SunPower (SPWR)

Jan 22, 2021Trade Ideas

Our NIO trade idea is still exploding.

On Dec. 31, we highlighted opportunity in the NIO stock and the NIO Feb. 19, 2021 50 calls.
At the time, the NIO stock traded at $49.35 a share. It’s now up to $61. From here, the EV stock could see $70 a share, we believe.

If you’re looking for even better opportunities, SunPower (SPWR) is racing to higher highs.

With Biden in the White House, solar stocks could see brighter days ahead. Two, the U.S. just rejoined the Paris Climate accord. Plus, Biden already laid out a $2 trillion clean energy infrastructure plan, with hopes for net zero emissions by 2050. In addition, he has said he wants to “upgrade four million buildings and two million homes over four years to meet new energy efficiency standards,” as noted by The Conversation.

There are a few ways to trade SPWR.

One is to buy the SPWR stock at market. Two, buy to open the SPWR March 19, 2021 46 calls. If you want to hedge, also consider the SPWR March 19, 2021 44 put.

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