Showing posts with the label Company News.

Company News: SunPower announces restructuring aimed at doubling down on residential market

 Source: Pippa Stevens 5-7 minutes SunPower said Tuesday that it's restructuring its operations in a bid to focus exclusively on the fast-growing residential solar market. The company is acquiring residential solar provider Blue Raven, while also looking to sell its commercial and industrial business. SunPower CEO Peter Faricy said the acquisition was a natural fit for several reasons, including that Blue Raven's customer-first approach aligns with SunPower's motto. Additionally, more than 90% of Blue Raven's customers are in 14 states that account for just 5% of SunPower's sales. In other words, the acquisition expands SunPower's footprint in places where the company has struggled to seize market share. "From a strategy point of view, this transaction is an example of something that allows us to serve consumers much faster than we would have otherwise," Faricy said, adding t

3 Goldman Portfolios That Are Crushing The Market

By Mark Kolakowski Updated Jan 31, 2019 4-5 minutes Goldman Sachs has assembled several baskets of stocks that are outperforming so far in 2019. Three of these baskets, High Revenue Growth, High Sharpe Ratio , and Dual Beta , all delivered total returns , dividends included, of 11% for the year-to-date (YTD) through Jan. 25, 2019, versus 6% for the S&P 500 Index (SPX) . U.S. stocks surged in the afternoon of Wednesday, Jan. 30 on the news that the Federal Reserve would hold its benchmark interest rate steady. "The case for raising rates has weakened somewhat," said Fed Chairman Jerome Powell, as quoted by The Wall Street Journal . The impact should be positive for all three Goldman baskets. The table below lists three representative stocks in each of these baskets. This is the first of two stories on Goldman's baskets. The second will come on Thursday afternoon. 3 Winning Goldman Portfolios (Total Return YTD,

7 Stocks That Options Traders Bet Will Plunge On Earnings

By Shoshanna Delventhal Updated Jan 30, 2019 4-5 minutes Jittery investors are penalizing stocks that miss estimates to the greatest extent in years, sending shares down 4.3% on average in the three days following earnings results, nearly four times the 15-year average, as of Jan. 24 according to data compiled by Evercore ISI. The historically strong reaction from investors has occurred even as analysts have slashed S&P 500 earnings-per-share estimates for the first half of 2019 by the most in four years. With that in mind, Goldman Sachs has screened a list of upcoming earnings announcements where options traders are seeking the most downside protection against a miss, including DISH Network Corp. ( DISH ), Symantec Corp. ( SYMC ), Palo Alto Networks Inc. ( PANW ), Huntsman Corp. ( HUN ), Qorvo Inc. ( QRVO ), Whiting Petroleum Corp. ( WLL ) and Continental Resources Inc. ( CLR ), per Business Insider . 7 High-Risk Stocks (Company; Ticker; Q4 Earnings Date) S