Investors focused on the Oils-Energy space have likely heard of SunPower (SPWR Quick QuoteSPWR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SPWR and the rest of the Oils-Energy group's stocks.

SunPower is a member of the Oils-Energy sector. This group includes 311 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SPWR is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for SPWR's full-year earnings has moved 46.61% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, SPWR has returned 63.38% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 10.94% on average. This shows that SunPower is outperforming its peers so far this year.

Looking more specifically, SPWR belongs to the Solar industry, a group that includes 12 individual stocks and currently sits at #74 in the Zacks Industry Rank. This group has gained an average of 51.77% so far this year, so SPWR is performing better in this area.

Investors with an interest in Oils-Energy stocks should continue to track SPWR. The stock will be looking to continue its solid performance.