SunPower to cut jobs, including 16 in Elk Grove, as it files for bankruptcy
Slightly above 67% of SunPower's investor base is looking to short. The analysis of current outlook of investing in SunPower suggests that many traders are alarmed regarding SunPower's prospects. SunPower's investing sentiment overview a quick insight into current market opportunities from investing in SunPower. Many technical investors use SunPower stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
SunPower |
SunPower solar panels
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SunPower Fundamental Analysis
We analyze SunPower's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SunPower using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SunPower based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Net Income
Net Income Comparative Analysis
SunPower is currently under evaluation in net income category among its peers. Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
SunPower Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SunPower stock to make a market-neutral strategy. Peer analysis of SunPower could also be used in its relative valuation, which is a method of valuing SunPower by comparing valuation metrics with similar companies.
Peers
SunPower Related Equities
SEDG | SolarEdge Technologies | 17.47 | ||||
MAXN | Maxeon Solar | 11.99 | ||||
RUN | Sunrun | 8.87 | ||||
ENPH | Enphase Energy | 7.51 | ||||
CSIQ | Canadian Solar | 4.37 | ||||
NXT | Nextracker | 4.00 | ||||
FSLR | First Solar | 3.37 | ||||
JKS | JinkoSolar Holding | 0.25 | ||||
NOVA | Sunnova Energy | 6.91 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Consideration for investing in SunPower Stock
If you are still planning to invest in SunPower check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the SunPower's history and understand the potential risks before investing.
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