SunPower (SPWR) is on my “Very Short List” of about 100 stocks that can lead in the next decade. It is now a holding of mine, as the October $7 puts I sold about a month ago were assigned to me on Friday. I am very happy with a net cost a shade under $7 per share. I’d be happy with any price in the $7s and might add more soon.

Read my article on Seeking Alpha to find out why I think SunPower could be a Peter Lynch style 10-bagger stock, i.e. 1000% gainer…

Due to the potential for huge growth in the solar space, efficiencies and advantages of the company, solid backing from oil major Total (TOT) and the impending sale of their 8point3 Energy (CAFD) stake that will generate significant revenue, I rate SunPower a strong buy right now. For those experienced in selling cash-secured puts, that is also a very viable strategy that can be done exclusively or in addition to a stock purchase.

I rarely call any investment a potential “10-bagger,” despite always looking for these elusive opportunities. The only stock buy that I suggested could be a 10-bagger in 2016 was Exact Sciences (EXAS), which fell to $5 per share, and is now trading near $50 per share (see my profile for free content regarding Exact). Usually there is massive risk to projecting out a potential large gainer, in the case of SunPower though, I believe the risk is minor from recent stock prices…

Read my article on Seeking Alpha to find out why I think SunPower could be a Peter Lynch style 10-bagger stock, i.e. 1000% gainer…