Sunworks Inc (SUNW) Trading 2.5% Higher
Sunworks Inc (NASDAQ:SUNW)’s share price rose 2.5% on Tuesday . The stock traded as high as $2.93 and last traded at $2.87, with a volume of 188,820 shares trading hands. The stock had previously closed at $2.80.
SUNW has been the topic of several recent research reports. Chardan Capital initiated coverage on Sunworks in a report on Thursday, August 4th. They set a “buy” rating and a $5.00 target price on the stock. Zacks Investment Research upgraded Sunworks from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Finally, TheStreet upgraded Sunworks from a “sell” rating to a “hold” rating in a report on Friday, June 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $4.58.
The company has a 50-day moving average price of $2.67 and a 200-day moving average price of $2.61. The firm has a market cap of $57.31 million and a price-to-earnings ratio of 31.87.
Sunworks (NASDAQ:SUNW) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.02. The firm had revenue of $31.50 million for the quarter, compared to the consensus estimate of $11 million. Equities research analysts predict that Sunworks Inc will post $0.12 EPS for the current fiscal year.
In other news, insider Abraham Richard Emard sold 15,200 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $3.27, for a total value of $49,704.00. Following the completion of the transaction, the insider now owns 787,442 shares of the company’s stock, valued at approximately $2,574,935.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
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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