Zacks Investment Research Lowers Sunworks (NASDAQ:SUNW) to Sell

Share on StockTwits

Zacks Investment Research cut shares of Sunworks (NASDAQ:SUNW) from a hold rating to a sell rating in a research note published on Tuesday, Zacks.com reports.

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.

Shares of Sunworks stock opened at $0.43 on Tuesday. The company has a market cap of $13.70 million, a P/E ratio of -3.07 and a beta of 2.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.98. Sunworks has a one year low of $0.25 and a one year high of $1.97. The firm has a fifty day moving average of $0.53 and a two-hundred day moving average of $0.66.

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.

About Sunworks

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.

Featured Story: Treasury Bonds

Get a free copy of the Zacks research report on Sunworks (SUNW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sunworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunworks and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SunOpta  Downgraded by Zacks Investment Research
SunOpta Downgraded by Zacks Investment Research
Zacks Investment Research Lowers Sunworks  to Sell
Zacks Investment Research Lowers Sunworks to Sell
Zacks Investment Research Lowers Surface Oncology  to Sell
Zacks Investment Research Lowers Surface Oncology to Sell
ValuEngine Lowers Vocera Communications  to Hold
ValuEngine Lowers Vocera Communications to Hold
Zacks Investment Research Lowers BlackRock TCP Capital  to Sell
Zacks Investment Research Lowers BlackRock TCP Capital to Sell
BIO-TECHNE  Cut to “Sell” at Zacks Investment Research
BIO-TECHNE Cut to “Sell” at Zacks Investment Research


© 2006-2019 Ticker Report