Sunworks, Inc. (NASDAQ:SUNW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

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. “

Several other brokerages also recently commented on SUNW. Chardan Capital downgraded shares of Sunworks from a “buy” rating to a “neutral” rating in a research report on Monday, March 13th. Cowen and Company lowered their price objective on shares of Sunworks from $4.00 to $3.00 and set an “outperform” rating for the company in a research report on Thursday, March 30th. Finally, TheStreet downgraded shares of Sunworks from a “c-” rating to a “d” rating in a research report on Thursday, March 16th.

Sunworks (NASDAQ:SUNW) traded down 4.32% during midday trading on Wednesday, reaching $1.55. The company had a trading volume of 54,551 shares. The firm has a 50-day moving average of $1.51 and a 200-day moving average of $1.80. The stock’s market cap is $34.78 million. Sunworks has a 12 month low of $1.28 and a 12 month high of $3.36.

Sunworks (NASDAQ:SUNW) last announced its quarterly earnings data on Thursday, May 11th. The semiconductor company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.03. Sunworks had a negative net margin of 14.65% and a negative return on equity of 52.21%. The firm had revenue of $14.35 million for the quarter. During the same period in the prior year, the company posted ($0.02) EPS. On average, equities analysts expect that Sunworks will post ($0.03) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in SUNW. Vanguard Group Inc. increased its position in shares of Sunworks by 1.3% in the first quarter. Vanguard Group Inc. now owns 716,524 shares of the semiconductor company’s stock valued at $1,089,000 after buying an additional 9,500 shares during the period. Renaissance Technologies LLC bought a new position in shares of Sunworks during the fourth quarter valued at about $125,000. Finally, Credit Agricole S A bought a new position in shares of Sunworks during the fourth quarter valued at about $793,000. Institutional investors own 5.48% of the company’s stock.

Sunworks Company Profile

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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