SunPower Stock Falls On Unusually High Volume (SPWR)
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.
NEW YORK (TheStreet) -- SunPower Corporation (SPWR">SPWR) is trading at unusually high volume Wednesday with 7.6 million shares changing hands. It is currently at two times its average daily volume and trading down 65 cents (-5.7%) at $10.74 as of 3:41 p.m. ET.
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SunPower has a market cap of $1.16 billion and is part of the technology sector and electronics industry. Shares are up 102.7% year to date as of the close of trading on Tuesday.
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.
TheStreet Ratings rates SunPower as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and poor profit margins. You can view the full SunPower Ratings Report.
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