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

Several research analysts have weighed in on SPWR shares. BidaskClub raised shares of SunPower from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. ValuEngine raised shares of SunPower from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Bank of America set a $10.00 price target on shares of SunPower and gave the company a “hold” rating in a report on Thursday, December 28th. Guggenheim reissued a “hold” rating on shares of SunPower in a report on Thursday, January 18th. Finally, Zacks Investment Research cut shares of 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 issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $9.97.

The company has a market cap of $1,010.00, a price-to-earnings ratio of -1.84 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.

In other news, Director Catherine A. Lesjak sold 23,632 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $7.50, for a total transaction of $177,240.00. Following the transaction, the director now directly owns 55,924 shares of the company’s stock, valued at $419,430. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cortland Associates Inc. MO acquired a new stake in shares of SunPower during the 3rd quarter worth approximately $109,000. Oppenheimer & Co. Inc. acquired a new stake in shares of SunPower during the 3rd quarter worth approximately $112,000. HighTower Advisors LLC acquired a new stake in shares of SunPower during the 2nd quarter worth approximately $124,000. WFG Advisors LP boosted its position in shares of SunPower by 7.6% during the 2nd quarter. WFG Advisors LP now owns 15,550 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Clarus Wealth Advisors acquired a new stake in shares of SunPower during the 4th quarter worth approximately $148,000. Institutional investors and hedge funds own 26.15% of the company’s stock.

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SunPower Company Profile

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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