Boothbay Fund Management LLC Has $212,000 Position in Sunworks, Inc. (SUNW)

Boothbay Fund Management LLC lifted its position in shares of Sunworks, Inc. (NASDAQ:SUNW) by 58.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135,137 shares of the semiconductor company’s stock after buying an additional 49,983 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.60% of Sunworks worth $212,000 at the end of the most recent quarter.

Separately, Sei Investments Co. lifted its stake in shares of Sunworks by 20.5% during the 2nd quarter. Sei Investments Co. now owns 61,234 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 10,408 shares in the last quarter. Institutional investors own 6.98% of the company’s stock.

Several brokerages have commented on SUNW. Chardan Capital upgraded shares of Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 price target on the stock in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded shares of Sunworks from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $2.67.

Shares of Sunworks, Inc. (SUNW) opened at $1.01 on Thursday. Sunworks, Inc. has a one year low of $0.90 and a one year high of $2.28. The company has a quick ratio of 1.17, a current ratio of 1.35 and a debt-to-equity ratio of 0.08.

Sunworks (NASDAQ:SUNW) last announced its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). The company had revenue of $18.80 million during the quarter, compared to analysts’ expectations of $26.10 million. Sunworks had a negative return on equity of 37.92% and a negative net margin of 9.73%. During the same quarter in the previous year, the firm earned ($0.29) EPS. sell-side analysts expect that Sunworks, Inc. will post -0.18 EPS for the current year.

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Sunworks Profile

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.

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