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NEW YORK (

TheStreet

) --

SunPower Corporation

(Nasdaq:

SPWRA

) hit a new 52-week low Tuesday as it is currently trading at $6.74, below its previous 52-week low of $7.06 with 219,706 shares traded as of 10:56 a.m. ET. Average volume has been 735,400 shares over the past 30 days.

SunPower has a market cap of $469.5 million and is part of the

technology

sector and

electronics

industry. Shares are down 44.3% year to date as of the close of trading on Monday.

TheStreet Recommends

SunPower Corporation, an integrated solar products and services company, designs, manufactures, and delivers solar electric systems for residential, commercial, and utility-scale power plant customers worldwide. The company has a P/E ratio of 80.9, above the average electronics industry P/E ratio of 50.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SunPower as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full

SunPower Ratings Report

.

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