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SunPower (SPWR) Shows Strength: Stock Moves 13.2% Higher
SunPower Corporation (SPWR - Free Report) was a big mover last session, as the company saw its shares jump a little above 13% on the day. The move came after the U.S. President Donald Trump proposed the idea of covering the border of Mexico with solar-power panels. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $7.51 to $8.27 in the past one-month time frame.
The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
SunPower (SPWR - Free Report) currently holds a Zacks Rank #2 (Buy).
SunPower Corporation Price
SunPower Corporation Price | SunPower Corporation Quote
Another top-ranked stock in the Solar industry is SolarEdge Technologies, Inc. (SEDG - Free Report) 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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