Sunworks Inc (SUNW) Stock Price Up 3.4%
Sunworks Inc (NASDAQ:SUNW)’s share price rose 3.4% on Monday . The company traded as high as $3.08 and last traded at $3.00, with a volume of 349,012 shares traded. The stock had previously closed at $2.90.
SUNW has been the topic of a number of recent research reports. TheStreet upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Zacks Investment Research upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th.
The stock has a market cap of $64.03 million and a P/E ratio of 35.60. The firm’s 50-day moving average is $2.51 and its 200-day moving average is $2.58.
Sunworks (NASDAQ:SUNW) last released its earnings results on Wednesday, May 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $19.60 million for the quarter, compared to analyst estimates of $5.70 million. Equities research analysts predict that Sunworks Inc will post $0.19 earnings per share for the current fiscal 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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