An analyst upgrade of First Solar and increasing awareness that renewable electricity stocks may be "stealth" AI plays propelled the sector higher. Shares of solar-related stocks First Solar (FSLR 18.69%), SunPower (SPWR 14.23%), and Sunnova Energy (NOVA 7.65%) were rocketing higher today, appreciating 18%, 17.4%, and 12.6%, respectively, as of 2:08 p.m. EDT. First Solar received a positive analyst upgrade late yesterday and was up 8% or so on Tuesday before its renewed surge today. However, it appears the ...

Solar technology and energy services provider SunPower (NASDAQ:SPWR) saw its shares rise dramatically higher on Wednesday. Earlier, the company announced that it will add the Tesla (NASDAQ:TSLA) Powerwall 3, a battery storage system, to its portfolio. While SPWR stock soared on the positive consumer implications, it remains a highly speculative investment. According to a corporate press release, SunPower will offer the latest Powerwall system “as part of its curated portfolio of high quality and affordable ...

With storage attach-rates soaring, SunPower adds most-requested battery storage to its offerings SunPower Financial introduces loan and lease financing for Powerwall 3, making home backup even more accessible RICHMOND, Calif., May 22, 2024 /PRNewswire/ -- SunPower (NASDAQ:SPWR), America's highest-rated† residential solar energy company, today announced it will now be offering Tesla Powerwall 3 as part of its curated portfolio of high quality and affordable solar and storage products. "Homeowners are increas ...

RICHMOND, Calif., May 20, 2024 /PRNewswire/ -- SunPower (NASDAQ:SPWR) received on May 17, 2024, a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission (the "SEC"), as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31 ...

A short squeeze certainly helped. Renewable energy stocks went crazy this week as meme investing returned, short squeezes happened, and there was maybe some light at the end of the tunnel for some of these companies. The biggest move was SunPower (SPWR -15.96%), which was up well over 100% early in the week, and as of noon ET on Friday is now up 43% for the week, according to data provided by S&P Global Market Intelligence. Direct competitor Sunnova Energy International (NOVA -7.08%) was also up as much as ...

SunPower (NASDAQ:SPWR) stock is falling hard on Wednesday as the company’s shares face strict criticism from Wolfe Research analyst Steve Fleishman. The Wolfe Research analyst warns that SPWR stock won’t be able to maintain its current price from the meme stock rally. This has him holding firm to his $2 price target for the company’s shares. For the record, SPWR is currently trading for about $3.16 per share but is down 28% as of Wednesday morning. Included in this coverage is a downgrade for SPWR stock. Fl ...

The party's over for SunPower shares after a short squeeze caused the stock to nearly double in two trading days this week. The bubble burst on shares of SunPower (SPWR -26.88%) today after the stock had been soaring this week. The provider of residential solar and energy storage services didn't announce anything new this week, but its stock rocketed higher by 91% in the first two trading days. That came from a wave of meme stock trading focused on heavily shorted stocks, including SunPower. As of the end o ...

SunPower Corporation (NASDAQ:SPWR) stock's short squeeze appears to finally be ending, amid the reignited meme stock craze. The shares are down 27.1% at $3.20 at last glance, after rising roughly 80% over the last two sessions. Today's drop comes after Wolfe Research downgraded the stock to "underperform" from "peer perform," with a price target of $2. The $3 level, a familiar line of pressure and support since the start of the year, appears to be capturing today's pullback. Since the start of 2024, the Sun ...

A short squeeze has hit the residential solar industry. Solar energy stocks had an incredible day on Tuesday with SunPower (SPWR 59.64%) jumping as much as 105% in trading before closing up 61.6% on the day. Call it meme trading or a short squeeze, but shares were up huge on almost no news for the industry. SunPower wasn't the only solar stock moving today. Sunnova Energy International (NOVA 27.51%) was up as much as 32.8% and closed the day up 27.8%, while Sunrun (RUN 6.51%) rose 15.5% before closing up 6. ...

Troubled solar power company SunPower (NASDAQ:SPWR) is the latest name to join the meme rally. SPWR stock is soaring 130% in early trading as retail investors focus on the fact that 94% of its shares are being sold short, according to Fintel. SunPower Is Undergoing a Short Squeeze SunPower, which is one of the most shorted stocks in the market, appears to be in the early stages of a short squeeze. Such a phenomenon occurs when stocks rapidly climb, forcing many short sellers to buy back at high prices the s ...