SunPower Stock Hits New 52-Week Low (SPWR)

NEW YORK ( TheStreet) -- SunPower Corporation (Nasdaq: SPWR) hit a new 52-week low Friday as it is currently trading at $4.79, below its previous 52-week low of $4.94 with 55,285 shares traded as of 9:35 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

SunPower has a market cap of $605.9 million and is part of the technology sector and electronics industry. Shares are down 19.6% year to date as of the close of trading on Thursday.

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.

TheStreet Ratings rates SunPower as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full SunPower Ratings Report.

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