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. “
A number of other brokerages have also commented on SUNW. ValuEngine raised Sunworks from a hold rating to a buy rating in a research report on Saturday, August 31st. Chardan Capital reaffirmed a neutral rating on shares of Sunworks in a research report on Thursday, August 22nd.
Sunworks (NASDAQ:SUNW) last issued its earnings results on Friday, August 2nd. The semiconductor company reported ($0.02) EPS for the quarter. Sunworks had a negative net margin of 10.45% and a negative return on equity of 57.74%. The firm had revenue of $18.66 million during the quarter, compared to the consensus estimate of $19.00 million. On average, sell-side analysts expect that Sunworks will post -0.84 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Sunworks by 124.4% during the 2nd quarter. BlackRock Inc. now owns 111,529 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 61,826 shares in the last quarter. Vanguard Group Inc. increased its holdings in Sunworks by 392.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,143,273 shares of the semiconductor company’s stock worth $623,000 after purchasing an additional 910,982 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in Sunworks by 113.3% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,066,669 shares of the semiconductor company’s stock worth $2,526,000 after purchasing an additional 566,575 shares in the last quarter. 6.91% of the stock is owned by hedge funds and other institutional investors.
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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