Sunworks Inc (NASDAQ:SUNW) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $5.50 for the company and are forecasting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also given Sunworks an industry rank of 103 out of 265 based on the ratings given to its competitors.

SUNW has been the topic of several recent research reports. Zacks Investment Research upgraded Sunworks from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a report on Thursday, August 25th. Chardan Capital initiated coverage on Sunworks in a report on Thursday, August 4th. They issued a “buy” rating and a $5.00 price target on the stock.

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In other news, insider Abraham Richard Emard sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $3.33, for a total value of $38,628.00. Following the transaction, the insider now owns 775,842 shares in the company, valued at $2,583,553.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A hedge fund recently raised its stake in Sunworks stock. BlackRock Fund Advisors increased its position in shares of Sunworks Inc (NASDAQ:SUNW) by 24.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,176 shares of the company’s stock after buying an additional 11,328 shares during the period. BlackRock Fund Advisors owned 0.29% of Sunworks worth $133,000 at the end of the most recent reporting period.

Sunworks (NASDAQ:SUNW) traded down 3.08% on Tuesday, hitting $2.83. The company had a trading volume of 82,627 shares. The stock has a market capitalization of $59.01 million, a PE ratio of 24.82 and a beta of 2.14. Sunworks has a one year low of $1.84 and a one year high of $4.07. The stock has a 50 day moving average of $2.74 and a 200-day moving average of $2.63.

Sunworks (NASDAQ:SUNW) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.02. The business earned $31.50 million during the quarter, compared to analyst estimates of $11 million. Equities analysts anticipate that Sunworks will post $0.06 EPS for the current year.

About Sunworks

Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.

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