Sunworks Inc. (SUNW) News
Filter SUNW News Items
SUNW News Results
|Loading, please wait...|
SUNW News Highlights
- 500 - Internal server error
- Over the past 9 days, the trend for SUNW's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
Latest SUNW News From Around the Web
Below are the latest news stories about Sunworks Inc that investors may wish to consider to help them evaluate SUNW as an investment opportunity.
adamkaz/E+ via Getty ImagesInvestment Thesis Sunworks, Inc.'s (NASDAQ:SUNW) operations have been increasingly unprofitable for years and I doubt that management will be able to solve this problem, even with the help of the Solcius acquisition. Although a capital increase last December has given the company a solid balance sheet, the...
ROSEVILLE, CA / ACCESSWIRE / June 14, 2021 / Sunworks, Inc. (NASDAQ:SUNW), a provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today reminded stockholders that due to the ongoing public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of its stockholders, the Annual Meeting of Stockholders to be held at 9 a.
ROSEVILLE, CA / ACCESSWIRE / June 9, 2021 / Sunworks, Inc. (NASDAQ:SUNW), a provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.
Discloses Results of Combined Companies; Expects 15%-Plus Residential Revenue GrowthROSEVILLE, CA / ACCESSWIRE / June 7, 2021 / Sunworks, Inc. (NASDAQ:SUNW), a provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that the company has filed a Form 8-K/A with the Securities and Exchange Commission, disclosing pro forma results for Sunworks and Solcius, as if they had been combined January 1, 2020.
25-Year Renewable Energy Veteran to Lead Board in Next Phase of Company's EvolutionROSEVILLE, CA / ACCESSWIRE / April 27, 2021 / Sunworks, Inc. (NASDAQ:SUNW), a provider of solar power solutions for commercial, public works and residential markets, today announced that Judith Hall has been named Chairperson of the Board of Directors.
Sunworks and Solcius to Combine, Creating Leading Solar Installation Company with Broad National Presence
Transaction Provides Scale and Operating EfficienciesROSEVILLE, CA and PROVO, UT / ACCESSWIRE / April 8, 2021 / Sunworks, Inc. (NASDAQ:SUNW) ("Sunworks"), a provider of solar power and storage solutions for agriculture, commercial, industrial, public works, and residential markets, and Solcius, LLC ("Solcius"), a privately held, rapidly growing residential solar company, today announced that they have entered into a deﬁnitive agreement pursuant to which a subsidiary of Sunworks will acquire Solcius, valued at $51.
Shares of Sunworks (NASDAQ: SUNW) rose 11.3% in March, according to data from S&P Global Market Intelligence. The solar technology stock gained ground thanks to expectations that a big infrastructure spending push in the U.S. will create momentum for the clean energy space. Excitement surrounding the Biden administration's efforts to spearhead a major infrastructure spending bill prompted significant gains for Sunworks and other clean energy stocks last month.
Quarterly revenues are estimated to be $8.5 million with a gross margin of 16% to 17% and a net loss of $5 million. Management highlighted the fact that Sunworks' cash balance was $39.4 million with a backlog of $42.6 million. Sunworks has been one of the hottest stocks in solar energy, but you can see that the company is still losing money and has an uphill battle against large competitors.
Transformational Leader with Established History of Driving Growth to Lead Sunworks Gaylon Morris Sunworks Names Gaylon Morris as Chief Executive OfficerROSEVILLE, Calif., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced that the company’s Board of Directors has appointed Gaylon Morris as its new Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Morris is a transformational leader with a proven record of driving revenue growth and profitability in the construction, engineering, and renewable space. Mr. Morris joins Sunworks after two decades leading large-scale engineering and construction c...
During Q3, Sunworks's (NASDAQ:SUNW) reported sales totaled $7.30 million. Despite a 102.25% in earnings, the company posted a loss of $2.69 million. In Q2, Sunworks brought in $9.67 million in sales but lost $1.33 million in earnings.What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q3, Sunworks posted an ROCE of -0.51%.Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's...