Positive Catalysts Make SunPower Stock Worth Buying on Weakness
I admit, I had been worried that SunPower (NASDAQ:SPWR) shares had risen too far too quickly. But then, last week, it provided weaker-than-expected first-quarter guidance, causing SPWR stock to tumble.
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And now that the shares have retreated even further, due largely to the Nasdaq’s recent weakness, and after reviewing the transcript from the company’s Q4 conference call, I am upbeat on SPWR stock’s longer-term outlook.