Research Desk Line-up: First Solar Post Earnings Coverage
LONDON, UK / ACCESSWIRE / August 3, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Sunworks, Inc. (NASDAQ: SUNW), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=SUNW. The Company announced on August 01, 2017, that it has signed an agreement with The Wiseman Co. ("Wiseman"), a leading commercial real estate holdings firm, to install a 370 kilowatt (kW) solar system at Fairfield, California. The solar system installation is scheduled for completion in 2017 and is expected to produce nearly 96% of the property's electricity needs within its first year of operation. For immediate access to our complimentary reports, including today's coverage, register for free now at:
Discover more of our free reports coverage from other companies within the Semiconductor - Specialized industry. Pro-TD has currently selected First Solar, Inc. (NASDAQ: FSLR) for due-diligence and potential coverage as the Company announced on July 27, 2017, its financial results for Q2 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on First Solar when we publish it.
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Benefits of Sunwork's Solar System Installation
Minimizing Construction Costs - The Sunworks project includes the installation of a "Park N' Shade" carport structure which provides a modular installation framework for solar panels, thereby minimizing construction costs and accelerating completion.
Curtailing Electricity Expenses - Sunworks plans to install 850 SunPower 435 watt panels partnered with Solectria inverters, resulting in a space-saving solar array which reduces Wiseman's electricity expenses.
Re-allocating Funds for Other Strategic Needs - The Company's solar power strategies will help Wiseman to minimize the electricity costs to near-zero. By offsetting energy expenses, Wiseman can re-allocate funds for other strategic and operational needs.
Preserving Space for Customers - Sunworks' team of seasoned construction managers integrates solar panels with unique structural solutions, such as Park N' Shade, to maximize energy savings while preserving real estate space for the customer.
Energy Cost Savings in the Long-term
Chuck Cargile, Sunworks' Chief Executive Officer, stated:
"This innovative, space-saving solution is designed to produce enough energy to be self-sustaining within its first year of operation, providing energy cost savings over the long-term. Our engagement with The Wiseman Company is another example of how we help businesses reduce electricity costs and create savings that can be reinvested in their business."
Recent Sunworks' Solar Projects
- On June 02, 2017, Sunworks announced a project for a 1.9 megawatt (MW) solar system that will be constructed at Meirinho Dairy in Merced, California.
- On June 19, 2017, the Company announced a project for the construction of 1.1 Megawatt (MW) solar system at CSP Labs in Pleasant Grove, California. On June 22, 2017, the Company signed an agreement to construct a 760 kilowatt (KW) solar system at Empire Farms in Garlach, Nevada.
- On June 23, 2017, Sunworks announced a project for a 1.06 megawatt (MW) solar system that will be constructed at Demas Farms in Winnemucca, Nevada.
- Sunworks announced on July 27, 2017, a 665 kW solar power construction project for Togninali Farms, a 3rd generation tomato farm in Stockton, California.
About Sunworks, Inc.
Sunworks, Inc. is a premier provider of solar power solutions for the agricultural, commercial, industrial, and residential markets in California, Oregon, Texas, New Mexico, and Nevada. Through its subsidiaries, the Company deals with the design, arranges financing, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects. The Company is a member of the Solar Energy Industries Association (SEIA). Founded in 1983, Sunworks is headquartered in Roseville, California.
Last Close Stock Review
On Wednesday, August 02, 2017, the stock closed the trading session at $1.87, slipping 3.11% from its previous closing price of $1.93. A total volume of 103.41 thousand shares have exchanged hands. Sunworks' stock price soared 6.86% in the last one month and 38.52% in the past three months. The stock currently has a market cap of $41.74 million.
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