The United States has a growing solar energy market, and it’s home to some of the most innovative solar companies of this generation. An alternative energy investment portfolio needs to have a solar component, and SunPower Corp. (NASDAQ: SPWR) is a compelling option.
This bargain stock has grown steadily, despite negative EPS (earnings per share). Revenue dipped by -3.79% in 2018, but investors are still confident that this company is primed to profit in the long term, thanks to an increasing demand for renewable energy solutions.
A lot of the current confidence comes from the fact that SunPower is the leading commercial solar provider in the U.S. The company’s technologies provide a combined 1.6 gigawatts of power to customers around the nation. Key customers include Target, Macy’s, and Ikea. Residential solar installations increased in the previous year, with SunPower now bringing solar energy to 236,000 homes.
SunPower offers complete solar power solutions, making it more attractive as a long-term investment. The company researches, develops, and deploys systems. The end to end process gives it more control over costs and quality. As a long-term renewable energy pick, there are few that look more promising than this.
- 1 Year Price Growth: -9.88%
- YTD Price Growth: 88%
- 3 Month Price Growth: 22%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.