Sunworks Inc. (NASDAQ: $SUNW) Amazing GrowthTechnical Analysis
Sunworks Inc. (NASDAQ: NASDAQ:SUNW ) indicated a Bullish Reversal yesterday, marking its 1 Month high yesterday at $0.4667.
NASDAQ:SUNW could touched a new Resistance or retest the Support zone which will potentially affect the stocks future growth.
Fundamental Analysis
Institutional investors have recently modified their holdings of the company. Prudential Financial Inc. bought a new position in shares of Sunworks during the second quarter worth about $28,000. First Republic Investment Management Inc. bought a new position in Sunworks in the 1st quarter valued at about $29,000. XTX Topco Ltd bought a new position in Sunworks in the 1st quarter valued at about $40,000. Engineers Gate Manager LP bought a new position in Sunworks in the 3rd quarter valued at about $50,000. Finally, Verition Fund Management LLC bought a new position in Sunworks in the 1st quarter valued at about $54,000. Institutional investors own 8.88% of the company’s stock.
Sunworks
SunWorks (NASDAQ: $SUNW) On Major Breakout Watch This Morning ☀️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 in 2002 and is headquartered in Provo, Utah.
Sunworks (USA: $SUNW) Ready For Solar Industry Boom 2022! ☀️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 in 2002 and is headquartered in Provo, Utah.
SUNW Expected to Beat Earnings Estimates on March 11Sunworks, SUNW, is expected to post quarterly loss of $0.21 per share, a year-over-year change of +25%, while revenues are expected to be $29.5 million, up 243.8% from the last year quarter.
Sunworks provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Hawaii.
My price targets for SUNW in this energy booming economy are $6.40 and $8.05.
Looking forward to read your opinion about it.
SunWorks (NASDAQ: $SUNW) Could Be 2022's Hottest Winner! ☀️Sunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Hawaii. The company also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger projects. In addition, it offers a range of installation services, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance services to its solar energy customers. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was incorporated in 2002 and is headquartered in Roseville, California.
SUNW Heating UpNASDAQ:SUNW daily chart broke through the trend line today after several months of basing around the 200 EMA .
I would initiate a long trade above today's high at $10.71
Place the stop loss under the June 21st local low at $8.79
The eventual profit target is the ATH at $29.37 which gives a risk/reward ratio of 9.72!
$SUNW Reversal We are now back at its massive support level/past major resistances. Arrows show the resistance. Could see a huge reversal here.
I am not a financial advisor. This is not financial advice.
SUNW - Reversal Coming Due To Earnings In 7 Days?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. The Company's commercial installations include office buildings, manufacturing plants, warehouses and agricultural facilities, such as farms, wineries and dairies. The Company provides a range of installation services to its solar energy customers, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring and maintenance. The Company has installed over 850 systems in California and Nevada.
Sunworks, Inc. (SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it will report its second-quarter 2019 financial results prior to the market opening on Friday, August 2, 2019.
Management will host a conference call to discuss these results on the same day at 11 a.m. ET (8:00 a.m. PT). To access the call, please dial 1-844-602-0380 (toll free) or 1-862-298-0970 (international). The conference call will also be broadcast live over the Internet, which can be accessed via the Investor Relations section of Sunworks' web site at ir.sunworksusa.com. All participants should call or access the website approximately 5 minutes before the conference begins.
The webcast will be available for replay for at least 90 days. A telephonic replay of this conference call will also be available by dialing 1-919-882-2331 and using the replay ID #51702 until 11:00 a.m. ET on August 16, 2019.
(Source:https://finance.yahoo.com/news/sunworks-announce-second-quarter-2019-200200824.html?.tsrc=rss)
SHORT INTEREST
919.43K 07/15/19
P/E Current
-2.17
P/E Ratio (with extraordinary items)
-1.53
Average Recommendation: BUY
Average Target Price: 1.40
