SunPower Rises On Unusually High Volume (SPWRB)

NEW YORK ( TheStreet) -- SunPower Corporation (Nasdaq: SPWRB) is trading at unusually high volume Tuesday with 2.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.48 (+10.3%) at $15.82 as of 3:41 p.m. ET.

SunPower has a market cap of $596 million and is part of the technology sector and electronics industry. Shares are up 15.5% year to date as of the close of trading on Monday.

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 8.7, below the S&P 500 P/E ratio of 16.1.

TheStreet Ratings rates SunPower as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full SunPower Ratings Report.

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