On a relative basis, the stock has outperformed the S&P 500 by 1.68% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.46% in the last 1 week, and is up 8.55% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
SunPower Corporation (NASDAQ:SPWR): The stock opened at $15.63 on Friday but the bulls could not build on the opening and the stock topped out at $15.74 for the day. The stock traded down to $15.17 during the day, due to lack of any buying support eventually closed down at $15.37 with a loss of -2.23% for the day. The stock had closed at $15.72 on the previous day. The total traded volume was 1,459,018 shares.
The stock has recorded a 20-day Moving Average of 1.92% and the 50-Day Moving Average is 2.9%. SunPower Corporation has dropped 29.04% during the last 3-month period . Year-to-Date the stock performance stands at -48.78%.
SunPower Corporation (SunPower) is a global energy company. The Company provides design, manufacturing, installation, ongoing maintenance and monitoring and adjacent services. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: the Americas Segment, the EMEA Segment and the APAC Segment. The Company offers solar power components, solar power systems and residential leases. The Company sells panels and balance of system components, primarily to dealers, system integrators and distributors. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. The Company offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase.