Sunworks, Inc. (SUNW) Receives Average Recommendation of “Hold” from Analysts
Shares of Sunworks, Inc. (NASDAQ:SUNW) have received a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $2.67.
SUNW has been the topic of several research reports. Cowen and Company set a $3.00 price objective on shares of Sunworks and gave the stock a “buy” rating in a report on Friday, August 11th. Chardan Capital upgraded shares of Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 target price for the company in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, ValuEngine upgraded shares of Sunworks from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th.
A hedge fund recently raised its stake in Sunworks stock. Sei Investments Co. grew its holdings in shares of Sunworks, Inc. (NASDAQ:SUNW) by 20.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,234 shares of the semiconductor company’s stock after purchasing an additional 10,408 shares during the quarter. Sei Investments Co. owned about 0.27% of Sunworks worth $107,000 at the end of the most recent reporting period. 6.16% of the stock is owned by hedge funds and other institutional investors.
Sunworks (NASDAQ:SUNW) last released its quarterly earnings data on Thursday, August 10th. The semiconductor company reported $0.04 earnings per share for the quarter. Sunworks had a negative net margin of 15.37% and a negative return on equity of 54.69%. The firm had revenue of $25.01 million for the quarter, compared to the consensus estimate of $25.20 million.
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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