SunPower Could See a Windfall If Tariffs Hit the Solar Industry
The petition that Suniva and now SolarWorld have made under Section 201 of the 1974 Trade Act is throwing the solar industry for a loop, because it could dramatically increase costs for installers. But as the petition moves forward, SunPower Corporation's (NASDAQ: SPWR) stock marches higher and higher, a seemingly strange move on the surface.
If we dig into the filing and SunPower's business, the move makes more sense. In fact, SunPower could be one of only a few winners if Donald Trump decides to follow Suniva's recommended price floors of $0.40 per watt for solar cells and $0.78 per watt for solar modules. Here's how it could make millions just by being in the right place at the right time.
Image source: SunPower.
Source: Fool.com
Sunpower Corp. Stock
€1.94
-4.460%
Currently there is a rather negative sentiment for Sunpower Corp. with 9 Buy predictions and 13 Sell predictions..
On the other hand, the target price of 7 € is above the current price of 1.94 € for Sunpower Corp., so the potential is actually 261.76%.
