SUNW

NASDAQ:SUNW

Sunworks, Inc.

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  • Stock

0.06

−40.48%

−0.04

USD last updated 18/08 01:56:46

Last Close

0.10

14/02 21:00

Market Cap

3.41M

Beta: 1.89

Volume Today

31.50M

Avg: 662.00K

PE Ratio

−0.15

PFCF: −0.45

U.S. rooftop solar companies face severe challenges due to policy turmoil and market conditions, including threats of lost federal tax credits. Major firms like Sunnova and Solar Mosaic have filed for bankruptcy, while industry analysts warn of long-term sustainability issues despite potential future growth.

axios.com

SunWorks, a national commercial landscaping company, announced the expansion of its Florida operations through a new Tampa branch in partnership with Exclusive Landscaping. This marks the seventh greenfield branch SunWorks has launched nationally and the third in Florida. Exclusive, which joined SunWorks in 2023, has grown from a local business in South Orlando to a regional player serving central Florida.

businesswire.com

Lumio, a solar energy firm, has filed for Chapter 11 bankruptcy due to a severe liquidity crisis caused by a sharp decline in market demand and macroeconomic headwinds. The company plans to sell its assets to White Oak Global Advisors for $100 million, with White Oak also providing $8 million in support. Lumio's CEO, Andrew Walton, expressed optimism about the company's future despite the challenges.

zerohedge.com

SunPower, a 39-year-old solar rooftop business, has declared bankruptcy due to a severe liquidity crisis caused by a decline in demand in the solar market and the inability to secure new capital. The company cited higher interest rates, reduced subsidies, and President Biden's tariffs as contributing factors to its failure.

zerohedge.com

Heritage Global Partners has been selected to conduct an online auction of solar assets by order of the US Bankruptcy Court, featuring ~8.8MW of solar panels, trucks, trailers, hardware, racking, inverters, intellectual property, and more.

businesswire.com

    Description

    Sunworks, Inc., through its subsidiaries, provides photovoltaic and battery based power and storage systems for the agricultural, commercial, industrial, public works, and residential markets in the United States. It also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential projects to multi megawatt systems for larger com...Show More

    Earnings

    Earnings per Share (Estimate*)

    -1-0.52017-05-112018-11-072019-12-302021-08-122023-03-10

    Revenue (Estimate*)

    10M20M30M40M50M2017-05-112018-11-072019-12-302021-08-122023-03-10

    *Estimate based on analyst consensus