea" of mine was dated July 15th calling for the potential LONG on it). It closed today at 11.5 and then reported earnings which were slightly (decently even) less negative than the projections yielded. That said, its bull run should be somewhat tempered by a negative report even so. A good re-entry point is near the top end of its corrective wave - targetting a 10.5 to 10.7 re-entry. SPWR is trading at its annual high; a recapturing of its former glory at 16+ per share is not inconceivable, though had the earnings report trended closer to a break-even this would be even more of a "must buy." The average cost was 9.51 before a re-positioning (now) which has not really worked out so brilliantly, but a FOMO buy must be avoided and the proper call is to wait for a slight recoil, at least under the previous high-end of the corrective wave sequence seen in the Handle. Thus, we remain bullish, but hardly obnoxiously so -- if I had a TV Show I probably wouldn't be a screaming "BUY NOW" but I would absolutely keep an eye on SPWR the remainder of the trading week with the re-entry points mentioned highlighted as alerts. Thanks.
SLong
by BDRTrigger33
Sun Power to break out from cup/handle? LONG? Let's See TODAYSun Power oscillated between roughly 9.5 and 10.5 per share during a somewhat longer "handle" phase, but it is now breaking out and is 11+ per share. $SPWR reports earnings today (Wed) at market close. It is projected to be -0.36. We will have to wait and see if it swings a positive earnings report, against expectations, which could push SPWR even further - even as it is now at roughly an annual high. This long was called a while back as it started to form the handle of the cup: The breakout could follow this week and in through next-- but that earnings report is C R U C I A L. Obviously it is. Happy Trading! -BDR *See attached ideas for the description of the forming on what could be a final correction wave / formation of cup-handle*
SLong
by BDRTrigger33
Sun Power "Handle;" Sideways trading pattern Could be Great signSun Power $SPWR is forming a long handle following the cup seen previously in my last SPWR post. This corrective pattern now has this trader sitting at 1cent per share below an avg . cost of 9.75. It still remains to be seen if this can go parabolic, make a big run, and break from the cup and handle. As to the certainty it does? It is hardly based on chart harmonics, but mostly on the general bullish trends in the natural energy sector (Simple and similar plans are applied to $FCEL). Stay in tune with Sun Power: The current entrance point of 9.74/share is STRONG. This is still a LONG that probably ends up being beneficial after the handle is formed. It could be a 2-month sideways pattern, even, before the eventual breakout- which cannot be assured of arriving, either. Nevertheless, Happy Trading, And may the odds be forever in your favor! -BDR
SLong
by BDRTrigger33
Sun Power Cup & Handle; Wind-up Now on "Final Correction wave"Sun Power is forming a cup and handle. The corrective action seen was the base - this wind-up is due to set $SPWR to an annual high as it's closing in on it through the first-half of Wednesday's trading session. No defined exit point: This upside could be immense. Further updates to come after it passes 11/share. Currently 10.54 w/ a 6.84% increase on the day. This play is being fulfilled; sorry - no advice on whether this play is "Too late" to enter now due to lack of certainty regarding a top-out. This is mostly a confirmatory signal on the previous post which cited a bullish formation in the corrective wave's triangular shape- that bull run has been realized already today. Happy trading, and congrats to anyone who's followed along since the first $SPWR update: we're in very GREEN TERRITORY, folks. Link Included to 1st $SPWR idea (july 8th). -BDR
SLong
by BDRTrigger33
$SPWR a Strong Long; Great Entrance Point -- BULLISH!With the natural energy sector booming, $SPWR has made a great play thus far. Entering on Monday, it has gained since and looks to still be in for a strong corrective wave. The ultimate potential of this is not fully clear. However, thus far, the entire sector has had a tremendous past month. It is a well-proven company trading much lower than it once did, but with the entrance, both low and cheap, the correction could be **Substantial** Happy trading!! -BDR
SLong
by BDRTrigger33
Week Slightly in RED But Many Teaching Points! - 05/08/20 RECAPHi traders, Welcome to a week sup-up together with Friday RECAP. As I explained in Thursday video it's sometimes hard to judge whether you should hold onto the trade and it really comes down to your backtesting and psychological comfort. I am, however, pretty happy about the reverse I did in SPWR because I've been studying this behavior for the last couple of weeks and it did (sort of) work out! My Trades: 1) CNP - LONG @18.32, jumped the ship before my original SL and then the market finally turned and went without me. -0.86% 2) SPWR - LONG @8, unfortunately, didn't go as far as my target. Moved my SL to at least don't lose on it. -0.1% 3) SPWR - SHORT @7.74, seeing a typical extended behavior with a volume drop, I found a nice technical formation to go again, this time SHORT. It didn't really move much after, so I exited before the end of the day for a +0.2% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -0.76% Total PnL for the week: -1.12% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
$SPWR On The Comeback Trail$SPWR is due for a rebound and after topping Q3 earnings, we believe the recovery is just starting. After the RSI got just below 30, $SPWR has been oversold and due for a bounce. Key to watch is the 200 dma of $9.20 a share. Here are the highlights from Q3: SunPower (NASDAQ:SPWR): Q3 Non-GAAP EPS of $0.07 beats by $0.05; GAAP EPS of -$0.11 beats by $0.16. Revenue of $499.7M (+12.7% Y/Y) beats by $24.41M. SunPower (NASDAQ:SPWR) traded higher after-hours following better than expected Q3 earnings and revenues on strength in U.S. and international distributed generation markets. Q3 adjusted EBITDA climbed to $42M from $8M in Q2 and $6.7M in the year-ago quarter. SPWR says it achieved record residential and new homes bookings in Q3, with strong traction in California ahead of the 2020 new home solar mandate, and record shipments into international DG markets. The company says it is tracking to a Q4 agreement on a potential investment to expand Maxeon 5 production. SPWR expects Q4 revenues of $520M-$720M, in line with $631M analyst consensus; gross margin of 16%-19%; adjusted EBITDA of $74M-$94M; and MW deployed of 445-645 MW. For the full year, SPWR maintains adjusted EBITDA guidance of $100M-$120M. As always, trade with caution and use protective stops. Good luck to all!
SLong
by InsiderFinancial