SunPower Co. (NASDAQ:SPWR) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.42 and last traded at $6.48, with a volume of 21926 shares traded. The stock had previously closed at $6.59.

Several research firms have issued reports on SPWR. BidaskClub downgraded SunPower from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. ValuEngine upgraded SunPower from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. JPMorgan Chase & Co. lowered their price objective on SunPower from $9.50 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, June 7th. Finally, Robert W. Baird downgraded SunPower from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $10.00 to $7.00 in a research report on Monday, June 11th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. SunPower currently has a consensus rating of “Hold” and an average price target of $8.22.

The company has a debt-to-equity ratio of 9.81, a current ratio of 1.75 and a quick ratio of 1.22. The stock has a market capitalization of $946.06 million, a PE ratio of -15.74 and a beta of 2.06.

SunPower (NASDAQ:SPWR) last issued its quarterly earnings data on Monday, July 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.28. SunPower had a positive return on equity of 1.37% and a negative net margin of 60.01%. The company had revenue of $449.09 million for the quarter, compared to the consensus estimate of $389.86 million. During the same quarter last year, the business posted ($0.35) earnings per share. The firm’s revenue was up 36.9% compared to the same quarter last year. analysts expect that SunPower Co. will post -1.55 earnings per share for the current fiscal year.

In related news, EVP Kenneth Lawrence Mahaffey sold 27,964 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $7.30, for a total value of $204,137.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPWR. DekaBank Deutsche Girozentrale purchased a new stake in SunPower during the first quarter valued at about $153,000. Swiss National Bank raised its position in SunPower by 7.8% during the first quarter. Swiss National Bank now owns 109,400 shares of the semiconductor company’s stock valued at $873,000 after purchasing an additional 7,900 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in SunPower by 15.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 302,586 shares of the semiconductor company’s stock valued at $2,415,000 after purchasing an additional 41,385 shares in the last quarter. KBC Group NV raised its position in SunPower by 194.2% during the first quarter. KBC Group NV now owns 214,910 shares of the semiconductor company’s stock valued at $1,715,000 after purchasing an additional 141,873 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new stake in SunPower during the first quarter valued at about $111,000. Institutional investors and hedge funds own 27.22% of the company’s stock.

SunPower Company Profile (NASDAQ:SPWR)

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.

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