Volume Spike Investor

SunPower Corporation (NASDAQ: SPWRA) closed at $33.30 before its earnings of $0.42 EPS as revenues rose 56% to $466 million vs. Thomson Reuters estimates of $0.40 EPS and $420.1M revenue; Gross margin was down 1.9% at 20.7%.  The problem is mixed guidance: $1.15 to $1.25 EPS for 2009 vs. $1.21 consensus on revenues of $1.425 to $1.50 billion (prior was $1.35 to 1.70 billion and estimate is $1.43 billion.  At 5:26 PM EST last night shares were down 10.5% at $29.80 on 622,724 in the after-hours session.  At 8:28 AM EST we have shares trading down ‘only’ 9.9% at $30.00 on 27,032 shares.  Be advised that there are also some B shares as SunPower Corporation (NASDAQ: SPWRB), and those shares are down 8.7% at $26.63 on only about 200 shares with an average volume only of about 500,000 shares.  -JON C. OGG