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.
IPO Year:
Exchange: NASDAQ
Website: sunworksusa.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/1/2022 | $5.50 | Buy | Colliers Securities |
Colliers Securities initiated coverage of Sunworks with a rating of Buy and set a new price target of $5.50
Roth Capital reiterated coverage of Sunworks with a rating of Neutral and set a new price target of $8.00 from $10.75 previously
ROTH Capital resumed coverage of Sunworks with a rating of Neutral and set a new price target of $10.75
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PROVO, UT / ACCESSWIRE / October 18, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a high-performance solar and battery storage solutions provider across residential, agricultural, commercial, industrial and public works markets, today announced Gaylon Morris has decided to step down as Chief Executive Officer and Director and that its Board of Directors has elected Mark C. Trout as President and Chief Executive Officer and Director, effective immediately. To support the transition, Gaylon Morris will remain with Sunworks as an advisor through December 31, 2023.Mark Trout joined Sunworks as Group CEO, Residential Segment, in July 2023. He brings more than 35 years of senior commercial, development an
PROVO, UT / ACCESSWIRE / July 12, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced the appointment of Mark Trout as Group CEO of Solcius, Sunworks' wholly owned residential solar business, effective July 10, 2023. Mr. Trout is based in Provo, UT reporting directly to Gaylon Morris, Chief Executive Officer of Sunworks. Mr. Trout assumes Residential Solar segment responsibilities from Sunworks' Chief Financial Officer Jason Bonfigt, who had also led the Solcius business as interim President since July 1, 2022.Mr. Trout brings more than 35 years of
Seasoned Executive brings more than 20 years of experience with Fortune 500 companies, as a senior officer and Board member, with specific expertise in retail energy and renewables to Sunworks BoardPROVO, UT / ACCESSWIRE / December 3, 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 the appointment of Patrick C. McCullough to the Sunworks Board of Directors. Mr. McCullough fills the seat vacated in August by Daniel Gross who stepped down to run the Climate Pledge Fund at Amazon. Mr. McCullough brings more than 24 years of C-level experience with startup
ROSEVILLE, 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 companies through transition and growth. Prior to jo
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PROVO, UT / ACCESSWIRE / November 10, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power, battery storage, and electric vehicle charging solutions for residential, agriculture, commercial, industrial, and public works markets, today announced financial results for the three months ended September 30, 2023.THIRD QUARTER 2023 RESULTS(As compared to the Third Quarter 2022)Total revenue of $28.7 million, a 29.5% declineResidential Solar segment revenue of $20.3 million, a 44.5% declineCommercial Solar Energy segment revenue of $8.3 million, a 105.9% increaseTotal backlog of $66.5 million, a 39.7% declineFor the three months ended September 30, 2023, Sunworks reported total re
PROVO, UT / ACCESSWIRE / November 3, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it will release third quarter 2023 results before the market opens on Friday, November 10, 2023. A conference call will be held that same day at 12:00 P.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of Sunworks' website at https://ir.sunworksusa.com/. To listen to a li
PROVO, UT / ACCESSWIRE / August 14, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced financial results for the three months ended June 30, 2023.SECOND QUARTER 2023 RESULTS(As compared to the Second Quarter 2022)Total revenue of $34.6 million, a 4.8% declineResidential Solar segment revenue of $27.2 million, a 16.3% declineCommercial Solar Energy segment revenue of $7.4 million, a 91.7% increaseTotal backlog of $84.1 million, a 13.1% declineFor the three months ended June 30, 2023, Sunworks reported total revenue of $34.6 million, versus $36.4 mil
PROVO, UT / ACCESSWIRE / August 8, 2023 / Sunworks, Inc. (NASDAQ:SUNW) "Sunworks" or the "Company"), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it will host a conference call to discuss second quarter 2023 results on Monday, August 14, 2023, at 1:00 PM ET.A webcast of the conference call will be available in the Investor Relations section of Sunworks' website at https://ir.sunworksusa.com/. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.To participa
PROVO, UT / ACCESSWIRE / May 24, 2023 / Sunworks, Inc. (NASDAQ:SUNW, ", Sunworks", or the ", Company", ))), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it will host a conference call to discuss first quarter 2023 results on Thursday, May 25, 2023, at 4:00 PM ET.A webcast of the conference call will be available in the Investor Relations section of Sunworks' website at https://ir.sunworksusa.com/. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.To part
PROVO, UT / ACCESSWIRE / May 12, 2023 / Sunworks, Inc. (NASDAQ:SUNW, ", Sunworks", or the ", Company", ))), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it intends to postpone the issuance of its first quarter 2023 results and accompanying conference call previously scheduled for Monday, May 15, 2023.The Company will make a subsequent announcement to schedule the date and time of its first quarter 2023 results, conference call and webcast following the release of its financial results for the first quarter.ABOUT SUNWORKSSunworks has been providing high-performance solar and
PROVO, UT / ACCESSWIRE / May 3, 2023 / Sunworks, Inc. (NASDAQ:SUNW, ", Sunworks", or the ", Company", ))), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it will release first quarter 2023 results before the market opens on Monday, May 15, 2023. An accompanying conference call and webcast will be held that same day at 1:00 p.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of Sunworks' webs
PROVO, UT / ACCESSWIRE / March 10, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced financial results for the three and twelve-months ended December 31, 2022.FOURTH QUARTER 2022 RESULTS(As compared to the Fourth Quarter 2021)Total revenue of $53.6 million, a 69.3% increaseGross profit of $22.0 million, a 60.7% increaseResidential Solar segment revenue of $44.4 million, a 70.2% increaseCommercial Solar Energy segment revenue of $9.2 million, a 65.2% increaseTotal backlog increased 50.8% to $87 million, driven by growth in Residential and Commercia
PROVO, UT / ACCESSWIRE / March 3, 2023 / Sunworks, Inc. (NASDAQ:SUNW, ", Sunworks", or the ", Company", ))), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it will release fourth quarter and full-year 2022 results before the market opens on Friday, March 10, 2023. A conference call will be held that same day at 1:00 P.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of Sunworks' website at
PROVO, UT / ACCESSWIRE / November 8, 2022 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced financial results for the third quarter of 2022.THIRD QUARTER 2022 RESULTS(As compared to the Third Quarter 2021)Total revenue of $40.7 million, a 30.4% increase,Gross profit of $19.5 million, a 49.3% increase,Residential Solar segment revenue of $36.7 million, a 57% increaseCommercial Solar Energy Solar segment revenue of $4.1 million, a 48% decreaseTotal Residential Solar segment originations increased 48% year over yearTotal Commercial Solar Energy segment or
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Shares of Sony Group Corporation (NYSE:SONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025. Sony Group reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (¥3.75 trillion), beating the consensus of $24.62 billion. Adjusted EPS of $1.99 beat the consensus of $1.65. Sony revised its FY23 sales outlook to $86.62 billion (¥12.4 trillion), down from a prior forecast of ¥12.3 trillion versus the consensus of $87.32 billion. Sony Group shares fell 6.3% to $89.86 on Wednesday. Here are some other stocks moving in today's mid-day
Gainers Clean Energy Technologies (NASDAQ:CETY) stock moved upwards by 309.3% to $2.19 during Wednesday's regular session. The company's market cap stands at $85.7 million. Earlyworks Co (NASDAQ:ELWS) shares rose 227.2% to $1.49. The company's market cap stands at $22.3 million. Erayak Power Solution Gr (NASDAQ:RAYA) shares increased by 121.08% to $1.26. The company's market cap stands at $15.1 million. Lyft (NASDAQ:LYFT) shares increased by 32.88% to $16.12. The company's market cap stands at $6.3 billion. The company's, Q4 earnings came out yesterday. Blink Charging (NASDAQ:BLNK) shares moved upwards by 30.41% to $3.5. The market value of their outstanding shares is at $235.5 million.
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Gainers Earlyworks Co (NASDAQ:ELWS) stock increased by 361.5% to $2.1 during Wednesday's pre-market session. The company's market cap stands at $31.5 million. Sentage Hldgs (NASDAQ:SNTG) shares rose 37.44% to $3.12. The market value of their outstanding shares is at $8.7 million. Allison Transmission (NYSE:ALSN) stock increased by 23.07% to $75.74. The market value of their outstanding shares is at $6.7 billion. As per the news, the Q4 earnings report came out yesterday. Lyft (NASDAQ:LYFT) stock moved upwards by 16.15% to $14.09. The company's market cap stands at $5.5 billion. The company's, Q4 earnings came out yesterday. Parsons Corp (NYSE:PSN) stock increased by 12.67% to $76.0. The
Gainers Sentage Hldgs (NASDAQ:SNTG) stock rose 76.7% to $4.01 during Tuesday's after-market session. The company's market cap stands at $11.2 million. Lyft (NASDAQ:LYFT) stock moved upwards by 40.56% to $17.05. The market value of their outstanding shares is at $6.7 billion. The company's, Q4 earnings came out today. Earlyworks Co (NASDAQ:ELWS) stock increased by 29.23% to $0.59. The market value of their outstanding shares is at $8.8 million. Resideo Technologies (NYSE:REZI) stock moved upwards by 8.31% to $18.5. The market value of their outstanding shares is at $2.7 billion. The company's, Q4 earnings came out today. Vertical Aerospace (NYSE:EVTL) shares increased by 8.16% to $0.71.
Gainers BioNexus Gene Lab (NASDAQ:BGLC) stock increased by 411.4% to $2.1 during Tuesday's regular session. The company's market cap stands at $37.3 million. JanOne (NASDAQ:JAN) stock increased by 41.11% to $0.94. The company's market cap stands at $4.6 million. Ault Alliance (AMEX:AULT) shares moved upwards by 38.14% to $0.57. The market value of their outstanding shares is at $1.6 million. VCI Global (NASDAQ:VCIG) shares rose 34.13% to $1.42. The company's market cap stands at $53.9 million. JetBlue Airways (NASDAQ:JBLU) shares rose 15.23% to $7.0. The company's market cap stands at $2.3 billion. Espey Mfg & Electronics (AMEX:ESP) stock moved upwards by 10.17% to $25.61. The market v
Gainers JE Cleantech Hldgs (NASDAQ:JCSE) stock rose 23.0% to $0.9 during Friday's after-market session. The market value of their outstanding shares is at $4.4 million. Pineapple Energy (NASDAQ:PEGY) shares rose 5.78% to $0.11. The market value of their outstanding shares is at $1.3 million. Vast Renewables (NASDAQ:VSTE) shares rose 4.44% to $2.82. The company's market cap stands at $82.6 million. View (NASDAQ:VIEW) stock rose 4.35% to $1.38. The company's market cap stands at $5.6 million. Swvl Hldgs (NASDAQ:SWVL) shares increased by 4.12% to $4.29. The company's market cap stands at $29.1 million. C3is (NASDAQ:CISS) shares increased by 2.33% to $0.13. The market value of their outsta
Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) fell sharply during Friday’s session following third-quarter results. Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company also revised its 2024 net bookings forecast to $5.25 billion and $5.3 billion, down from $5.45 billion and $5.55 billion earlier. Take-Two Interactive Software shares dipped 8.8% to $154.69 on Friday. Here are some other stocks moving in today's mid-day session. Gainers Sunworks, Inc. (NASDAQ:SUNW) shares jumped 267% to $0.1990. Sunworks and three subsidiaries recently made the decision to cease operations and filed for Chapter 7 bankruptcy in the Uni
Gainers Sunworks (NASDAQ:SUNW) stock moved upwards by 155.5% to $0.14 during Friday's regular session. The market value of their outstanding shares is at $7.8 million. Intelligent Living (NASDAQ:ILAG) shares rose 58.8% to $0.75. The market value of their outstanding shares is at $13.4 million. 1847 Holdings (AMEX:EFSH) shares moved upwards by 24.63% to $1.72. The market value of their outstanding shares is at $1.5 million. Intuitive Machines (NASDAQ:LUNR) stock moved upwards by 19.84% to $4.53. The company's market cap stands at $132.3 million. Nuvve Holding (NASDAQ:NVVE) shares rose 19.37% to $1.12. The market value of their outstanding shares is at $4.7 million. VCI Global (NASDAQ:VC
Sunworks Inc (NASDAQ:SUNW) shares are trading higher by 184% to $0.15 Friday morning, despite a lack of company-specific news for the session. The company and three subsidiaries recently made the decision to cease operations and filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the District of Delaware. This means that a Chapter 7 trustee will take over control of the company's assets and liabilities, leading to the liquidation of assets and payment of claims as per the Bankruptcy Code. See Also: Bitcoin Surpasses $47K, Up 16% Since Jim Cramer Said ‘Unlikely To Find Its Footing’ Mark Trout, the Chief Executive Officer, resigned on the same day, and all directo
PROVO, UT / ACCESSWIRE / November 10, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power, battery storage, and electric vehicle charging solutions for residential, agriculture, commercial, industrial, and public works markets, today announced financial results for the three months ended September 30, 2023.THIRD QUARTER 2023 RESULTS(As compared to the Third Quarter 2022)Total revenue of $28.7 million, a 29.5% declineResidential Solar segment revenue of $20.3 million, a 44.5% declineCommercial Solar Energy segment revenue of $8.3 million, a 105.9% increaseTotal backlog of $66.5 million, a 39.7% declineFor the three months ended September 30, 2023, Sunworks reported total re
PROVO, UT / ACCESSWIRE / November 3, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it will release third quarter 2023 results before the market opens on Friday, November 10, 2023. A conference call will be held that same day at 12:00 P.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of Sunworks' website at https://ir.sunworksusa.com/. To listen to a li
PROVO, UT / ACCESSWIRE / October 18, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a high-performance solar and battery storage solutions provider across residential, agricultural, commercial, industrial and public works markets, today announced Gaylon Morris has decided to step down as Chief Executive Officer and Director and that its Board of Directors has elected Mark C. Trout as President and Chief Executive Officer and Director, effective immediately. To support the transition, Gaylon Morris will remain with Sunworks as an advisor through December 31, 2023.Mark Trout joined Sunworks as Group CEO, Residential Segment, in July 2023. He brings more than 35 years of senior commercial, development an
PROVO, UT / ACCESSWIRE / October 11, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a high-performance solar and battery storage solutions provider across residential, agricultural, commercial, industrial and public works markets, today announced that it has signed an agreement with an existing solar PV customer to install multiple commercial grade electric vehicle (EV) charging systems.This Sunworks agricultural customer is expanding its commitment to sustainability by adding an EV charging system to support the EV charging needs of its employees, customers, and to power electric farm equipment.According to a study by J.D. Power and Associates, sales of electric vehicles (EVs) in the United States co
PROVO, UT / ACCESSWIRE / September 15, 2023 / 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 it will conduct its annual meeting of stockholders at 9 a.m. MDT (11 a.m. EDT) on Friday, September 22, 2023. The meeting will be held virtually, with no corresponding in-person event.All stockholders accessing the virtual annual meeting should vote on the proposed matters before the meeting by proxy, as described in the Company's proxy materials provided to stockholders. Further information may be found at www.proxyvote.com (please follow the instructions locate
20-Year-Old, Publicly Traded Industry Leader Caps List in Top 20th Percentile for Second YearPROVO, UT / ACCESSWIRE / August 31, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a high-performance solar and battery storage solutions provider across residential, agricultural, commercial, industrial and public works markets, today announced that for the second year it had been named as one of the Top Solar Contractors in the United States by Solar Power World, a leading industry publication, for calendar year 2023.The Top Solar Contractors list is developed each year by Solar Power World to recognize top performers across the domestic solar installation industry. Solar firms in the utility, commercial and
PROVO, UT / ACCESSWIRE / August 14, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced financial results for the three months ended June 30, 2023.SECOND QUARTER 2023 RESULTS(As compared to the Second Quarter 2022)Total revenue of $34.6 million, a 4.8% declineResidential Solar segment revenue of $27.2 million, a 16.3% declineCommercial Solar Energy segment revenue of $7.4 million, a 91.7% increaseTotal backlog of $84.1 million, a 13.1% declineFor the three months ended June 30, 2023, Sunworks reported total revenue of $34.6 million, versus $36.4 mil
PROVO, UT / ACCESSWIRE / August 9, 2023 / Sunworks, Inc. (NASDAQ:SUNW) "Sunworks" or the "Company"), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it has entered into a definitive agreement with a single ESG-focused institutional investor for the purchase and sale of 3,300,000 shares of the Company's common stock at a purchase price of $1.00 per share of common stock in a registered direct offering. The closing of the offering is expected to occur on or about August 11, 2023, subject to the satisfaction of customary closing conditions.Roth Capital Partners is acting as the e
PROVO, UT / ACCESSWIRE / August 8, 2023 / Sunworks, Inc. (NASDAQ:SUNW) "Sunworks" or the "Company"), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced that it will host a conference call to discuss second quarter 2023 results on Monday, August 14, 2023, at 1:00 PM ET.A webcast of the conference call will be available in the Investor Relations section of Sunworks' website at https://ir.sunworksusa.com/. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.To participa
PROVO, UT / ACCESSWIRE / August 2, 2023 / Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, today announced select preliminary operational and financial data for the three months ended June 30, 2023.PRELIMINARY UNAUDITED SECOND QUARTER 2023 RESULTSTotal revenue of range between $33.0 and 35.0 millionTotal Adjusted EBITDA range between ($10.0) and ($11.5) millionResidential Direct sales channel represented approximately 45% of new originationsTotal backlog of approximately $84 millionApproximately $4.8 million in cash and restricted cash as of June 30, 2023MANAGEMENT CO