SPWR surged 57% on a $26.2M private placement anchored by John Doerr's Foris Ventures, though the company holds just $4M in cash and negative equity.
ENPH and RUN each gained under 1%, isolating SPWR's move as company-specific and leaving a short squeeze as an unconfirmed possible driver.
T.J. Rodgers projects $500M in revenue next year from a $60M market cap, but SPWR remains down 75% YTD with negative shareholders' equity.
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Shares of SunPower (NASDAQ:SPWR) are surging in Thursday afternoon trading after the company announced a fresh equity private placement led by Silicon Valley venture money. SPWR stock is up 60% to approximately $0.41. The size of the move on a sub-dollar name stands well apart from the quiet solar tape around it.
#private #market #Stock #stocks
ENPH and RUN each gained under 1%, isolating SPWR's move as company-specific and leaving a short squeeze as an unconfirmed possible driver.
T.J. Rodgers projects $500M in revenue next year from a $60M market cap, but SPWR remains down 75% YTD with negative shareholders' equity.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Shares of SunPower (NASDAQ:SPWR) are surging in Thursday afternoon trading after the company announced a fresh equity private placement led by Silicon Valley venture money. SPWR stock is up 60% to approximately $0.41. The size of the move on a sub-dollar name stands well apart from the quiet solar tape around it.
#private #market #Stock #stocks
10 days ago
