SunPower Corporation (SPWR): Today's Featured Electronics Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

SunPower Corporation ( SPWR) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.3%. By the end of trading, SunPower Corporation rose $1.09 (9.0%) to $13.25 on heavy volume. Throughout the day, 10,360,731 shares of SunPower Corporation exchanged hands as compared to its average daily volume of 4,264,500 shares. The stock ranged in a price between $12.70-$13.90 after having opened the day at $12.86 as compared to the previous trading day's close of $12.16. Other companies within the Electronics industry that increased today were: SemiLEDs ( LEDS), up 20.6%, Canadian Solar ( CSIQ), up 15.2%, Microvision ( MVIS), up 14.6% and Transcat ( TRNS), up 14.5%.
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SunPower Corporation, an integrated solar products and solutions company, designs, manufactures, and delivers solar electric systems for residential, commercial, and utility-scale power plant customers worldwide. SunPower Corporation has a market cap of $1.5 billion and is part of the technology sector. Shares are up 118.1% year to date as of the close of trading on Thursday.

TheStreet Ratings rates SunPower Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and poor profit margins.

On the negative front, Telenav ( TNAV), down 12.8%, Itron ( ITRI), down 10.2%, PMC-Sierra ( PMCS), down 9.7% and Cirrus Logic ( CRUS), down 8.9% , were all laggards within the electronics industry with Agilent Technologies ( A) being today's electronics industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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