Sunworks (SUNW) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sunworks in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SUNW shares.
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2 Wall Street research analysts have issued 1 year target prices for Sunworks' stock. Their SUNW share price forecasts range from $1.20 to $5.00. On average, they anticipate the company's stock price to reach $3.40 in the next year. This suggests a possible upside of 567.1% from the stock's current price.
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Sunworks' stock was trading at $1.58 at the beginning of 2023. Since then, SUNW stock has decreased by 67.7% and is now trading at $0.5097.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Sunworks, Inc. (NASDAQ:SUNW) issued its earnings results on Monday, August, 14th. The semiconductor company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by $0.18. The semiconductor company had revenue of $34.64 million for the quarter, compared to the consensus estimate of $34 million. Sunworks had a negative net margin of 18.87% and a negative trailing twelve-month return on equity of 51.53%.

Shares of Sunworks reverse split before market open on Friday, August 30th 2019. The 1-7 reverse split was announced on Thursday, August 29th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, August 29th 2019. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

Sunworks issued an update on its second quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $33.00 million-$35.00 million, compared to the consensus revenue estimate of $43.60 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sunworks investors own include Advanced Micro Devices (AMD), Plug Power (PLUG), Biocept (BIOC), iBio (IBIO), Sorrento Therapeutics (SRNE), Inovio Pharmaceuticals (INO), Nokia Oyj (NOK), Onconova Therapeutics (ONTX) and VBI Vaccines (VBIV).

Sunworks trades on the NASDAQ under the ticker symbol "SUNW."

Shares of SUNW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SUNW stock can currently be purchased for approximately $0.51.

Sunworks (NASDAQ:SUNW) has a market capitalization of $22.58 million and generates $166.88 million in revenue each year. The semiconductor company earns $-28,210,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis.

The company employs 622 workers across the globe.

Sunworks' mailing address is 1030 WINDING CREEK ROAD SUITE 100, ROSEVILLE CA, 95678. The official website for the company is sunworksusa.com. The semiconductor company can be reached via phone at (866) 600-6800, via email at rob@fnkir.com, or via fax at 805-456-0397.