SunPower Corporation (SPWR): Today's Featured Technology 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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 2.5%. By the end of trading, SunPower Corporation fell $0.36 (-1.7%) to $21.22 on average volume. Throughout the day, 4,408,693 shares of SunPower Corporation exchanged hands as compared to its average daily volume of 5,598,100 shares. The stock ranged in price between $21.01-$21.90 after having opened the day at $21.17 as compared to the previous trading day's close of $21.58. Other companies within the Technology sector that declined today were: Silicon Graphics International ( SGI), down 24.4%, Camtek ( CAMT), down 22.8%, Inteliquent ( IQNT), down 21.5% and Selectica ( SLTC), down 19.4%.

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 $2.9 billion and is part of the electronics industry. Shares are up 284.0% 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 solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.

On the positive front, Voltari ( VLTC), up 1652.1%, CSR ( CSRE), up 184.6%, Mattersight ( MATR), up 31.3% and SMART Technologies ( SMT), up 25.1% , were all gainers within the technology sector with Western Digital Corporation ( WDC) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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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