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Why Sunworks Stock Is Trading Up 300% Today

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Why Sunworks Stock Is Trading Up 300% Today

Sunworks (NASDAQ: SUNW) are trading higher on Thursday. The strength is potentially related to recent volatility in solar and EV names following momentum in SPI Energy as well as heavy sector speculation.

Sunworks provides photovoltaic based power systems for the agricultural, commercial, industrial and residential markets in California, Oregon, Texas, New Mexico and Nevada.

Its subsidiaries designs arrange, finance, integrate, install and manage systems ranging in size from 2 kilowatts for residential loads to multi-megawatt systems for larger commercial projects. The firm derives the majority of its revenue from sales to the commercial and agricultural markets

Sunworks shares were trading up 322.41% at $4.90 at the time of publication Thursday. The stock has a 52-week high of $8.50 and a 52-week low of 29 cents.

 

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