SunPower Stock Falls On Unusually High Volume (SPWR)
SunPower Corporation (Nasdaq:SPWR) is trading at unusually high volume Friday with 9.5 million shares changing hands. It is currently at two times its average daily volume and trading down 33 cents (-2.1%).
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. NEW YORK ( TheStreet) -- SunPower Corporation (Nasdaq: SPWR) is trading at unusually high volume Friday with 9.5 million shares changing hands. It is currently at two times its average daily volume and trading down 33 cents (-2.1%) at $14.96 as of 3:21 p.m. ET.
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SunPower has a market cap of $1.57 billion and is part of the technology sector and electronics industry. Shares are up 131.3% year to date as of the close of trading on Thursday. 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. TheStreet Ratings rates SunPower 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. You can view the full SunPower Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.