Somewhat Positive Media Coverage Somewhat Unlikely to Impact SunPower Corporation (SPWR) Share Price
News coverage about SunPower Corporation (NASDAQ:SPWR) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SunPower Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 44.6452262837814 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Analyst’s Rankings to Lookout: TD Ameritrade Holding Corporation (AMTD), SunPower Corporation (SPWR) – Hi-tech Beacon (hitechbeacon.com)
- SunPower Corporation (SPWR) Earns Buy Rating from Cowen and Company (americanbankingnews.com)
- Short Interest in SunPower Corporation (SPWR) Declines By 12.2% (americanbankingnews.com)
- SunPower Corporation (SPWR)- Stocks Skyrockets on Performance Assessment – NASDAQ Times (nasdaqtimes.com)
- SunPower Corporation (NASDAQ:SPWR) Launches Its Industry’s best Power And Product Warranty – Journal Transcript (journaltranscript.com)
Several research firms have recently commented on SPWR. Cowen and Company reaffirmed a “buy” rating and set a $12.00 price target on shares of SunPower Corporation in a research report on Sunday. Macquarie lowered shares of SunPower Corporation from an “outperform” rating to a “neutral” rating in a research report on Friday, September 8th. ValuEngine raised shares of SunPower Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price target on shares of SunPower Corporation in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of SunPower Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Monday, August 7th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.48.
SunPower Corporation (SPWR) traded down 2.10% during trading on Friday, hitting $8.39. 3,376,968 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $9.25 and its 200 day moving average price is $8.19. SunPower Corporation has a 12-month low of $5.84 and a 12-month high of $11.70. The stock’s market cap is $1.17 billion.
SunPower Corporation (NASDAQ:SPWR) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.24. SunPower Corporation had a negative net margin of 21.84% and a negative return on equity of 12.56%. The business had revenue of $341.50 million for the quarter, compared to the consensus estimate of $312.58 million. During the same quarter last year, the firm posted ($0.22) EPS. The business’s revenue for the quarter was down 15.0% compared to the same quarter last year. Analysts anticipate that SunPower Corporation will post ($0.99) earnings per share for the current fiscal year.
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SunPower Corporation 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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