Somewhat Favorable Press Coverage Somewhat Unlikely to Affect SunPower Corporation (SPWR) Share Price

Media headlines about SunPower Corporation (NASDAQ:SPWR) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SunPower Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.5319500165669 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Several research firms recently weighed in on SPWR. Deutsche Bank AG boosted their price objective on SunPower Corporation from $6.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Vetr cut SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $12.52 price objective for the company. in a research report on Monday, July 31st. BidaskClub cut SunPower Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Axiom Securities reissued a “buy” rating on shares of SunPower Corporation in a research report on Saturday, July 22nd. Finally, Macquarie cut SunPower Corporation from an “outperform” rating to a “neutral” rating in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.27.

SunPower Corporation (NASDAQ:SPWR) traded up 0.45% during trading on Tuesday, reaching $6.77. The company’s stock had a trading volume of 2,263,396 shares. The firm’s 50-day moving average is $7.94 and its 200-day moving average is $8.24. SunPower Corporation has a 52-week low of $5.84 and a 52-week high of $11.70. The stock’s market cap is $944.35 million.

SunPower Corporation (NASDAQ:SPWR) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported ($0.39) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $341.50 million during the quarter, compared to the consensus estimate of $312.58 million. During the same period last year, the business posted ($0.22) earnings per share. The business’s revenue for the quarter was down 15.0% compared to the same quarter last year. Equities research analysts forecast that SunPower Corporation will post ($1.08) EPS for the current 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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