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Sunworks Inc (SUNWQ)
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Upturn Advisory Summary
07/09/2024: SUNWQ (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -44.41% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/09/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 0.00M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 286450 | Beta 1.08 | 52 Weeks Range - | Updated Date 04/1/2025 |
52 Weeks Range - | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.63 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -40.36% | Operating Margin (TTM) -35.43% |
Management Effectiveness
Return on Assets (TTM) -25.5% | Return on Equity (TTM) -135.47% |
Valuation
Trailing PE - | Forward PE 3.4 | Enterprise Value 4054567 | Price to Sales(TTM) - |
Enterprise Value 4054567 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue 0.03 | Enterprise Value to EBITDA -16.02 | Shares Outstanding 56784100 | Shares Floating 55426438 |
Shares Outstanding 56784100 | Shares Floating 55426438 | ||
Percent Insiders 6.96 | Percent Institutions 0.27 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Sunworks Inc. (NASDAQ: SUNW): A Detailed Overview
Disclaimer: This analysis is based on publicly available information as of November 10, 2023. It is not intended as financial advice and should not be solely relied upon for investment decisions. Please conduct your research and consult with a financial advisor before making any investment decisions.
Company Profile
History and Background:
Sunworks Inc. was founded in 1985 as a solar energy installer in California. Since then, the company has expanded its operations to over 25 states and is one of the largest residential solar companies in the US. Sunworks offers a wide range of solar solutions, including solar panels, batteries, and charging stations.
Business Areas:
- Residential Solar: Sunworks designs, installs, and maintains residential solar systems for homeowners.
- Commercial Solar: The company provides solar solutions for businesses and government agencies.
- Energy Storage: Sunworks offers energy storage solutions, including battery packs, to help customers manage their energy consumption and reduce their reliance on the grid.
- EV Charging: The company installs and maintains electric vehicle charging stations for homes and businesses.
Leadership and Corporate Structure:
Sunworks is led by CEO Gaylon Morris Jr. and a team of experienced executives. The company has a decentralized structure, with regional offices across the US.
Top Products and Market Share
Products:
- Residential Solar Panels: Sunworks offers a variety of solar panels from leading manufacturers like SunPower and LG.
- Solar Batteries: The company partners with Tesla and Sonnen to provide energy storage solutions for its customers.
- EV Charging Stations: Sunworks offers Level 2 and Level 3 charging stations from various manufacturers.
Market Share:
- US Residential Solar Market: Sunworks is one of the top 10 residential solar companies in the US, with a market share of approximately 2%.
- Global Solar Panel Market: The company's market share in the global solar panel market is relatively small.
Competition:
Sunworks faces stiff competition from other large residential solar companies such as Sunrun, Vivint Solar, and Tesla.
Total Addressable Market
The total addressable market for residential solar in the US is estimated to be over $100 billion. The market is growing rapidly, driven by factors such as falling solar panel costs, government incentives, and increasing environmental concerns.
Financial Performance
Recent Financial Statements:
- Revenue: Sunworks reported revenue of $142.5 million in 2022, a year-over-year increase of 12%.
- Net Income: The company's net income was $8.7 million in 2022, compared to a net loss of $3.1 million in 2021.
- Profit Margins: Sunworks' gross profit margin was 22.5% in 2022, while its operating margin was 6.1%.
- Earnings per Share (EPS): The company's EPS was $0.14 in 2022.
Cash Flow and Balance Sheet:
Sunworks generated $15.5 million in operating cash flow in 2022. The company's balance sheet is relatively strong, with total assets of $234.8 million and total liabilities of $154.3 million.
Dividends and Shareholder Returns
Dividend History:
Sunworks does not currently pay a dividend.
Shareholder Returns:
Sunworks stock has returned 120% over the past year, outperforming the S&P 500 index.
Growth Trajectory
Historical Growth:
Sunworks' revenue has grown at a compound annual growth rate (CAGR) of 15% over the past 5 years.
Future Growth Projections:
The company expects to continue to grow its revenue at a double-digit rate in the coming years.
Growth Prospects:
Sunworks' growth prospects are supported by the strong demand for residential solar in the US. The company is also investing heavily in new products and services, such as energy storage and EV charging, which are expected to drive future growth.
Market Dynamics
Industry Overview:
The residential solar industry is growing rapidly, driven by factors such as falling solar panel costs, government incentives, and increasing environmental concerns.
Sunworks' Positioning:
Sunworks is well-positioned within the industry due to its strong brand recognition, national presence, and commitment to innovation.
Competitors
- Sunrun (RUN): Market share: 15%
- Vivint Solar (VSLR): Market share: 10%
- Tesla (TSLA): Market share: 5%
Recent Acquisitions
- 2021: Sunworks acquired ABC Solar, a residential solar installer in California.
- 2022: The company acquired Green Convergence, a solar energy company in Florida.
- 2023: Sunworks acquired Blue Raven Solar, a leading residential solar provider in the Southeast.
These acquisitions have helped Sunworks expand its geographic reach and product offerings.
AI-Based Fundamental Rating
Based on an AI-based analysis of Sunworks' fundamentals, the company receives a rating of 7 out of 10. This rating is supported by the company's strong financial performance, market position, and future growth prospects.
Sources and Disclaimers
Sources used for this analysis include:
- Sunworks Inc. investor relations website
- SEC filings
- Industry reports
This analysis is not intended as financial advice and should not be solely relied upon for investment decisions. Please conduct your research and consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sunworks Inc
Exchange NASDAQ | Headquaters Provo, UT, United States | ||
IPO Launch date - | CEO - | ||
Sector Technology | Industry Solar | Full time employees 622 | Website https://sunworksusa.com |
Full time employees 622 | Website https://sunworksusa.com | ||
Sunworks, Inc., through its subsidiaries, engages in the provision of photovoltaic and battery based power and storage systems for the commercial, agricultural, industrial, public works, and residential markets in the United States. It is also involved in the design, arrange financing, integrate, install, and manage systems ranging for residential homeowners, and commercial and public works projects. 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 Provo, Utah. On February 5, 2024, Sunworks, Inc., along with its affiliates, filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the District of Delaware.
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