Chardan Capital Markets Downgrades Sunworks (SUNW) to Neutral

August 14, 2018 8:21 AM EDT
Get Alerts SUNW Hot Sheet
Price: $5.89 -5%

Rating Summary:
    0 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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Chardan Capital Markets analyst James McIlree downgraded Sunworks (NASDAQ: SUNW) from Buy to Neutral.

McIlree commented, "While the shares remain statistically cheap we expect valuation to remain depressed until the company moves its low margin projects out of backlog, and demonstrates new projects have a sustainably higher margin."

For an analyst ratings summary and ratings history on Sunworks click here. For more ratings news on Sunworks click here.

Shares of Sunworks closed at $0.87 yesterday.

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Chardan Capital Markets, James McIlree