Flickering Stock: SunPower Corporation (NASDAQ:SPWR)

On Wednesday,  SunPower Corporation (NASDAQ:SPWR)  has shown a downward move of -2.26% and traded the recent trade at $10.15. The trading volume is recorded to 2,661,419 shares as compared to average traded volume of 2630283 shares.

Contra Costa County in California recently selected SunPower (SPWR) to deploy a mix of Helix® Roof and Carport solar systems at 10 locations totaling 3.7 megawatts, which is predictable to offset about 68 percent grid electricity and save $16.5M in energy costs over 25 years. Three of those sites will also feature Helix Storage systems that reach a combined 1.5 megawatts (3,000 kilowatt hours) and deliver important demand charge savings to Contra Costa County.

“The electric utility system is evolving and we’re confident that these solar and storage solutions from SunPower will help us adapt, reducing greenhouse gas emissions and improving the local environment while delivering energy and demand charge savings to the County,” stated Frank Di Massa, Energy Manager at Contra Costa County. “The solar and storage systems are a key component of our Distributed Energy Resource Action Plan and, by extension, will facilitate the expansion of the County’s EV charge infrastructure and automated demand response efforts.”

SunPower Corporation stock’s market capitalization arrived at $ 5.116B and total 275.54M outstanding shares. The stock has a 52-week highest price of $16.04 and its 52-week lowest price was called at $4.55. During last trade, its maximum trading price was registered $10.34 and it’s the minimum trading price was noted $10.04.

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