Stocks were higher in early trading this morning, indicating a positive start to the week. Bitcoin surged to a record high after Tesla (TSLA) made a $1.5 billion investment in the currency as the company moves to be able to begin accepting it as payment.
It seems like progress and change are happening more rapidly than ever before, and that means big possibilities for investors. Today’s trade alert highlights one of the top companies to invest in now for long term rewards.
Through most of the last decade SunPower (SPWR) underperformed as a vertically integrated supplier of solar panels and services for both residential and utility markets. Today, it is a reseller of Chinese solar panels.
Last year it spun out its manufacturing arm under the name Maxeon Solar Technologies (MAXN). Its Chinese partner, Tianjin Zhonghuan Semiconductor, put nearly $300 million into Maxeon, which also does business in Malaysia, Mexico, the Philippines and France. Maxeon, in turn, has an exclusive deal to supply SunPower with panels. This new structure should enhance shareholder value.
All this is being blessed by Total (TOT), the French oil company that has been SunPower’s dominant shareholder since 2011. Total originally invested in SunPower at $23.25 per share. Then Total believed in the new SunPower structure enough to increase its stake, buying 676,000 shares for $31 million.
But how exactly does the new SunPower work? It moves its panels through complex solar leases. The idea is that a solar lease finances the panels and homeowners buy electricity. SunPower now includes its SunVault batteries in these deals.
Essentially, SunPower today is a financing and power sales company. The company boasts a solid four-quarter average earnings surprise of 49.23% and is estimated to generate earnings growth of 324.3% in 2021, according to Zacks Research.
SPWR share price has pulled back roughly 20% from its peak last month. The company is scheduled to discuss its fourth quarter and physical year 2020 on a conference call Wednesday, February 17th after the closing bell.
Where to invest $1,000 right now...
Before you consider buying SunPower, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not SunPower.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
