SunPower Corporation (SPWR) has been under a strong bear grip, hence the stock is down -31.72% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.41% in the past 1 week. The stock has risen by 3.93% in the past week indicating that the buyers are active at lower levels, but the stock is down -31.81% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 6.31% and the 50-Day Moving Average is 23.21%.The 200 Day SMA reached 48.32%. SunPower Corporation has dropped 40.88% during the last 3-month period . Year-to-Date the stock performance stands at -65.64%.
SunPower Corporation (NASDAQ:SPWR): After opening at $10.15, the stock dipped to an intraday low of $10.12 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.34 and the buying power remained strong till the end. The stock closed at $10.31 for the day, a gain of 2.08% for the day session. The total traded volume was 2,198,989. The stocks close on the previous trading day was $10.1.
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.