|Bid||13.32 x 800|
|Ask||13.38 x 1200|
|Day's Range||13.03 - 14.43|
|52 Week Range||0.32 - 29.37|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2021 - May 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Transaction Provides Scale and Operating EfficienciesROSEVILLE, CA and PROVO, UT / ACCESSWIRE / April 8, 2021 / Sunworks, Inc. (NASDAQ:SUNW) ("Sunworks"), a provider of solar power and storage solutions for agriculture, commercial, industrial, public works, and residential markets, and Solcius, LLC ("Solcius"), a privately held, rapidly growing residential solar company, today announced that they have entered into a deﬁnitive agreement pursuant to which a subsidiary of Sunworks will acquire Solcius, valued at $51.
Shares of Sunworks (NASDAQ: SUNW) rose 11.3% in March, according to data from S&P Global Market Intelligence. The solar technology stock gained ground thanks to expectations that a big infrastructure spending push in the U.S. will create momentum for the clean energy space. Excitement surrounding the Biden administration's efforts to spearhead a major infrastructure spending bill prompted significant gains for Sunworks and other clean energy stocks last month.
The solar energy industry has grown rapidly even as fossil fuels remain the dominant source of global energy use. While some large utilities and energy companies have solar and renewable energy divisions, these businesses typically are not included in the industry's listings because the parent's primary focus is not solar. TAN has provided a total return of 266.8% over the last 12 months, well above the Russell 1000's total return of 66.1%, as of March 12, 2021.