SunPower Stock: Why It's Crashed 94% and 2 Better Solar Stocks to Buy Now

By Jason Hall and Tyler Crowe – Jan 28, 2024 at 6:02AM

NASDAQ: SPWR

SunPower

Market Cap

$411M

Today's Change

(7.34%) $0.16

Current Price

$2.34

Price as of May 3, 2024, 4:00 p.m. ET

Residential solar is in a brutal downturn. We think there's opportunity, but in other stocks than SunPower.

In this video, Motley Fool contributors Jason Hall and Tyler Crowe take a closer look at SunPower (SPWR 7.34%), its spinoff of Maxeon Solar Tech (MAXN 5.36%), and why Enphase Energy (ENPH 7.67%) and First Solar (FSLR 6.12%) look like better stocks to buy right now.

*Stock prices used were from the afternoon of Jan. 23, 2023. The video was published on Jan. 27, 2023.

Jason Hall has positions in First Solar, SolarEdge Technologies, and SunPower. Tyler Crowe has positions in First Solar and SolarEdge Technologies. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends First Solar and SolarEdge Technologies. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.