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

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 lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.6%. By the end of trading, SunPower Corporation fell $1.70 (-7.5%) to $21.00 on heavy volume. Throughout the day, 12,135,944 shares of SunPower Corporation exchanged hands as compared to its average daily volume of 5,557,600 shares. The stock ranged in price between $20.90-$23.76 after having opened the day at $23.00 as compared to the previous trading day's close of $22.70. Other companies within the Electronics industry that declined today were: IEC Electronics Corporation ( IEC), down 16.2%, SolarCity ( SCTY), down 13.7%, China Sunergy ( CSUN), down 11.1% and Uni-pixel ( UNXL), down 9.6%.
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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 $2.5 billion and is part of the technology sector. Shares are up 274.9% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate SunPower Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates SunPower Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the positive front, Suntech Power Holdings ( STP), down 52.7%, Renewable Energy Trade Board ( EBOD), down 40.9%, Plug Power ( PLUG), down 26.4% and Spire Corporation ( SPIR), down 22.7% , were all gainers within the electronics industry with Xilinx ( XLNX) being today's featured electronics industry leader.

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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