SPWR trade ideas
SPWR, a Bottomfish opportunity with MULTIPLE X Growth Prospect!SPWR has been on a very long downtrend for quite sometime. But the last 2 weeks has changed all that with a sudden weighty net buying activity being registered -- aided by TSLA boost news. SPWR will begin offering Tesla Powerwall 3 as part of its portfolio of solar and storage products.
This will aid their fundamental position in the market and will eventually aid their fiscal growth prospect.
On our TA, this has started shifting already on its long term trend. First major price shift in more than 1.5 years. Net Volume has surged quite massively to almost 6-folds from 13.10M to 63.10 M indicating that position takers are taking advantage of the current bargain price with a rosy prospective growth in the future. The monster net volume should give you an idea already of what is about to come.
Price movement is showing some reversal already with significant surges being spotted. This is inching closer to the heatzone / breakout area. Once price touches that level (4.0, we are now at 3.0), strong momentum will just escalate price growth.
Spotted at 3.0
Interim target set at : 5-10.
Long term at. 25
TAYOR.
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THE NEWS:
SunPower (NASDAQ:SPWR) +13.8% in early trading Wednesday after saying it will begin offering Tesla Powerwall 3 as part of its portfolio of solar and storage products.
Tesla Powerwall has become one of the most sought-after battery storage solutions, accounting for more than half of home battery installations last year; the Powerwall 3 includes 11.5 kW of power and 13.5 kWh of energy engineered to provide whole-home backup and capture solar energy more efficiently.
"Pairing Tesla Powerwall 3 with our industry-leading SunPower Equinox solar system was a natural progression in offering homeowners the best products on the market," SunPower (SPWR) said.
The company said it expanded its suite of solar financing options to include loan and lease financing for Tesla battery installations.
SunPower (SPWR) projects that one in every four American homeowners who install rooftop solar this year will also add battery storage.
SPWR. The Sun will shine again!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!!!!
SunPower to report running now Earnings Play LongSPWR is a volatile penny stock; solar energy is hot right now. ENPH is the slow and easy big cap
play. This one is high octane and can go from overdrive into reverse when the shorts catchup.
As for me, I will chase this and setup a trailing loss when the sun goes down. I have alerts
set up for death crosses on the moving averages or the mass index triggers. Bring on the heat of
the sun.
SPWR SunPower Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SPWR SunPower Corporation prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $0.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Will SPWR shine in 2024?Hello everyone i want share my idea about SPWR (SunPower Corporation)
In 2023 we had pretty bullish stock price actions which i can't tell about SunPower Corporation.
How SunPower Corporation work? they have loans for 5-10 years, when they have contracts with low rates and government starting to rise rates their work goes bad and their stock prices falling but when rates are low their work going well and more investor make investment.
In my opinion 2024 year will be not great for stock market and the reason is, dollar strong movement start of 2024 and possibility to continue this trend all 2024 year is high. i have idea why i think stock market crash in 2024 which will be linked in this post.
If we look at SunPower Corporation with technical we have big divergence at weekly MACD. Trend at chart is bearish in 2023 but oscillator shows it bullish and this is why i think good investment in this stock. If i have reason stock market crash, if i have reason rate cuts and if technically accept it then i will make investment at lowest price which is perfect for now.
SunPower Corporation (SPWR) - An Analysis for Option Traders
As an options trader with half a year of dedicated study and three years of overall market experience, I offer a unique viewpoint on SPWR. This company, once a prominent player in the solar industry, has undergone significant changes in recent years. Here's an in-depth analysis combining historical trends, recent developments, and technical analysis to guide potential trading strategies.
My Fundamental analysis combined with conclusions from my TA, enjoy:
Historical Financial Trends:
Declining Assets vs. Decreasing Debt: Over the past decade, SPWR has shown a trend of declining assets, with total assets decreasing from $4.9 billion in Jan 2016 to $1.4 billion in the latest report. However, there's a silver lining in the substantial reduction of long-term debt, from $1.6 billion in Jan 2016 to just $0.3 million in the latest report.
Sustainability Estimate: Based on the average yearly decline in cash and short-term investments, SPWR could potentially sustain operations for approximately 18-19 months under current trends, assuming no changes in income or expenses. News received Jan 31st will be crucial to continued operation, potentially why the IV is so high and premium so attractive for keen eyes.
Market and Industry Outlook:
Solar Panel Demand: The demand for solar panels has been declining, and 2024 might not be an auspicious year for solar companies. This trend is typical in technology sectors, where companies evolve and shed older, less efficient technologies.
Technological Evolution: SPWR, like many tech companies, is in a phase of transformation, adapting to newer technologies while phasing out the old.
Recent Developments and News:
Credit and Loan Negotiations: Recent news indicates that SPWR is working on extending credit agreements, which could provide them with more time and financial flexibility. The outcome of these negotiations, expected to be announced on January 31st, will be crucial in understanding the company's ability to secure further loans and manage cash flow.
Restructuring Efforts: SPWR is restructuring its operations to cut costs amid slower sales, a strategic move that could impact its financial stability and operational efficiency.
Technical Analysis and Trading Strategy:
Current Stock Performance: The stock has experienced a significant decline, falling about 85% from January 2023 through mid-January 2024. This trend suggests investor caution but also potential opportunities for options trading.
Anticipated Price Movement: Technical analysis indicates a potential further drop of about 50 cents, after which the stock might stabilize at a fair value.
Options Trading Strategy: If SPWR stabilizes post-loan announcement and reaches around the $2.50 level, it could present a safer opportunity to collect premiums. The strategy involves waiting for the dust to settle post-announcement, then capitalizing on short-term movements for a 10% return in the ensuing days, similar to what I did with the SAVE play. I am playing off of fair value and trends that don’t lie.
Conclusion:
SPWR is at a potential turning point, with only $0.3 million in debt remaining. However, given the current market conditions and the company's restructuring efforts, it's prudent to wait for the upcoming financial announcements and assess the stock's technical position before making any trading moves. As always, thorough research and a keen eye on both fundamental and technical indicators are essential for identifying the best return opportunities in a volatile market.
Will SPWR Break out To New Highs?NASDAQ:SPWR
About SunPower Corporation
American company SunPower sells battery-powered energy storage systems and photovoltaic solar energy producing systems, mostly to residential clients. Richard Swanson, a professor of electrical engineering at Stanford University, created the business in 1985. It has its headquarters in San Jose, California. In 2002, Cypress Semiconductor acquired the majority of the business, and it expanded swiftly until SunPower went public in 2005. For US$1.37 billion in 2011, the French energy and oil giant TotalEnergies acquired a majority stake in SunPower.
Prior to spinning off that division of the business as Maxeon Solar Technologies in 2020, the company developed and manufactured solar panels. Prior to agreeing to sell that business line to TotalEnergies in February 2022, the company has previously sold its goods to commercial and industrial customers.
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Will SPWR break out in the next months towards its highs in January 2021?
According to TradingView, at the moment only four analysts rate SunPower shares as a "strong buy" or "buy." Furthermore, only three analysts recommend to sell that stock. Due to the fact that 15 experts recommend holding, it seems clear that retaining the company's stock would be the best choice for investors. However, the current minimum expectation for the stock is USD 16.00 which represents a decline of 13.89% from the current stock price (USD 18.58). The current highest estimate for the stock is USD 32 (+ 72.23%), while the average estimate is USD 22.29 (+ 19.99%).
The predicted EPS for Q4-2022 may increase by 0.03 to 0.16 from the reported 0.13 in the previous quarter. Analysts predict that the EPS will increase annually by 0.22 from reported 0.07 in 2021 to an estimated 0.29 in 2022 before increasing again in 2023 to 0.62.
According to predictions, SPWR's revenue may have increased by 31.30% from the reported $1.31B (2021) to $1.72B in 2022. Due to the ongoing high demand for solar panels and battery-powered energy storage systems, the outlook for SunPower's revenue looks positive and could increase to approximately $2.84B in 2025.
SunPower may have a promising future if those forecasts come true.
Again after the like after the Paris AgreementThere wil be a huge huge rally for the solar power industry's especially the ones in Europe. Today was COP27 and like after the Paris climate agreement there wil be another huge rally like last where is 10 folded, remember this is long term like a couple of years depending on future company performance. if the chart crosses the ichimoku cloud I would definitely put a another buy
Bulls Have Power & Charge Like SPWR Power!Bulls Have Power & Charge Like SPWR Power!
Bullish pin bar at support on SPWR!
Safe Entry 16.60
Why? 16.60 is .15 cents above the head of the pin bar : )
Contract
17 C or 18 C and set my expiration date out 2 weeks from entry date.
Stop loss
14.93
Expectation move
Approx 20.86.
*Reasoning- Resistance range (on weekly chart) is between 21.23 and 22.36.