Sunworks Inc (NASDAQ:SUNW) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus target price of $5.50 for the company and are predicting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also given Sunworks an industry rank of 106 out of 265 based on the ratings given to its competitors.

A number of equities analysts have commented on SUNW shares. Zacks Investment Research upgraded shares of Sunworks from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Thursday, August 25th. Chardan Capital started coverage on shares of Sunworks in a report on Thursday, August 4th. They issued a “buy” rating and a $5.00 price objective on the stock.

Shares of Sunworks (NASDAQ:SUNW) opened at 3.00 on Tuesday. Sunworks has a 52 week low of $1.84 and a 52 week high of $4.07. The firm has a market cap of $62.56 million, a P/E ratio of 26.32 and a beta of 2.14. The stock’s 50 day moving average is $2.74 and its 200 day moving average is $2.63.

Sunworks (NASDAQ:SUNW) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $31.50 million for the quarter, compared to analysts’ expectations of $11 million. On average, equities research analysts predict that Sunworks 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 business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $3.33, for a total value of $38,628.00. Following the completion of the sale, the insider now owns 775,842 shares of the company’s stock, valued at approximately $2,583,553.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

An institutional investor recently raised its position in Sunworks stock. BlackRock Fund Advisors increased its stake in Sunworks Inc (NASDAQ:SUNW) by 24.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,176 shares of the company’s stock after buying an additional 11,328 shares during the period. BlackRock Fund Advisors owned about 0.29% of Sunworks worth $133,000 at the end of the most recent quarter.

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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