Sunworks Inc Down 7.77% To $1.08 After Earnings

The stock is down 7.77% to $1.08 after the report.

Sunworks Inc's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 48. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Sunworks Inc provides photovoltaic based power systems for the agricultural, commercial, industrial (ACI), public works, and residential markets in California, Nevada, Massachusetts, Oregon, New Jersey and Hawaii. It has direct sales and/or operations personnel in California, Massachusetts, and Oregon. Through its operating subsidiaries, the company designs arrange financing, integrates, installs, and manages systems ranging in size from 2kW (kilowatt) for residential projects to multi MW (megawatt) systems for larger ACI and public works projects. ACI installations have included installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies. Its operating segments are Solcius and Sunworks.