Media coverage about SunPower Corporation (NASDAQ:SPWR) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty 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 news impact score of 0.14 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.6833561429978 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern’s scoring:

Shares of SunPower Corporation (SPWR) traded down 1.11% during midday trading on Wednesday, reaching $8.92. The company’s stock had a trading volume of 1,987,640 shares. The company’s market capitalization is $1.24 billion. SunPower Corporation has a 1-year low of $5.84 and a 1-year high of $11.70. The stock has a 50 day moving average of $9.88 and a 200-day moving average of $8.08.

SunPower Corporation (NASDAQ:SPWR) last posted its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.24. The business had revenue of $341.50 million during the quarter, compared to the consensus estimate of $312.58 million. SunPower Corporation had a negative net margin of 21.84% and a negative return on equity of 12.56%. SunPower Corporation’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.22) earnings per share. On average, equities research analysts anticipate that SunPower Corporation will post ($0.98) earnings per share for the current year.

SPWR has been the topic of a number of research reports. Zacks Investment Research raised SunPower Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, August 7th. Axiom Securities reissued a “buy” rating on shares of SunPower Corporation in a report on Saturday, July 22nd. Vetr raised SunPower Corporation from a “buy” rating to a “strong-buy” rating and set a $12.52 price target on the stock in a report on Tuesday, July 18th. BidaskClub raised SunPower Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Deutsche Bank AG raised their price target on SunPower Corporation from $6.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. SunPower Corporation currently has an average rating of “Hold” and an average price target of $9.25.

WARNING: “SunPower Corporation (SPWR) Given Daily Media Sentiment Score of 0.14” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/08/30/sunpower-corporation-spwr-given-daily-media-sentiment-score-of-0-14.html.

About SunPower Corporation

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.

Insider Buying and Selling by Quarter for SunPower Corporation (NASDAQ:SPWR)

Receive News & Stock Ratings for SunPower Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunPower Corporation and related stocks with our FREE daily email newsletter.