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Is Sunworks (SUNW) Outperforming Other Oils-Energy Stocks This Year?

Zacks Equity Research

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Sunworks (SUNW) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Sunworks is a member of the Oils-Energy sector. This group includes 312 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SUNW is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for SUNW's full-year earnings has moved 120% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, SUNW has moved about 186.26% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 15.53%. This shows that Sunworks is outperforming its peers so far this year.

Looking more specifically, SUNW belongs to the Solar industry, which includes 12 individual stocks and currently sits at #82 in the Zacks Industry Rank. On average, this group has gained an average of 37.64% so far this year, meaning that SUNW is performing better in terms of year-to-date returns.

Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to SUNW as it looks to continue its solid performance.


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