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SunPower (SPWR) Catches Eye: Stock Jumps 5.3%
SunPower Corporation (SPWR - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with 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 $6.37 to $7.55 in the past one-month time frame.
The move came after the company’s appeal to the U.S. Trade Representative for exempting solar panel tariffs was granted.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
SunPower currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
SunPower Corporation Price
SunPower Corporation Price | SunPower Corporation Quote
A better-ranked stock in the Oils and Energy sector is CNX Resources Corporation (CNX - Free Report) holding 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
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>