Media headlines about SunPower (NASDAQ:SPWR) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SunPower earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.5769289207078 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Traders Recap: Sunpower Corporation (SPWR) (postregistrar.com)
- to-the-point: SunPower, Atlas to develop solar project in Mexico’s Hidalgo (renewablesnow.com)
- Ross Solar Honored with SunPower 2017 “Commercial National Dealer of the Year” Award (markets.financialcontent.com)
- Global Solar PV Market 2018 Top Players : Kyocera Solar, SunPower, REC Group, Solar Frontier, Solarworld (newsofsoftware.com)
- GUHSD juniors, seniors attend SunPower Solar Energy Academy (digitaljournal.com)
Several research firms have issued reports on SPWR. BidaskClub upgraded shares of SunPower from a “sell” rating to a “hold” rating in a research note on Tuesday. UBS began coverage on shares of SunPower in a research note on Thursday, March 15th. They issued a “neutral” rating and a $8.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of SunPower from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, February 15th. Oppenheimer restated a “market perform” rating and issued a $10.00 price objective on shares of SunPower in a research note on Thursday, February 15th. Finally, Zacks Investment Research downgraded shares of SunPower from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. SunPower currently has an average rating of “Hold” and a consensus target price of $9.11.
SunPower (NASDAQ:SPWR) last announced its earnings results on Wednesday, February 14th. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.34. SunPower had a negative net margin of 45.47% and a negative return on equity of 8.74%. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $796.62 million. During the same period in the prior year, the company earned ($0.64) earnings per share. The business’s revenue was down 24.9% compared to the same quarter last year. research analysts forecast that SunPower will post -1.29 EPS for the current fiscal year.
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SunPower Company Profile
SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.
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