Zacks Investment Research cut shares of Sunworks, Inc. (NASDAQ:SUNW) from a hold rating to a sell rating in a research note published on Friday.

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. “

A number of other equities research analysts have also issued reports on the stock. Chardan Capital raised shares of Sunworks from a neutral rating to a buy rating and set a $2.50 price objective for the company in a report on Monday, October 2nd. ValuEngine raised shares of Sunworks from a strong sell rating to a sell rating in a report on Wednesday, September 13th. Finally, Cowen and Company set a $3.00 price objective on shares of Sunworks and gave the company a buy rating in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $2.67.

Shares of Sunworks (NASDAQ SUNW) opened at $1.08 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.17 and a current ratio of 1.35. Sunworks has a 1-year low of $0.97 and a 1-year high of $2.41.

Sunworks (NASDAQ:SUNW) last announced its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.10). Sunworks had a negative net margin of 9.73% and a negative return on equity of 37.92%. The firm had revenue of $18.80 million during the quarter, compared to analysts’ expectations of $26.10 million. During the same period in the prior year, the company posted ($0.29) EPS. research analysts forecast that Sunworks will post -0.17 EPS for the current fiscal year.

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An institutional investor recently raised its position in Sunworks stock. Sei Investments Co. lifted its holdings in shares of Sunworks, Inc. (NASDAQ:SUNW) by 20.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,234 shares of the semiconductor company’s stock after purchasing an additional 10,408 shares during the quarter. Sei Investments Co. owned about 0.27% of Sunworks worth $107,000 as of its most recent filing with the SEC. 6.16% of the stock is currently owned by institutional investors.

Sunworks Company Profile

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.

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