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

SunPower Corporation ( SPWR) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.6%. By the end of trading, SunPower Corporation rose $1.38 (7.3%) to $20.29 on light volume. Throughout the day, 4,416,550 shares of SunPower Corporation exchanged hands as compared to its average daily volume of 6,256,500 shares. The stock ranged in a price between $19.03-$20.31 after having opened the day at $19.14 as compared to the previous trading day's close of $18.90. Other companies within the Electronics industry that increased today were: Canadian Solar ( CSIQ), up 13.1%, Orion Energy Systems ( OESX), up 12.4%, Himax Technologies ( HIMX), up 11.2% and Affymetrix ( AFFX), up 9.4%.

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 $2.2 billion and is part of the technology sector. Shares are up 236.4% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate SunPower Corporation a buy, 1 analyst rates it a sell, and 6 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 negative front, Vimicro International Corporation ( VIMC), down 9.4%, Digital Power Corporation ( DPW), down 7.3%, Plug Power ( PLUG), down 6.5% and Rubicon Technology ( RBCN), down 5.1% , were all laggards within the electronics industry with Lam Research Corporation ( LRCX) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Total Turning to Electric Power to Hedge Oil's Eventual Downturn

Markets Close at Record High Following Trump's Paris Climate Accord Announcement

Wall Street Dissects What Trump's Comey Firing Means for Agenda, Disney Drags on Dow

Stocks Fall as Trump's Comey Firing Distracts From Progress in Tax Cut Plan

SolarEdge Earnings Prove It's an Outlier in a Bearish Market, For Now