SunPower's Distributed Solar Investments Are Finally Paying Off
It may not seem like it based on mounting losses and a lagging stock price, but SunPower Corporation's (NASDAQ: SPWR) year is turning out a lot better than expected. Where it once hoped to just generate enough to keep its manufacturing plants going, it's now announcing expansion plans. Financial guidance a few months ago that just hoped to see the company with positive EBITDA for 2017 is now projecting $165 million to $190 million in EBITDA for the year.
Shares reacted positively after the results came out, and it's looking like this could be the start of a nice recovery for the company. Here's why I think SunPower is well positioned for growth in solar.
Image source: SunPower.
Source: Fool.com
Sunpower Corp. Stock
€0.035
-30.000%
Currently there is a rather negative sentiment for Sunpower Corp. with 5 Buy predictions and 22 Sell predictions..
On the other hand, the target price of 5 € is above the current price of 0.04 € for Sunpower Corp., so the potential is actually 14185.71%.
