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, ValuEngine cut shares of Sunworks from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.
Sunworks (NASDAQ:SUNW) last announced its quarterly earnings results on Friday, August 2nd. The semiconductor company reported $0.00 earnings per share (EPS) for the quarter. Sunworks had a negative return on equity of 57.74% and a negative net margin of 10.45%. The business had revenue of $18.66 million for the quarter, compared to the consensus estimate of $19.00 million. As a group, equities research analysts predict that Sunworks will post -0.17 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Sunworks by 113.3% in 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 acquiring an additional 566,575 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Sunworks by 392.2% in the second quarter. Vanguard Group Inc. now owns 1,143,273 shares of the semiconductor company’s stock valued at $623,000 after acquiring an additional 910,982 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Sunworks by 124.4% in the second quarter. BlackRock Inc. now owns 111,529 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 61,826 shares in the last quarter. Hedge funds and other institutional investors own 6.91% of the company’s stock.
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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