Stock of The Day: Time to Buy Sunworks Inc After Today’s Significant Decline?

Stock of The Day: Time to Buy Sunworks Inc After Today's Significant Decline?

The stock of Sunworks Inc (NASDAQ:SUNW) is a huge mover today! About 1.18M shares traded hands or 519.83% up from the average. Sunworks Inc (NASDAQ:SUNW) has risen 9.13% since April 8, 2016 and is uptrending. It has outperformed by 3.48% the S&P500.
The move comes after 5 months negative chart setup for the $44.55M company. It was reported on Nov, 10 by Barchart.com. We have $1.99 PT which if reached, will make NASDAQ:SUNW worth $5.79M less.

According to Zacks Investment Research, “Sunworks, Inc. provides solar power solutions. The company focused on the design, installation and management of solar power systems for commercial, agricultural and residential customers. Sunworks, Inc., formerly known as Solar3D, Inc., is based in Roseville, United States.”

More recent Sunworks Inc (NASDAQ:SUNW) news were published by: Reuters.com which released: “BRIEF-Sunworks inc Q3 loss per share $0.29” on November 10, 2016. Also Bizjournals.com published the news titled: “Sunworks turns to profit, anticipates doubling revenue” on August 10, 2016. Seekingalpha.com‘s news article titled: “Sunworks: SolarCity Sans Baggage And High Price” with publication date: March 16, 2016 was also an interesting one.

SUNW Company Profile

Sunworks, Inc., formerly Solar3D, Inc., incorporated on January 30, 2002, 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.

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