Sunworks, Inc. (NASDAQ:SUNW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, October 17th.
According to Zacks, “Sunworks, Inc. provides solar power solutions. The company focused on the design, installation and management of solar power systems for commercial, agricultural and residential customers. Sunworks, Inc., formerly known as Solar3D, Inc., is based in Roseville, United States. “
Other equities analysts have also issued research reports about the stock. Chardan Capital upgraded shares of Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 price target for the company in a research report on Monday, October 2nd. Cowen and Company set a $3.00 target price on shares of Sunworks and gave the stock a “buy” rating in a research report on Friday, August 11th. Roth Capital began coverage on shares of Sunworks in a research report on Tuesday, June 27th. They set a “neutral” rating and a $2.50 target price for the company. Finally, ValuEngine upgraded shares of Sunworks from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $2.67.
Sunworks (NASDAQ:SUNW) traded down $0.01 on Tuesday, reaching $1.37. 109,114 shares of the company’s stock traded hands, compared to its average volume of 109,375. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.23 and a current ratio of 1.40. Sunworks has a 1 year low of $1.28 and a 1 year high of $3.10.
Sunworks (NASDAQ:SUNW) last announced its earnings results on Thursday, August 10th. The semiconductor company reported $0.04 EPS for the quarter. The company had revenue of $25.01 million during the quarter, compared to the consensus estimate of $25.20 million. Sunworks had a negative net margin of 15.37% and a negative return on equity of 54.69%. equities research analysts anticipate that Sunworks will post -0.02 earnings per share for the current year.
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An institutional investor recently raised its position in Sunworks stock. Sei Investments Co. grew its holdings in shares of Sunworks, Inc. (NASDAQ:SUNW) by 20.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,234 shares of the semiconductor company’s stock after acquiring an additional 10,408 shares during the quarter. Sei Investments Co. owned 0.27% of Sunworks worth $107,000 at the end of the most recent quarter. 6.16% of the stock is currently owned by institutional investors.
Sunworks Company Profile
Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.
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