Zacks Investment Research Lowers Sunworks (SUNW) to Sell

Sunworks (NASDAQ:SUNW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

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. “

Shares of SUNW stock traded down $0.01 during trading hours on Tuesday, hitting $0.26. The stock had a trading volume of 213,716 shares, compared to its average volume of 109,084. Sunworks has a one year low of $0.25 and a one year high of $1.32. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $7.20 million, a price-to-earnings ratio of -0.82 and a beta of 1.42.

Sunworks (NASDAQ:SUNW) last issued its earnings results on Wednesday, November 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Sunworks had a negative return on equity of 51.82% and a negative net margin of 10.32%. The firm had revenue of $18.28 million for the quarter, compared to analysts’ expectations of $22.20 million. As a group, research analysts predict that Sunworks will post -0.17 EPS for the current fiscal year.

About Sunworks

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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