Sunworks, Inc. (SUNW)

NASDAQ: SUNW · IEX Real-Time Price · USD
1.41
-0.04 (-2.42%)
At close: Mar 28, 2023, 4:00 PM
1.42
+0.01 (0.71%)
Pre-market: Mar 29, 2023, 5:24 AM EDT
-2.42%
Market Cap 49.94M
Revenue (ttm) 161.94M
Net Income (ttm) -28.21M
Shares Out 35.42M
EPS (ttm) -0.86
PE Ratio n/a
Forward PE 3.40
Dividend n/a
Ex-Dividend Date n/a
Volume 650,855
Open 1.46
Previous Close 1.45
Day's Range 1.40 - 1.46
52-Week Range 1.23 - 4.72
Beta 1.97
Analysts Buy
Price Target 3.64 (+158.16%)
Earnings Date May 15, 2023

About SUNW

Sunworks, Inc., through its subsidiaries, provides photovoltaic and battery based power and storage systems for the agricultural, commercial, industrial, public works, and residential markets in the United States. It also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential projects to multi megawatt systems for larger commercial and public works projects. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was incorporated i... [Read more]

Industry Solar
Sector Technology
Founded 2002
Employees 495
Stock Exchange NASDAQ
Ticker Symbol SUNW
Full Company Profile

Financial Performance

In 2022, Sunworks's revenue was $161.94 million, an increase of 60.09% compared to the previous year's $101.15 million. Losses were -$28.21 million, 5.96% more than in 2021.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for SUNW stock is "Buy." The 12-month stock price forecast is $3.64, which is an increase of 158.16% from the latest price.

Price Target
$3.64
(158.16% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sunworks (SUNW) Reports Q4 Loss, Tops Revenue Estimates

Sunworks (SUNW) delivered earnings and revenue surprises of -66.67% and 33.07%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Sunworks Reports Fourth Quarter and Full-Year 2022 Results

PROVO, UT / ACCESSWIRE / March 10, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public...

2 weeks ago - Accesswire

Sunworks Announces Fourth Quarter and Full - Year 2022 Results Conference Call and Webcast Date

PROVO, UT / ACCESSWIRE / March 3, 2023 / Sunworks, Inc. (Nasdaq:SUNW, "Sunworks" or the "Company"), a leading provider of solar power and battery storage solutions for residential, agriculture, commer...

3 weeks ago - Accesswire

3 Climate Change Penny Stocks That Will Make You Rich in 5 Years

Investing in climate change penny stocks has never been a better opportunity than now. The prevalence of green energy has become ubiquitous over time, and savvy investors looking to invest in the futu...

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7 Best Green Penny Stocks to Buy Now

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3 months ago - InvestorPlace

Sunworks (SUNW) Reports Q3 Loss, Tops Revenue Estimates

Sunworks (SUNW) delivered earnings and revenue surprises of -6.67% and 9%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Sunworks Announces Third Quarter 2022 Results Conference Call and Webcast Date

PROVO, UT / ACCESSWIRE / October 31, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and publ...

5 months ago - Accesswire

Here Is Why Bargain Hunters Would Love Fast-paced Mover Sunworks (SUNW)

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Sunworks (SUNW) could be a great choice. It is one of the several stocks that passed...

6 months ago - Zacks Investment Research

Sunworks, Inc. Taps Zeep Technology To Launch Environmentally Responsible Recycling Program

Leading Renewable Energy Provider Teams Up with Eco-Friendly Electronic Disposal Group to Ethically Repurpose Unusable Panels, Batteries, EV chargers and Inverters PROVO, UT / ACCESSWIRE / October 3, ...

6 months ago - Accesswire

3 Solar Stocks to Buy as Inflation Reduction Act Boosts Prospects

Increased solar installations and production tax credits made available to U.S. solar industry, thanks to IRA, should boost solar stocks amid supply chain challenges. You may buy Zacks Solar Industry ...

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6 months ago - Zacks Investment Research

Sunworks Secures Elite Ranking on Solar Power World's 2022 Top Solar Contractors List

20-Year-Old, Publicly Traded Industry Leader Caps List in Top 20th Percentile PROVO, UT / ACCESSWIRE / August 18, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a high-performance solar and battery storage solu...

7 months ago - Accesswire

Sunworks (SUNW) Reports Q2 Loss, Tops Revenue Estimates

Sunworks (SUNW) delivered earnings and revenue surprises of -4.55% and 8.81%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Sunworks Reports Second Quarter 2022 Results

PROVO, UT / ACCESSWIRE / August 9, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public...

8 months ago - Accesswire

CORRECTION: Sunworks Launches New Corporate Website

This article corrects one issued this morning that contained an incorrect website link New website helps customers make well-informed decisions about solar power energy solutions PROVO, UT / ACCESSWIR...

8 months ago - Accesswire

Sunworks Launches New Corporate Website

New website helps customers make well-informed decisions about solar power energy solutions PROVO, UT / ACCESSWIRE / July 28, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a provider of solar power and battery...

8 months ago - Accesswire

Sunworks Announces Second Quarter 2022 Results Conference Call and Webcast Date

PROVO, UT / ACCESSWIRE / July 26, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public ...

8 months ago - Accesswire

Sunworks to Conduct Virtual Annual Meeting of Stockholders on June 15, 2022

PROVO, UT / ACCESSWIRE / June 8, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works mar...

10 months ago - Accesswire

Sunworks (SUNW) Reports Q1 Loss, Tops Revenue Estimates

Sunworks (SUNW) delivered earnings and revenue surprises of -16.67% and 4.33%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

11 months ago - Zacks Investment Research

Sunworks Reports First Quarter 2022 Results

PROVO, UT / ACCESSWIRE / May 16, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public w...

11 months ago - Accesswire

Sunworks (SUNW) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Sunworks (SUNW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

11 months ago - Zacks Investment Research

Sunworks Announces First Quarter 2022 Results Conference Call and Webcast Date

PROVO, UT / ACCESSWIRE / May 2, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public wo...

11 months ago - Accesswire

Sunworks Launches ESG Reporting Program

Assigns Management and Board-Level Oversight to ESG Program Intends to Launch Inaugural ESG Report in Early 2024 PROVO, UT / ACCESSWIRE / April 11, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a leading provi...

1 year ago - Accesswire

Top 3 Most Promising Energy Penny Stocks to Buy

Since many people want to invest in renewable energy, it's worthwhile to explore clean energy penny stocks focused on new technologies. The post Top 3 Most Promising Energy Penny Stocks to Buy appeare...

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1 year ago - InvestorPlace

Sunworks Announces Fourth Quarter and Full-Year 2021 Financial Results

Backlog Reaches $58 Million as Company Overcomes Seasonal Weather and Supply Chain Disruptions; Company Enters 2022 With Experienced Team and Strong Demand PROVO, UT / ACCESSWIRE / March 11, 2022 / Su...

1 year ago - Accesswire

Why Sunworks (SUNW) Might Surprise This Earnings Season

Sunworks (SUNW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 year ago - Zacks Investment Research