SunPower Reaches New 52-Week High (SPWR)

NEW YORK ( TheStreet) -- SunPower Corporation (Nasdaq: SPWR) hit a new 52-week high Friday as it is currently trading at $23.80, above its previous 52-week high of $23.76 with 2.7 million shares traded as of 11:56 a.m. ET. Average volume has been 6.3 million shares over the past 30 days.

SunPower has a market cap of $2.66 billion and is part of the technology sector and electronics industry. Shares are up 294.3% year to date as of the close of trading on Wednesday.

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.

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TheStreet Ratings rates SunPower 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. You can view the full SunPower Ratings Report.

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