Tag: SPWR

  • Oversold Shares of SunPower Ready to Bounce

    Oversold Shares of SunPower Ready to Bounce

    Oversold shares of SunPower (SPWR) is a buy. After crumbling from about $28 to $17, the solar stock appears to have caught strong double bottom support. It’s also starting to pivot from over-extensions on RSI, MACD, and Williams’ %R.  From a current price of $17, we’d like to see it refill its bearish gap around $22. Helping,…

  • Warning: Oil Just Jumped $9.80 This Morning

    Warning: Oil Just Jumped $9.80 This Morning

    We’re going to feel this in the wallet. Oil is now up nearly $10 a barrel – and it could get worse. All as Russia continues its attack on Ukraine. “The situation in energy markets is very serious and demands our full attention,” IEA executive director Fatih Birol said, as quoted by CNBC. “Global energy…

  • The Solar Stock Crisis Could be an Opportunity

    The Solar Stock Crisis Could be an Opportunity

    Keep an eye on solar stocks. At the moment: Sunrun (RUN) is down about 14% SunPower (SPWR) is down about 11% First Solar (FSLR) is down about 3% Enphase Energy (ENPH) is down 5.5%, or $11.75 Canadian Solar (CSIQ) is down about 6% All after California proposed new rules for rooftop solar that could slow…