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SunPower (SPWR) Catches Eye: Stock Adds 16.7% in Session

SunPower CorporationSPWR was a big mover last session, as its shares rose almost 17% on the day. The move came after the company announced a 64.4 MW supply agreement with La Compagnie du Vent, a subsidiary of Engie, in France. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.42 to $7.25 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

SunPower currently carries a Zacks Rank #3 (Hold).

SunPower Corporation Price

SunPower Corporation Price | SunPower Corporation Quote

A better-ranked stock in the Solar space is Sunrun Inc. RUN , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

Is SPWR going up? Or down? Predict to see what others think: Up or Down

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SunPower Corporation (SPWR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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