According to Zacks, “Sunworks, Inc. provides solar power solutions. The company focused on the design, installation and management of solar power systems for commercial, agricultural and residential customers. Sunworks, Inc., formerly known as Solar3D, Inc., is based in Roseville, United States. “
Separately, ValuEngine cut shares of Sunworks from a buy rating to a hold rating in a research note on Thursday, August 8th.
Sunworks (NASDAQ:SUNW) last posted its quarterly earnings results on Friday, August 2nd. The semiconductor company reported $0.00 earnings per share for the quarter. Sunworks had a negative net margin of 10.45% and a negative return on equity of 57.74%. The business had revenue of $18.66 million for the quarter, compared to analysts’ expectations of $19.00 million. As a group, equities analysts predict that Sunworks will post -0.17 earnings per share for the current year.
A hedge fund recently raised its stake in Sunworks stock. BlackRock Inc. lifted its stake in shares of Sunworks Inc (NASDAQ:SUNW) by 124.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,529 shares of the semiconductor company’s stock after purchasing an additional 61,826 shares during the quarter. BlackRock Inc. owned about 0.36% of Sunworks worth $61,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.15% of the company’s stock.
Sunworks, Inc, through its subsidiaries, provides photo voltaic based power systems for the agricultural, commercial, industrial, and residential markets in California, Nevada, Oregon, and Washington, the United States. The company also designs, arranges, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects.
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