Seeking Alpha

SunPower shares turn around as analysts rush in with praise

  • SunPower (SPWR +4.8%) pushes higher, rallying from early weakness after Q4 earnings beat estimates but 2014 revenue guidance came in soft, as analysts move in to praise the company.
  • The improved results were due to “solid execution, with shipment, revenue and gross margin all exceeding guidance and better than consensus,” RBC analysts say as they raise their price target on the stock to $35 from $30.
  • SPWR “is well positioned for profitable growth in rooftop sales and leasing, despite the normalizing margins for new utility-scale projects in North America," Credit Suisse says.
  • Other solar shares are higher too: SUNE +4.8%, SCTY +5.8%, FSLR +2.3%.
Comments (5)
  • Chris DeMuth Jr.
    , contributor
    Comments (4467) | Send Message
     
    I think that this is an interesting squeeze out candidate. Some others here: http://bit.ly/1lKZqjB
    13 Feb 2014, 03:42 PM Reply Like
  • djkidm
    , contributor
    Comments (458) | Send Message
     
    So does the motif index imply a move upward because of short interest in the stock? Keep in mind I am a young investor and am learning as I go. I found your link interesting, but I didn't understand it completely….

     

    I do understand how a short squeeze occurs, and I held my shares of SPWR through earnings, though I did consider selling 40% of my long position and buying back after….whew!
    13 Feb 2014, 06:55 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4467) | Send Message
     
    Yes. It implies a move upward because of short interest in the stock.
    13 Feb 2014, 07:03 PM Reply Like
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    why not another three hundred percent?
    13 Feb 2014, 03:50 PM Reply Like
  • benitus
    , contributor
    Comments (1972) | Send Message
     
    The competition among our domestic solar producers is so intense that they cannot do otherwise than to excel in what they do. Augurs well for the future of our solar industry. Great results and great future, as more and more facilities turn to using solar power, which improving efficiencies have continually reduced the huge start-up costs involved.
    13 Feb 2014, 04:03 PM Reply Like
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