NEW YORK ( TheStreet) -- SunPower Corporation (Nasdaq: SPWRA) hit a new 52-week high Thursday as it is currently trading at $22.89, above its previous 52-week high of $22.60 with 1.2 million shares traded as of 1:52 p.m. ET. Average volume has been 2.6 million shares over the past 30 days.

SunPower has a market cap of $1.1 billion and is part of the technology sector and electronics industry. Shares are up 55% year to date as of the close of trading on Wednesday.

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 12.5, above the average electronics industry P/E ratio of 12.4 and below 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, solid stock price performance and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full SunPower Ratings Report.

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