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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 1.0%. By the end of trading, SunPower Corporation fell $3.75 (-13.6%) to $23.90 on heavy volume. Throughout the day, 13,273,982 shares of SunPower Corporation exchanged hands as compared to its average daily volume of 5,654,900 shares. The stock ranged in price between $23.51-$27.70 after having opened the day at $27.61 as compared to the previous trading day's close of $27.65. Other companies within the Electronics industry that declined today were: Entropic Communications ( ENTR), down 10.2%, Integrated Silicon Solution ( ISSI), down 9.5%, Hanwha SolarOne ( HSOL), down 7.6% and Alliance Fiber Optic Products ( AFOP), down 7.2%.

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 $3.4 billion and is part of the technology sector. Shares are up 392.0% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate SunPower Corporation a buy, 1 analyst rates it a sell, and 5 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, SatCon Technology Corporation ( SATC), up 44.4%, Affymetrix ( AFFX), up 13.7%, Bel Fuse ( BELFA), up 10.7% and Bruker Corporation ( BRKR), up 10.3% , were all gainers within the electronics industry with ASML ( ASML) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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