Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

SPWR - SunPower Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by stock1234, Apr 28, 2016.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,472
    Likes Received:
    3,274
    [​IMG]
    SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and power plant customers worldwide. The company provides solar power components, including panels and other system components. It also offers commercial rooftop and ground-mounted solar power systems, residential mounting systems, and power plant systems, as well as utility-scale photovoltaic power plants. In addition, the company offers operations and maintenance services, including remote monitoring, and preventative and corrective maintenance services, as well as rapid-response outage restoration services. Further, it leases solar power systems to residential customers; and sells inverters manufactured by third parties. The company serves investors, financial institutions, project developers, electric utilities, independent power producers, commercial and governmental entities, production home builders, residential owners, and small commercial building owners. SunPower Corporation also sells its products to dealers, systems integrators, and distributors. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation operates as a subsidiary of Total Energies Nouvelles Activit├ęs USA, SAS.
     
  2. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,839
    Likes Received:
    1,908
    Is this one ready to bounce off support?
     
  3. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,839
    Likes Received:
    1,908
    Reported after close today (5/5/16)
    Earnings: EPS -$0.30 Revenue $433.6M
    Estimates: EPS -$0.20 Revenue $328.53M

    Down 2.79% after hours
     
  4. leonx81

    leonx81 Well-Known Member

    Joined:
    Apr 4, 2016
    Messages:
    941
    Likes Received:
    352
    Ouch....
    Down 28.42% after the bell.

    upload_2016-8-9_19-51-31.png
     
  5. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    5,036
    Likes Received:
    1,150
    SunPower to cut 2,500 jobs in restructuring, book up to $275 million in charges through 2017

    upload_2016-12-7_6-42-42.png
     
  6. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,790
    Likes Received:
    1,847
    Good move here this morning!

    I have an alert set for a break over $8
     
  7. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,790
    Likes Received:
    1,847
    Great trading today, still looking to see some follow through next week before I got too excited.
     
  8. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,790
    Likes Received:
    1,847
    March highs here, I think we pull back but watch for new highs as a sign that thing will finally change!
     
  9. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

    Joined:
    Apr 4, 2016
    Messages:
    4,063
    Likes Received:
    618
    Solar shares shine after Trump talks up 'solar wall'
     
    OldFart likes this.
  10. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,706
    Likes Received:
    1,470
    already up $20 on my spread....probably earnings IV on the options

    spwr.png
     
    AdamJoseph and StockJock-e like this.
  11. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,790
    Likes Received:
    1,847
    That was a serious gap up!
     
    OldFart likes this.
  12. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,706
    Likes Received:
    1,470
    all the credit goes to @Onepoint272
    I can't take any credit except reading his post and getting in....lol
     
    AdamJoseph likes this.
  13. Bodacious

    Bodacious Active Member

    Joined:
    Jul 6, 2019
    Messages:
    318
    Likes Received:
    226
    Hovering near the bottom of a price range, weak on volume, should be watch for possible entry.
     
    T0rm3nted, TomB16 and OldFart like this.
  14. Onepoint272

    Onepoint272 Well-Known Member

    Joined:
    Apr 26, 2016
    Messages:
    1,648
    Likes Received:
    1,981
    I was thinking the same thing @Bodacious. After the big win, I got back in and stopped out for a small loss and then today, Friday, I got back in again on what may be a low volume test of Tuesday's spring.

    Daily bars:
    upload_2019-9-14_0-0-12.png
     
  15. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,706
    Likes Received:
    1,470
    12% move yesterday and around another 2% this morning....crazy
     
    Bodacious likes this.
  16. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    732
    Likes Received:
    293
    SunPower has the best cells and yet it is not a money maker. I find a lesson in this.

    Retail solar needs a consumable business model. Few people will arrange bank financing, work through a permitting process, and take on a project of retrofitting their home with solar panels. These folks are out there but they are a small minority.

    The successful solar retailers are selling it as a service. Solar up take is a lot higher for companies that offer consumers a single signature and a long term power purchase agreement.

    Solar is exactly like the cellular industry. Don't look for the best phone. Look for the best plan.
     
    Onepoint272, OldFart and Bodacious like this.
  17. Onepoint272

    Onepoint272 Well-Known Member

    Joined:
    Apr 26, 2016
    Messages:
    1,648
    Likes Received:
    1,981
    This seems to have a propensity for being a one-day-rally wonder but I decided to hold for another day to let it prove this is not just an upthrust. Today's low was 14.08 and the AR was 14.01. Encouraged that it found support today above 14.01 and closed near midrange. Thinking of moving stop up to just under $14. If it gets under 14 then I think it may go for printing an LPS in the 13 area. The 16.04 line will likely bring in sellers.

    Daily bars:
    upload_2019-9-18_22-16-22.png
     
  18. Onepoint272

    Onepoint272 Well-Known Member

    Joined:
    Apr 26, 2016
    Messages:
    1,648
    Likes Received:
    1,981
    Well I did raise my stop to just under 14 and then raised it again this morning to just under 14.60. So I'm still in from 12.45. Next week's pivot is at 14.30, so will need to watch it closely Monday morning as I may have to make a decision. I have no problem getting taken out with a 17% profit and then buying back in.

    65-minute (~1 hour) bars:
    upload_2019-9-20_22-40-51.png
     
    #18 Onepoint272, Sep 20, 2019
    Last edited: Sep 21, 2019
    bigbear0083, OldFart and T0rm3nted like this.
  19. Onepoint272

    Onepoint272 Well-Known Member

    Joined:
    Apr 26, 2016
    Messages:
    1,648
    Likes Received:
    1,981
  20. Onepoint272

    Onepoint272 Well-Known Member

    Joined:
    Apr 26, 2016
    Messages:
    1,648
    Likes Received:
    1,981
    Stopped out on Monday, Sept 23rd for a $1041.50 gain after commissions, after which it did not quite test the weekly pivot so I held back from buying back. It went up, double topped and then collapsed back into the trading range printing what appears to be an Upthrust After Distribution (UTAD) except that it did not fit the general rule in that when it moved up and out of the range it did not do it with increased volume and a relative narrowing of spread. Instead it double topped and then fell back into the range on wide price spread but relatively light volume (effort vs. result), not a "quality" move down. My guess is that this trading range has not been proven as distribution yet, especially since there is no sign of weakness yet and with strength (an uptrend) in the background, supply needs to prove itself.

    Overall its been a good trader. On 3 trades, 2 winners and one loser, I'm up $2,774 in the last 2 months with an average capital investment of $6063.

    upload_2019-9-27_0-20-15.png
     
    T0rm3nted, bigbear0083 and OldFart like this.

Share This Page