NASDAQ:SUNWSunworks Stock Price, Forecast & News

$0.37

+0.01 (+2.78 %)

(As of 04/9/2020 04:00 PM ET)

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Today's Range

$0.35

Now: $0.37▼

$0.38

50-Day Range

$0.33

MA: $0.53▼

$0.75

52-Week Range

$0.29

Now: $0.37▼

$13.79

Volume407,800 shs

Average Volume775,890 shs

Market Capitalization$1.95 million

P/E RatioN/A

Dividend YieldN/A

Beta2.81

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. In addition, it offers a range of installation services, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance services to its solar energy customers. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was founded in 2002 and is headquartered in Roseville, California.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Sunworks has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $0.38, Sunworks has a potential upside of 2.7% from its current price of $0.37.
Amount of Analyst Coverage
Sunworks has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Sunworks has received 159 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sunworks has received 225 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sunworks has received 58.59% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Sunworks and other stocks. Vote “Outperform” if you believe SUNW will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SUNW will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Sunworks does not currently pay a dividend.
Dividend Growth
Sunworks does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sunworks insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.80% of the stock of Sunworks is held by insiders.
Percentage Held by Institutions
Only 8.39% of the stock of Sunworks is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Sunworks are expected to decrease by -57.14% in the coming year, from ($0.21) to ($0.09) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sunworks is -0.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sunworks is -0.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Sunworks has a P/B Ratio of 0.23. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

0.75 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Telephone & telegraph apparatus

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNASDAQ:SUNW

Previous Symbol

CUSIPN/A

CIK1172631

Webhttp://sunworksusa.com/

Phone916-409-6900

Debt

Debt-to-Equity Ratio0.49

Current Ratio1.08

Quick Ratio0.92

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$59.83 million

Price / Sales0.03

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.60 per share

Price / Book0.23

Profitability

EPS (Most Recent Fiscal Year)($2.07)

Net Income$-9,190,000.00

Net Margins-15.35%

Return on Equity-125.67%

Return on Assets-31.34%

Miscellaneous

Employees208

Outstanding Shares5,281,000

Market Cap$1.95 million

Next Earnings Date5/12/2020 (Estimated)

OptionableOptionable

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Sunworks (NASDAQ:SUNW) Frequently Asked Questions

How has Sunworks' stock been impacted by COVID-19 (Coronavirus)?

Sunworks' stock was trading at $0.6107 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SUNW shares have decreased by 39.4% and is now trading at $0.37. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Sunworks?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sunworks in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Sunworks.

When is Sunworks' next earnings date?

Sunworks is scheduled to release its next quarterly earnings announcement on Tuesday, May 12th 2020. View our earnings forecast for Sunworks.

How were Sunworks' earnings last quarter?

Sunworks Inc (NASDAQ:SUNW) released its earnings results on Monday, March, 30th. The semiconductor company reported ($0.59) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.56. The semiconductor company had revenue of $14.36 million for the quarter, compared to the consensus estimate of $21 million. Sunworks had a negative net margin of 15.35% and a negative return on equity of 125.67%. View Sunworks' earnings history.

When did Sunworks' stock split? How did Sunworks' stock split work?

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 Sunworks stock prior to the reverse split would have 14 shares after the split.

What price target have analysts set for SUNW?

2 Wall Street analysts have issued twelve-month price objectives for Sunworks' stock. Their forecasts range from $0.38 to $0.38. On average, they expect Sunworks' share price to reach $0.38 in the next year. This suggests a possible upside of 2.7% from the stock's current price. View analysts' price targets for Sunworks.

Has Sunworks been receiving favorable news coverage?

Headlines about SUNW stock have been trending very negative on Thursday, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Sunworks earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave media stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutSunworks.

Are investors shorting Sunworks?

Sunworks saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 449,600 shares, an increase of 16.0% from the February 27th total of 387,500 shares. Based on an average trading volume of 475,200 shares, the days-to-cover ratio is currently 0.9 days. Currently, 9.0% of the company's shares are sold short. View Sunworks' Current Options Chain.

Who are some of Sunworks' key competitors?

Some companies that are related to Sunworks include One Horizon Group (OHGI), MER Telemanagement Solutions (MTSL), Alvarion (ALVRQ), Electronic Tele-Communications (ETCIA) and Lattice (LTTC).

What other stocks do shareholders of Sunworks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sunworks investors own include DelMar Pharmaceuticals (DMPI), Plug Power (PLUG), Advanced Micro Devices (AMD), Enphase Energy (ENPH), Micron Technology (MU), NovaBay Pharmaceuticals (NBY), BlackRock Resources and Commodities (BCX), Abeona Therapeutics (ABEO), Biocept (BIOC) and FuelCell Energy (FCEL).

Who are Sunworks' key executives?

Sunworks' management team includes the following people:

Mr. Charles F. Cargile, CEO & Director (Age 54)
Mr. Paul C. McDonnel CPA, Interim Chief Financial Officer (Age 62)
Abe Madrid, VP of Operations
Mr. Gerald A. Nadler, Chief Scientist (Age 76)
Mr. Christopher S. Outwater, Director of Bus. Devel.

What is Sunworks' stock symbol?

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

How do I buy shares of Sunworks?

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

What is Sunworks' stock price today?

One share of SUNW stock can currently be purchased for approximately $0.37.

How big of a company is Sunworks?

Sunworks has a market capitalization of $1.95 million and generates $59.83 million in revenue each year. The semiconductor company earns $-9,190,000.00 in net income (profit) each year or ($2.07) on an earnings per share basis. Sunworks employs 208 workers across the globe. View additional information about Sunworks.

What is Sunworks' official website?

The official website for Sunworks is http://sunworksusa.com/.

How can I contact Sunworks?

Sunworks' mailing address is 1030 Winding Creek Road Suite 100, Roseville CA, 95678. The semiconductor company can be reached via phone at 916-409-6900 or via email at https://ir.sunworksusa.com.

This page was last updated on 4/9/2020 by MarketBeat.com Staff