SunWorks Inc (SUNWQ)

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FWIW: Zacks Investment Research Lowers Sunworks Inc (SUNW) to Hold
October 20th, 2016

http://www.dailypolitical.com/2016/10/20/zacks-investment-research-lowers-sunworks-inc-sunw-to-hold.html
Sunworks Inc (NASDAQ:SUNW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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. “

Separately, Chardan Capital started coverage on shares of Sunworks in a research note on Thursday, August 4th. They set a “buy” rating and a $5.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $4.58.

Sunworks (NASDAQ:SUNW) opened at 3.03 on Thursday. The stock has a market cap of $63.18 million, a P/E ratio of 26.58 and a beta of 2.14. The stock has a 50 day moving average price of $2.75 and a 200-day moving average price of $2.63. Sunworks has a 52 week low of $1.84 and a 52 week high of $4.07.

Sunworks (NASDAQ:SUNW) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by $0.02. The firm had revenue of $31.50 million for the quarter, compared to analysts’ expectations of $11 million. On average, equities analysts anticipate that Sunworks will post $0.06 EPS for the current fiscal year.

In related news, insider Abraham Richard Emard sold 80,679 shares of the stock in a transaction dated Wednesday, October 19th. The shares were sold at an average price of $3.05, for a total value of $246,070.95. Following the completion of the transaction, the insider now directly owns 680,105 shares of the company’s stock, valued at $2,074,320.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

A hedge fund recently raised its stake in Sunworks stock. Vanguard Group Inc. increased its position in Sunworks Inc (NASDAQ:SUNW) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 427,227 shares of the company’s stock after buying an additional 49,269 shares during the period. Vanguard Group Inc. owned approximately 2.16% of Sunworks worth $995,000 at the end of the most recent reporting period.

About Sunworks

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.