Tesla Investors are happy to see shares jump $8.67 this morning! Earnings from SunPower & Tesla have surged the market, creating some very nice options for traders and investors!
"As earnings season kicks off, companies like SunPower (NASDAQ:SPWR) and Tesla Motors (NASDAQ:TSLA) look to post large gains this quarter after producing some of the biggest earnings upside surprises last quarter. IBD's Estimate Beaters Screen of the Day features stocks that beat earnings estimates by the widest margin in the latest reported quarter. SunPower leads the list when sorted by EPS estimate percent change for the current quarter. The California-based company makes solar cell panels and whole power systems.
This quarter, SunPower is expected to post a 733% EPS gain after posting a 336% EPS surprise gain last quarter, as stabilizing prices for solar modules and persistent demand for green technology combined for a sharp rally. SunPower shares jumped 4.7% to close at 30.35 in the stock market Monday." Source: News.Investors