Sunworks (NASDAQ:SUNW) Earns “Buy” Rating from EF Hutton Acquisition Co. I

EF Hutton Acquisition Co. I reissued their buy rating on shares of Sunworks (NASDAQ:SUNWGet Rating) in a research note issued to investors on Monday, Benzinga reports. EF Hutton Acquisition Co. I currently has a $5.00 price target on the semiconductor company’s stock.

Separately, Northland Securities reduced their target price on shares of Sunworks from $6.00 to $4.00 in a report on Monday.

Sunworks Price Performance

SUNW stock opened at $1.67 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 1.63. Sunworks has a 52 week low of $1.23 and a 52 week high of $4.72. The firm’s fifty day moving average is $2.00 and its 200 day moving average is $2.35. The firm has a market cap of $58.76 million, a P/E ratio of -1.92 and a beta of 1.95.

Institutional Investors Weigh In On Sunworks

Several institutional investors have recently added to or reduced their stakes in SUNW. Ergoteles LLC purchased a new stake in Sunworks during the 1st quarter valued at $280,000. XTX Topco Ltd purchased a new stake in Sunworks during the 1st quarter valued at $40,000. Verition Fund Management LLC purchased a new stake in shares of Sunworks in the 1st quarter worth about $54,000. State Street Corp lifted its position in shares of Sunworks by 9.8% in the 1st quarter. State Street Corp now owns 88,353 shares of the semiconductor company’s stock worth $223,000 after purchasing an additional 7,863 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Sunworks by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 141,496 shares of the semiconductor company’s stock worth $356,000 after purchasing an additional 12,488 shares during the period. Hedge funds and other institutional investors own 16.18% of the company’s stock.

Sunworks Company Profile

(Get Rating)

Sunworks, Inc engages in the provision of photovoltaic and battery based power and storage systems for the residential and commercial markets. It operates through the Solcius and Sunworks business segments. The Solcius segment focuses on residential projects. The Sunworks segment deals with commercial projects including commercial, agricultural, industrial, and public works projects.

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