Media headlines about SunPower Corporation (NASDAQ:SPWR) have trended somewhat positive on Saturday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SunPower Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 44.9816574163556 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Shares of SunPower Corporation (SPWR) traded up 3.66% during mid-day trading on Friday, reaching $7.64. 8,946,594 shares of the company’s stock traded hands. The firm’s 50-day moving average is $9.09 and its 200 day moving average is $8.18. The firm’s market cap is $1.07 billion. SunPower Corporation has a one year low of $5.84 and a one year high of $11.70.

SunPower Corporation (NASDAQ:SPWR) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.24. The business had revenue of $341.50 million for the quarter, compared to analyst estimates of $312.58 million. SunPower Corporation had a negative net margin of 21.84% and a negative return on equity of 12.56%. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.22) earnings per share. Analysts predict that SunPower Corporation will post ($1.06) earnings per share for the current year.

A number of research analysts have recently issued reports on the stock. Cowen and Company set a $12.00 price objective on shares of SunPower Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of SunPower Corporation from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Monday, August 7th. ValuEngine raised shares of SunPower Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised shares of SunPower Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG boosted their target price on shares of SunPower Corporation from $6.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.48.

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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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