(NASDAQ: SPWR) spooked investors back in February when it warned that, "as a result of the time and effort that was required to complete ... restatements" of certain financial reports, it wouldn't be filing its required SEC 10-K Form on time this year.

Shares of the solar power company are trading down about 15% since that announcement, and on Friday, Susquehanna International's Biju Perincheril cut his price target by roughly twice that much -- by 33% in fact, albeit to a price target of $3 that implies the stock will go up 13% from its current price over the next 12 months.

Yes, you read that right. SunPower's already said it lost nearly $250 million last year, and now it's saying the news might be even worse than that (though how much worse remains to be seen) -- yet Susquehanna thinks the stock will go up.

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Source Fool.com