With a $59.60 million market cap, Sunworks, Inc. (SUNW) provides photovoltaic and battery-based power and storage systems and serves the agricultural, commercial, industrial, public works, and residential markets in the United States. The company also designs, finances, installs and manages systems ranging in size from approximately two kilowatts (kW) for residential projects to multi-megawatt (MW) systems for more extensive commercial and public works projects.
Investors have been bearish about SUNW due to its deteriorating financials and decelerating market share. Over the past few years, the company has been recurring huge losses. The stock has plummeted 41% in price year-to-date and 82.1% over the past year to close yesterday’s trading session at $1.81. SUNW is currently trading 550.3% below its 52-week high of $11.77, which it hit on June 28, 2021.
