SunPowerAlternative investors will likely be familiar with SunPower, even if they are yet to get in on this bargain-level solar stock. For any investor that has been on the fence, now could be the perfect time to buy.

SunPower Corp. (NASDAQ: SPWR) is a U.S. solar company that designs, fabricates, and sells solar panels and complete systems. It offers services to residential, commercial, and utility-scale customers.

There are two factors that make this stock so exciting today. The first is the Monday announcement that SunPower will split into two independent companies. One, which will operate under the original name, will focus on innovation and high-efficiency solar systems and services. It will be based in the current company headquarters in the United States. The second company, which will be called Maxeon Solar Technologies, will be based in Singapore and will focus on R&D and production. By spinning off its manufacturing business, SunPower will shed many of its costs, allowing it to focus on serving the end-user market in North America.

Another factor is SunPower’s recent development of more efficient solar panels that can be produced at a lower cost. This has increased the company’s addressable market, which will allow it to grow in the coming years. Analysts expect a significant upside in the coming quarters as SunPower’s panels and solar systems will become more viable in the residential and commercial sectors.

Solar has performed well in the stock market this year. SunPower has the potential to gain back recent losses and grow in 2020. Now appears to be the ideal window for investors who want to buy at bargain pricing.

Key Data:

  • 1 Year Price Growth: 95%
  • YTD Price Growth: 42%
  • 3 Month Price Growth: -36.89%

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.