|Bid||13.22 x 900|
|Ask||13.35 x 1100|
|Day's Range||12.52 - 14.59|
|52 Week Range||0.29 - 29.37|
|Beta (5Y Monthly)||1.63|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 29, 2021 - Apr 02, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.80|
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.
Company enters 2021 with more than $39 million in cash and $42 million in backlog ROSEVILLE, CA / ACCESSWIRE / February 9, 2021 / Sunworks, Inc. (Nasdaq:SUNW), a provider of solar power and battery storage solutions for agriculture, commercial, industrial, public works, and residential markets, today announced preliminary financial results for the fourth quarter and year ended December 31, 2020.
Clean energy stocks have been absolutely on fire the last few months. It's easy to get excited about this growth industry: A new administration is already pushing for more wind and solar energy projects, electric vehicle sales are expected to explode in the next few years, and emerging technology for hydrogen could bring exciting disruptions. Hot stocks Sunworks (NASDAQ: SUNW), Blink Charging (NASDAQ: BLNK), and FuelCell Energy (NASDAQ: FCEL) are three clean energy stocks that I simply wouldn't touch as an investor, and there are good reasons why.