Shares of SunPower Corporation (Nasdaq:SPWRA) were gapping up Friday morning with an open price 11.3% higher than Thursday closing price. The stock closed at $17.43 yesterday and opened today's trading at $19.40.
NEW YORK ( TheStreet) -- Shares of SunPower Corporation (Nasdaq: SPWRA) were gapping up Friday morning with an open price 11.3% higher than Thursday's closing price. The stock closed at $17.43 Thursday and opened today's trading at $19.40. The average volume for SunPower has been 2.3 million shares per day over the past 30 days. SunPower has a market cap of $957.5 million and is part of the technology sector and electronics industry. SunPower Corporation, together with its subsidiaries, designs, manufactures, and markets solar electric power technologies. The company operates in two segments, Components and Systems. The company has a P/E ratio of 59.2, below the average electronics industry P/E ratio of 61.2 and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates SunPower as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full SunPower Ratings Report. Get more investment ideas from our investment research center.