SunPower (SPWR) Earns Coverage Optimism Score of 0.13
Media stories about SunPower (NASDAQ:SPWR) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty 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 0.13 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 45.1506033271937 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- SunPower (SPWR) Cut to Sell at BidaskClub (americanbankingnews.com)
- SunPower’s (SPWR) “Hold” Rating Reiterated at Guggenheim (americanbankingnews.com)
- News Review: Energizer Holdings, Inc. (NYSE:ENR), SunPower Corporation (NASDAQ:SPWR) – The Oracle Examiner (oracleexaminer.com)
- Most Shocking Stock Movements: SunPower Corporation (SPWR), Pier 1 Imports, Inc. (PIR) – Market Movers (financialqz.com)
- SunPower Oasis Power Plant Begins Operation at Total’s La Mède Refinery (prnewswire.com)
Shares of SunPower (SPWR) opened at $8.65 on Friday. SunPower has a 52-week low of $5.84 and a 52-week high of $11.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.41 and a quick ratio of 1.02.
Several analysts recently issued reports on SPWR shares. Bank of America reduced their price target on shares of SunPower from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 26th. Morgan Stanley lowered shares of SunPower from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $7.22 to $6.00 in a research report on Wednesday, September 27th. Zacks Investment Research lowered shares of SunPower from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of SunPower from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. Finally, Robert W. Baird upgraded shares of SunPower from a “neutral” rating to an “outperform” rating and raised their target price for the company from $7.00 to $10.00 in a research report on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.85.
In other news, Director Catherine A. Lesjak sold 23,632 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $7.50, for a total transaction of $177,240.00. Following the completion of the transaction, the director now owns 55,924 shares of the company’s stock, valued at $419,430. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is currently owned by company insiders.
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SunPower 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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