11.04 +0.11 (1.01%)
After hours: 4:28PM EST
|Bid||10.93 x 900|
|Ask||11.13 x 800|
|Day's range||10.17 - 11.81|
|52-week range||0.29 - 29.37|
|Beta (5Y monthly)||1.58|
|PE ratio (TTM)||N/A|
|Earnings date||29 Mar 2021 - 02 Apr 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.
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.
What happened Shares of Sunworks (NASDAQ: SUNW) continued their sharp rise on Thursday, climbing as much as 33.8%. Shares fell back slightly as the day wore on, but at 2:30 p.m. EDT, they were still up 24.