Sunworks Inc (SUNW) Trading 8.5% Higher
Shares of Sunworks Inc (NASDAQ:SUNW) traded up 8.5% during mid-day trading on Thursday . The company traded as high as $2.92 and last traded at $2.56, with a volume of 2,799,885 shares traded. The stock had previously closed at $2.36.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Sunworks from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet upgraded Sunworks from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd.
The firm has a market capitalization of $51.18 million and a price-to-earnings ratio of 28.46. The firm has a 50 day moving average of $2.34 and a 200-day moving average of $2.62.
Sunworks (NASDAQ:SUNW) last announced its earnings results on Wednesday, May 11th. The company reported ($0.02) earnings per share for the quarter. The firm earned $19.60 million during the quarter, compared to analyst estimates of $5.70 million. Analysts predict that Sunworks Inc will post $0.19 EPS 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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