Sunworks (SUNW) Given News Impact Rating of 0.12
News headlines about Sunworks (NASDAQ:SUNW) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sunworks earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.4784616330767 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Sunworks, Inc. (NASDAQ:SUNW) Experiences Light Trading Volume – First News 24 (firstnewspaper24.com)
- JinkoSolar Holding Company Limited (JKS) & Sunworks (SUNW) Financial Survey (americanbankingnews.com)
- Sunworks, Inc. (SUNW) could lead to an upward move | Analysts Buzz – Voice Of Analysts (analystsbuzz.com)
A number of brokerages recently commented on SUNW. Roth Capital began coverage on Sunworks in a report on Tuesday, June 27th. They issued a “neutral” rating and a $2.50 target price on the stock. Cowen and Company set a $3.00 price target on Sunworks and gave the company a “buy” rating in a report on Friday, August 11th. Zacks Investment Research raised Sunworks from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, ValuEngine raised Sunworks from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $2.75.
Sunworks (SUNW) traded down 3.4558% during midday trading on Monday, reaching $1.4192. The company’s stock had a trading volume of 191,033 shares. Sunworks has a one year low of $1.28 and a one year high of $3.25. The stock’s market cap is $31.87 million. The stock’s 50 day moving average price is $1.61 and its 200-day moving average price is $1.61.
Sunworks (NASDAQ:SUNW) last issued its quarterly earnings data on Thursday, August 10th. The semiconductor company reported $0.04 earnings per share for the quarter. The business had revenue of $25.01 million during the quarter, compared to the consensus estimate of $25.20 million. Sunworks had a negative net margin of 15.37% and a negative return on equity of 54.69%. On average, analysts forecast that Sunworks will post ($0.03) EPS for the current fiscal year.
In other Sunworks news, COO Abraham Richard Emard sold 34,500 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $1.79, for a total value of $61,755.00. Following the completion of the transaction, the chief operating officer now owns 684,046 shares in the company, valued at $1,224,442.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 245,239 shares of company stock valued at $464,391. Insiders own 5.55% of the company’s stock.
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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