U.S. markets closed
  • S&P Futures

    4,135.50
    -18.00 (-0.43%)
     
  • Dow Futures

    32,979.00
    -176.00 (-0.53%)
     
  • Nasdaq Futures

    14,006.75
    -28.25 (-0.20%)
     
  • Russell 2000 Futures

    2,215.80
    -14.80 (-0.66%)
     
  • Crude Oil

    72.30
    +0.66 (+0.92%)
     
  • Gold

    1,773.30
    +4.30 (+0.24%)
     
  • Silver

    25.98
    +0.01 (+0.04%)
     
  • EUR/USD

    1.1874
    +0.0008 (+0.07%)
     
  • 10-Yr Bond

    1.4500
    -0.0610 (-4.04%)
     
  • Vix

    20.70
    +2.95 (+16.62%)
     
  • GBP/USD

    1.3814
    +0.0005 (+0.04%)
     
  • USD/JPY

    109.9900
    -0.1600 (-0.15%)
     
  • BTC-USD

    35,382.00
    -96.61 (-0.27%)
     
  • CMC Crypto 200

    878.66
    -61.29 (-6.52%)
     
  • FTSE 100

    7,017.47
    -135.96 (-1.90%)
     
  • Nikkei 225

    27,925.23
    -1,038.85 (-3.59%)
     

Why Shares of Sunworks Popped 39.3% on Wednesday

·1 min read
Why Shares of Sunworks Popped 39.3% on Wednesday
  • Oops!
    Something went wrong.
    Please try again later.

Quarterly revenues are estimated to be $8.5 million with a gross margin of 16% to 17% and a net loss of $5 million. Management highlighted the fact that Sunworks' cash balance was $39.4 million with a backlog of $42.6 million. Sunworks has been one of the hottest stocks in solar energy, but you can see that the company is still losing money and has an uphill battle against large competitors.