In a report released yesterday, Philip Shen from Roth Capital reiterated a Buy rating on Sunworks Inc (NASDAQ: SUNW), with a price target of $1.40. The company’s shares opened today at $0.94, close to its 52-week low of $0.88.
According to TipRanks.com, Shen is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.8% and a 34.8% success rate. Shen covers the Industrial Goods sector, focusing on stocks such as TPI Composites Inc, JinkoSolar, and JA Solar.
Currently, the analyst consensus on Sunworks Inc is a Moderate Buy with an average price target of $1.40.
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Based on Sunworks Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.73 million. In comparison, last year the company had a net profit of $1.07 million.
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Sunworks, Inc. engages in the provision of photovoltaic based power systems for the residential, commercial, and agricultural markets. Its services include design, system engineering, procurement, project installation, construction, grid connection, warranty, system monitoring, and maintenance.
