Shares of Sunworks
SUNW Stock ,Sunworks shares ( SUNW 0.68 percent) continued their sharp climb on Thursday, climbing up to 33.8 percent. The shares fell somewhat as the day went up, but as of the time of 2:30 p.m. EDT the shares were in the top 24.8 percent for the day.
What’s the question?
There was no news on Sunworks this morning as well as no new policies were enacted by the newly-elected Biden administration. It’s just a continuation of momentum in the fast-growing sun energy industry right now.
After almost having to pay for its cash in the in the last year, the business has a new lease of life after it sold 20 million shares in December. It also paid off an $2.7 million debt. Sunworks will use its newly improved balance sheet to boost expansion.
Now , what do you do?
The most difficult thing with Sunworks is that it’s not even close to earning a profit. The revenue for the initial nine months of 2019 was $29.3 million, and losses of $11.1 million which is $0.75 for each share. The trends appear to remain, and with bigger and more well-established solar companies available it’s not a risk I’d take this day.
Sunworks Returns in a row. S&P
| 1 YEAR | 5 YEAR | 5 YEAR ANNUALIZED | SINCE IPO | |
|---|---|---|---|---|
| SUNW | +11.11% | -71.26% | -22.05% | -100% |
| S&P | -7.62% | +49.76% | +8.40% | +227% |
Assets
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Net Cash | $14.52M | +25.5% |
| Accounts Receivable | $32.36M | +80.0% |
| Inventory | 26.927 | +151.4% |
Liabilities
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Long Term Debt | $2.03M | +3.6% |
| Short Term Debt | $1.40M | +1.9% |
Ratios
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Return On Assets | -31.6% | +4.8% |
| Return On Invested Capital | -47.4% | -2.6% |
Cash Flow
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Free Cash Flow | -$4.85M | -68.2% |
| Operating Free Cash Flow | -$4.85M | -68.0% |
Valuation
QUARTERLYANNUAL
| Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YOY CHANGE | |
|---|---|---|---|---|---|
| Price to Earnings | – | – | – | – | – |
| Price to Book | 1.15 | 1.01 | 0.69 | 1.34 | -41.6% |
| Price to Sales | 0.83 | 0.59 | 0.40 | 0.67 | -68.5% |
| Price to Tangible Book Value | 3.29 | 2.25 | 1.48 | 3.08 | -53.2% |
| Price to Free Cash Flow TTM | – | – | – | – | – |
| Enterprise Value to EBITDA | -12.46 | -9.74 | -7.10 | -21.24 | -43.2% |
| Free Cash Flow Yield | – | – | – | – | – |
| Return on Equity | -49.8% | -39.5% | -49.0% | -48.5% | +4.3% |
| Total Debt | $3.47M | $3.33M | $3.27M | $3.43M | +2.9% |
