SunPower Co. (NASDAQ:SPWR) shot up 7.1% on Tuesday . The stock traded as high as $7.41 and last traded at $7.38. 3,817,741 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 3,354,365 shares. The stock had previously closed at $6.89.

Several brokerages have weighed in on SPWR. Bank of America set a $10.00 target price on SunPower and gave the stock a “hold” rating in a report on Thursday, December 28th. Credit Suisse Group began coverage on SunPower in a report on Monday. They issued a “neutral” rating and a $7.20 target price for the company. BidaskClub upgraded SunPower from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. ValuEngine cut SunPower from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, Zacks Investment Research cut SunPower from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.97.

The stock has a market cap of $1,040.00, a PE ratio of -1.86 and a beta of 2.73. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.71.

SunPower (NASDAQ:SPWR) last released its quarterly earnings results on Wednesday, February 14th. The semiconductor company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.13. The firm had revenue of $824.00 million during the quarter, compared to analyst estimates of $796.62 million. SunPower had a negative return on equity of 20.81% and a negative net margin of 24.91%. The business’s revenue for the quarter was down 24.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.64) EPS. equities analysts anticipate that SunPower Co. will post -0.77 EPS for the current fiscal year.

In other news, Director Catherine A. Lesjak sold 23,632 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $7.50, for a total value of $177,240.00. Following the completion of the transaction, the director now directly owns 55,924 shares of the company’s stock, valued at approximately $419,430. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.92% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP acquired a new position in SunPower during the 4th quarter valued at about $1,967,000. Two Sigma Advisers LP acquired a new position in SunPower during the 4th quarter valued at about $207,000. Guggenheim Capital LLC increased its position in SunPower by 26.2% during the 4th quarter. Guggenheim Capital LLC now owns 2,237,502 shares of the semiconductor company’s stock valued at $18,864,000 after buying an additional 464,072 shares in the last quarter. Baker Avenue Asset Management LP acquired a new position in SunPower during the 4th quarter valued at about $1,022,000. Finally, Weil Company Inc. acquired a new position in SunPower during the 4th quarter valued at about $212,000. 26.15% of the stock is owned by hedge funds and other institutional investors.

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About SunPower

SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.

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