Risk factor
Very high price volatility
Profitability factor
Strong growth
About
Sunworks, Inc., operating with its subsidiaries, specializes in delivering solar photovoltaic and battery energy storage solutions across various sectors within the United States. Its comprehensive services encompass the design, financial arrangement, integration, installation, and ongoing management of these systems. The company caters to a diverse clientele, including commercial enterprises, agricultural operations, industrial facilities, public infrastructure projects, and individual residential customers. Originally established in 2002 as Solar3D, Inc., the company adopted the name Sunworks, Inc. in March 2016 and is headquartered in Provo, Utah. However, on February 5, 2024, Sunworks, Inc. and its associated companies initiated voluntary liquidation proceedings under Chapter 7 of the U.S. Bankruptcy Code, filing with the District of Delaware's court.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers.