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Sunworks Inc - SUNW STOCK NEWS

Welcome to our dedicated news page for Sunworks (Ticker: SUNW), a resource for investors and traders seeking the latest updates and insights on Sunworks.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sunworks's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sunworks's position in the market.

Rhea-AI Summary
Sunworks, Inc. (NASDAQ:SUNW) announced financial results for Q3 2023, reporting total revenue of $28.7 million, a 29.5% decline from Q3 2022. Residential Solar segment revenue declined 44.5%, while Commercial Solar Energy segment revenue increased by 105.9%. The total backlog was $66.5 million, a 39.7% decline. Sunworks reported a net loss of ($36.4) million in Q3 2023, with an adjusted EBITDA loss of $8.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.14%
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Rhea-AI Summary
Sunworks, Inc. (NASDAQ:SUNW) will release its third quarter 2023 results on November 10, 2023. The company is a leading provider of solar power and battery storage solutions. A conference call will be held on the same day to discuss the financial results and recent events. The webcast of the conference call will be available on the company's Investor Relations website. To participate in the live teleconference, dial the provided numbers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.9%
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News
Rhea-AI Summary
Sunworks announces CEO transition
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End-of-Day
-12.77%
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Rhea-AI Summary
Sunworks signs agreement to install commercial EV charging systems for an existing customer
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End-of-Day
-3.69%
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Rhea-AI Summary
Sunworks, Inc. (NASDAQ:SUNW) to hold virtual annual meeting on September 22, 2023 at 9 a.m. MDT (11 a.m. EDT). Stockholders should vote on proposed matters by proxy. Questions can be submitted during the meeting.
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Rhea-AI Summary
Sunworks named one of the Top Solar Contractors in the US for the second year, expects solar adoption to increase over the next decade
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
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none
Rhea-AI Summary
Sunworks, Inc. reports financial results for Q2 2023, with total revenue of $34.6 million, a 4.8% decline compared to Q2 2022. Residential Solar segment revenue declined by 16.3%, while Commercial Solar Energy segment revenue increased by 91.7%. Total backlog decreased by 13.1% to $84.1 million. The company reported a net loss of ($12.7) million in Q2 2023, compared to a net loss of ($7.6) million in Q2 2022. Adjusted EBITDA was a loss of $9.9 million, compared to a loss of $5.7 million in the same period last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.03%
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Rhea-AI Summary
Sunworks, Inc. has entered into a definitive agreement with an ESG-focused institutional investor for the purchase and sale of 3,300,000 shares of the Company's common stock at a price of $1.00 per share in a registered direct offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.32%
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Rhea-AI Impact
Rhea-AI Sentiment
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-12.32%
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conferences earnings
Rhea-AI Summary
Sunworks, Inc. (NASDAQ:SUNW) announces preliminary Q2 2023 results: Total revenue between $33.0 and $35.0 million, Adjusted EBITDA between ($10.0) and ($11.5) million. Residential demand softened due to NEM 3.0 transition and higher interest rates. Company taking action to right-size cost structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.28%
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Sunworks Inc

Nasdaq:SUNW

SUNW Rankings

SUNW Stock Data

3.41M
55.43M
7.05%
6.23%
11.99%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
US
Roseville

About SUNW

sunworks, inc. (nasdaq: sunw) is a premier provider of high performance solar power systems. we are committed to quality business practices that exceed industry standards and uphold our ideals of ethics and safety. sunworks continues to grow its presence, expanding nationally with regional and local offices. we strive to consistently deliver high quality, performance oriented solutions for customers in a wide range of industries including agricultural, commercial and industrial, federal, public works, and residential. our dedication to excellence is reflected in our 25-year warranty, a benchmark that we stand by to support our customers above and beyond their expectations. sunworks’ diverse, seasoned workforce includes distinguished veterans who bring a sense of pride, discipline and professionalism to their interaction with customers. all of our employees uphold our company’s guiding principles each day. sunworks is a member of the solar energy industries association (seia) and is a p