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SunPower Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of SunPower (Nasdaq: SPWRA  ) surged as much as 14% in early trading after the solar power specialist crushed fourth-quarter expectations and raised Q1 guidance.

So what: Revenue improved 71% to $937.1 million. Non-GAAP earnings more than doubled to $1.36 per share. Analysts were expecting $931.4 million and $1.05, respectively.

Now what: Those are excellent numbers, to be sure. Yet guidance seems to be what has captured the imagination of investors. SunPower raised its 2011 outlook to $2 and $2.20 per share on $2.8 to $2.95 billion in revenue, Reuters reports. An earlier forecast called for $1.75 to $2.05 a share on $2.65 to $2.85 billion in revenue.

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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader

We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is also on Twitter as @TheMotleyFool. Its disclosure policy is at least 10% better than other disclosure policies.

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 18, 2011, at 4:04 PM, jargonific wrote:

    I would love to see Fools get on board with this stock and send it soaring. It's a lesson though. Short sellers appear to want to do to this stock what they have done to nvda and A, Agilent. They pushed it down each time it went up two points. That way they made it into a cash cow. I noticed that Nvdia was mentioned as one of the co. targeted for inside trades. Recent investigations noted the short selling.

    Can't we Fools correct this market a bit by putting more emphasis on good companies like Sun Power when they do well? We can at least blog them...up.

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