Sunworks Inc (SUNW) Stock Price Up 8.1%
Shares of Sunworks Inc (NASDAQ:SUNW) rose 8.1% during mid-day trading on Friday . The stock traded as high as $2.40 and last traded at $2.40, with a volume of 126,979 shares. The stock had previously closed at $2.22.
SUNW has been the topic of several recent analyst reports. TheStreet raised Sunworks from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd. Zacks Investment Research cut Sunworks from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th.
The stock has a market cap of $46.64 million and a price-to-earnings ratio of 25.93. The firm’s 50 day moving average is $2.31 and its 200-day moving average is $2.64.
Sunworks (NASDAQ:SUNW) last announced its quarterly earnings results on Wednesday, May 11th. The company reported ($0.02) EPS for the quarter. The business had revenue of $19.60 million for the quarter, compared to analyst estimates of $5.70 million. Equities analysts anticipate that Sunworks Inc will post $0.19 earnings per share for the current year.
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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