supershort

SunPower Beaten up to Buying Opportunity Levels

Correction: SPWR has over 17 million shares short, over 40% according to Nasdaq.com and E*Trade. The current quarter topped their lowered estimates from prior guidance. They were also cautious about the future quarters. They also trade an absurd P/E ratio. Technicals on this one favor short trading. The Florida deal, according to their own press release will not add to their bottom line, that's if it all goes well...but as with most construction projects, it has a high chance for cost overruns and therefore may be a loss for them. Also give the "nanosolar" and other emerging technologies, SPWR is ripe for a fall.