A number of other brokerages have also recently commented on SUNW. Zacks Investment Research cut shares of Sunworks from a hold rating to a sell rating in a research note on Wednesday. Chardan Capital reissued a neutral rating on shares of Sunworks in a research note on Thursday, August 22nd.
Shares of NASDAQ:SUNW traded down $0.11 on Wednesday, reaching $2.63. The company’s stock had a trading volume of 21,413 shares, compared to its average volume of 92,407. Sunworks has a 52-week low of $1.74 and a 52-week high of $13.79. The company has a market cap of $11.52 million, a P/E ratio of -2.68 and a beta of 2.92. The company has a 50-day simple moving average of $2.01 and a 200 day simple moving average of $1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.98.
Several large investors have recently modified their holdings of SUNW. BlackRock Inc. grew its stake in shares of Sunworks by 124.4% in the 2nd quarter. BlackRock Inc. now owns 111,529 shares of the semiconductor company’s stock worth $61,000 after buying an additional 61,826 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Sunworks by 392.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,143,273 shares of the semiconductor company’s stock worth $623,000 after purchasing an additional 910,982 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Sunworks by 113.3% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,066,669 shares of the semiconductor company’s stock worth $2,526,000 after purchasing an additional 566,575 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.
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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