Sunworks Inc (SUNW) Trading 2.4% Higher
Sunworks Inc (NASDAQ:SUNW) shares traded up 2.4% on Monday . The stock traded as high as $2.99 and last traded at $2.96, with a volume of 62,547 shares traded. The stock had previously closed at $2.89.
Several research analysts have weighed in on the company. Zacks Investment Research raised Sunworks from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. TheStreet raised Sunworks from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Finally, Chardan Capital assumed coverage on Sunworks in a research report on Thursday, August 4th. They issued a “buy” rating and a $5.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sunworks has a consensus rating of “Buy” and a consensus price target of $4.58.
The company’s 50-day moving average price is $2.83 and its 200 day moving average price is $2.62. The stock has a market cap of $61.31 million and a PE ratio of 25.79.
Sunworks (NASDAQ:SUNW) last released its earnings results on Wednesday, August 10th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.02. The firm earned $31.50 million during the quarter, compared to the consensus estimate of $11 million. Equities analysts forecast that Sunworks Inc will post $0.06 earnings per share for the current fiscal year.
In other news, insider Abraham Richard Emard sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $3.33, for a total value of $38,628.00. Following the completion of the transaction, the insider now owns 775,842 shares in the company, valued at approximately $2,583,553.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.