News coverage about SunPower (NASDAQ:SPWR) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing 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 closest to one being the most favorable. SunPower earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.745043167629 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Short Interest in SunPower Co. (SPWR) Drops By 14.6% (americanbankingnews.com)
- Why SunPower Corporation's Shares Plunged 11% in February (finance.yahoo.com)
- New 10-Megawatt SunPower® Solar Plant Generating Power for OG&E (finance.yahoo.com)
- SunPower Corporation Vice President Investor Relations Bob Okunski to Speak at Raymond James and ROTH Conferences (finance.yahoo.com)
- California Public Employees Retirement System Has $7.55 Million Stake in SunPower Co. (SPWR) (americanbankingnews.com)
A number of analysts have commented on SPWR shares. Robert W. Baird upgraded SunPower from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $7.00 to $10.00 in a research report on Monday, December 11th. BidaskClub upgraded SunPower from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Bank of America began coverage on SunPower in a research report on Saturday, December 30th. They issued a “neutral” rating for the company. Cowen reiterated a “buy” rating and set a $10.00 target price on shares of SunPower in a research report on Thursday, February 15th. Finally, Guggenheim reiterated a “hold” rating on shares of SunPower in a research report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.22.
SunPower (NASDAQ:SPWR) last released its earnings results on Wednesday, February 14th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.34. SunPower had a negative return on equity of 8.74% and a negative net margin of 45.47%. The firm had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $796.62 million. During the same quarter last year, the business posted ($0.64) earnings per share. The firm’s revenue was down 24.9% on a year-over-year basis. research analysts predict that SunPower will post -1.29 EPS for the current year.
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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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