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. “
SUNW has been the subject of a number of other reports. Chardan Capital reaffirmed a neutral rating on shares of Sunworks in a report on Thursday, August 22nd. ValuEngine raised shares of Sunworks from a hold rating to a buy rating in a report on Saturday, August 31st.
Sunworks (NASDAQ:SUNW) last released its quarterly earnings data on Friday, August 2nd. The semiconductor company reported ($0.02) earnings per share for the quarter. Sunworks had a negative net margin of 10.45% and a negative return on equity of 57.74%. The company had revenue of $18.66 million for the quarter, compared to analysts’ expectations of $19.00 million. On average, analysts forecast that Sunworks will post -1.19 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Sunworks by 124.4% during the second quarter. BlackRock Inc. now owns 111,529 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 61,826 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Sunworks by 113.3% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 1,066,669 shares of the semiconductor company’s stock valued at $2,526,000 after buying an additional 566,575 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Sunworks by 392.2% during the second quarter. Vanguard Group Inc. now owns 1,143,273 shares of the semiconductor company’s stock valued at $623,000 after buying an additional 910,982 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.
Sunworks Company Profile
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.
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