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The company’s EBITDA has grown at a rate of 106.2% over the past year. This can be attributed to the company’s efficient business operations and expansion plans nationally with regional and local offices. Although operational limitations and challenges persisted because of COVID last year, SUNW was able to generate net revenues of $7.30 million in the third quarter ended September 30, 2020. And because the incoming Biden administration has ambitions around clean energy adoption in the United States, we think SUNW has plenty of upside. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. In January, ISUN announced that it has been selected through a competitive bid by the Meriden Housing Authority to provide its innovative solar EV carport, rooftop and ground-mount technologies.

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This is an increase of 225% compared to the previous 30 days. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Sunworks possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Now 21% undervalued after recent price drop

There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “buy” SUNW shares. Sunworks, Inc. is a premier provider of high-performance solar power systems.

Sunworks, Inc. stock upgraded from Strong Sell Candidate to Sell Candidate after Monday trading session. Sunworks’ stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Virtu Financial LLC (0.07%), Cutler Group LLC CA (0.00%) and Simplex Trading LLC (0.00%).

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Here is a non-exhaustive ripple price predictions in 10 years list of forecasts that only our premium members are informed of, without any delay. Sunworks Inc is near the top in its industry group according to InvestorsObserver. Sunworks Inc is near the middle in its industry group according to InvestorsObserver. SUNW is rated “Buy” due to its impressive past performance and short-term bullishness, as determined by the four components of our overall POWR Rating.

Third quarter 2020 earnings released: US$0.17 loss per share

SUNW is currently ranked #10 of 17 stocks in the Solar Industry. Other popular stocks in this industry are Polar Power, Inc. , VivoPower International PLC and SPI Energy Co. In late November, SUNW sold approximately 3.80 million shares of common stock, raising approximately $20 million in gross proceeds. It used a portion of the proceeds to repay approximately $2.70 million in outstanding loans from CrowdOut Capital, Inc.

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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. The Wall Street analyst predicted that Sunworks’s share price could reach $4.00 by Apr 25, 2024.

Markets

Analysts expect revenue to grow 10% year-over-year to $13.60 million in the current quarter . The Solar Industry is ranked #98 of 123 StockNews.com industries. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. All users should speak with their financial advisor before buying or selling any securities.

The 2 analysts with a stock price forecast for Sunworks have an average 12-month price target of $4.25, which predicts an increase of 403.97%. A buy signal was issued from a pivot bottom point on Wednesday, April 26, 2023, and so far it has risen 8.10%. Further rise is indicated until a new top pivot has been found. Sunworks, Inc. has increased volume and follows the last lift in the price.

If Sunworks, Inc. takes out the full calculated possible swing range there will be an estimated 20.00% move between the lowest and the highest trading price during the day. This stock may move very much during the day and with a very large prediction interval from the Bollinger Band this stock is considered to be “very high risk”. During the last day, the stock moved $0.0478 between high and low, or 5.90%. For the last week, the stock has had daily average volatility of 8.25%.

Insiders that own https://1investing.in/ stock include Charles F Cargile, Gaylon Morris and Jason Lee Bonfigt. Sunworks has a short interest ratio (“days to cover”) of 5.7. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. While our free users beat the market by 7% per quarter, last quarter, our premium users have beaten the market by 22%. Take the temperature and try it for free during one month.

Sign-up to receive the latest news and ratings for Sunworks and its competitors with MarketBeat’s FREE daily newsletter. The P/E ratio of Sunworks is -0.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. In the past three months, Sunworks insiders have not sold or bought any company stock. MarketBeat has tracked 4 news articles for Sunworks this week, compared to 1 article on an average week. 10.16% of the outstanding shares of Sunworks have been sold short.

Revenue Growth

Sunworks has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, May 15th, 2023 based off prior year’s report dates. AIStockFinder is a company specialized in predictive algorithms. The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock’s most recent closing price by the sum of the diluted earnings per share from continuing operations … The average price suggested by analysts for SUNW is $3.57, which is $2.64 above the current market price. The consensus EPS estimate for the about-to-be reported quarter indicates a 91.5% rise year-over-year.

It used a portion of the proceeds to repay approximately $2.70 million in outstanding debt to CrowdOut Capital, Inc. The move is expected to bolster the company’s balance sheet by eliminating costly debt and strengthening its working capital position. SUNW signed $10 million in new commercial and agriculture projects in September 2020, comprising 19 existing and new customers and a total of more than 4.4 MW for installation. This demonstrates the continued demand for SUNW’s solar solutions, particularly among agriculture and commercial customers. This info isn’t a recommendation for what you should personally do, so please don’t take the data as investment advice.

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Despite surging more than 121.8% so far this year, SUNW has the potential to grow further based on its continued business growth, favorable earnings and revenue outlook, and price momentum. Growing concerns over environmental issues surrounding fossil fuels have boosted interest in renewable energy and have propelled governments to adopt green policies as a populist measure. However, seeking to capitalize on the impending revolution, the clean energy space is becoming overcrowded with emerging new entrants.

Sunworks MarketRank™ Forecast

The $2.2 million contract for solar EV charging and energy infrastructure will substantially improve ISUN’s organic sales across all business units. SUNW’s revenue (17% per year) is forecast to grow faster than the US market (7.3% per year). Sunworks’s earnings is forecast to decline at an annual rate of 48.6% and its revenue is expected to decline at 17.0% annually. EPS and ROE are forecast to grow 50.5% and -42.9% each year respectively. One share of SUNW stock can currently be purchased for approximately $0.84.

The move is expected to be a powerful combination that will differentiate ISUN from other solar or EV charging companies. Furthermore, it will add higher margin products and energy services, which should have a positive impact on its solar EPC margins. The average analyst rating for Sunworks stock from 2 stock analysts is “Strong Buy”. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

The light blue line represents the company’s estimated revenue based on the consensus of Wall Street analysts for each quarter. The chart below shows up to four years of a company’s earnings history. The dark blue line represents the company’s actual earnings per share. The light blue area represents the range of Wall Street analysts’ earnings estimates for each quarter. SUNW is currently trading above its 50-day and 200-day moving averages of $5.81 and $2.90, respectively, indicating that the stock is in an uptrend. In fact, the stock’s 235% gains over the past three months reflect solid short-term bullishness.

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Sunworks has only been the subject of 1 research reports in the past 90 days. Sunworks’s earnings are expected to grow from ($0.70) per share to ($0.28) per share in the next year. Each premium signal is sent to all our premium users by mail. They don’t need to monitor our website to act and trade optimally.

There are few other sectors that hold the same potential returns as these green penny stocks to buy now. The growth of green energy is a burgeoning opportunity that investors can see everywhere in the… According to our research, SUNW stock is a awesome long-term investment. SUNW share price has been in a bull cycle for the past year. Any opinions, news, research, analyses, prices, or other information offered by AIStockFinder is provided as general market commentary, and does not constitute investment advice. AIStockFinder will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Forecst.com predicts future values using technical analysis of a large number of analytical parameters. SUNW stock returns are also predicted based on historical data. Unlike free users, our premium users receive all forecasts, without any delay.

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The average Sunworks stock price prediction forecasts a potential upside of 393.22% from the current SUNW share price of $0.81. SUNW is a premier provider of high performance photovoltaic based solar power systems. According to 2 analysts, the average rating for SUNW stock is “Strong Buy.” The 12-month stock price forecast is $4.25, which is an increase of 403.97% from the latest price. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

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