SunWorks Inc (SUNWQ)

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Sunworks Inc (NASDAQ:SUNW) Receives Consensus Rating of “Strong Buy” from Brokerages
August 15th, 2016 - 0 comments - Filed Under - by Latisha Jones
http://www.dailypolitical.com/2016/08/15/sunworks-inc-nasdaqsunw-receives-consensus-rating-of-strong-buy-from-brokerages/

Sunworks Inc (NASDAQ:SUNW) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company,Zacks Investment Research reports.

Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective of $5.25 for the company, according to Zacks.

Zacks has also given Sunworks an industry rank of 155 out of 265 based on the ratings given to its competitors.

Sunworks (NASDAQ:SUNW) opened at 2.80 on Thursday. Sunworks has a 52 week low of $1.84 and a 52 week high of $4.07. The stock has a market cap of $55.33 million and a P/E ratio of 30.77. The company’s 50 day moving average is $2.67 and its 200 day moving average is $2.61.
Sunworks (NASDAQ:SUNW) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $31.50 million for the quarter, compared to analysts’ expectations of $11 million. Equities analysts predict that Sunworks will post $0.12 earnings per share for the current year.

In other Sunworks news, insider Abraham Richard Emard sold 11,600 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $3.33, for a total transaction of $38,628.00. Following the transaction, the insider now owns 775,842 shares of the company’s stock, valued at approximately $2,583,553.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

http://www.sec.gov/Archives/edgar/data/1172631/000149315216012058/xslF345X01/form4.xml

Several brokerages recently weighed in on SUNW. Zacks Investment Research upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. TheStreet upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Finally, Chardan Capital began coverage on shares of Sunworks in a research report on Thursday, August 4th. They issued a “buy” rating and a $5.00 price objective on the stock.

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.