Sunworks, Inc.

Sunworks, Inc.

SUNW

SUNWSunworks, Inc. US flag

NASDAQ Capital Market

0.06

USD

-0.04

- -

3.41MMarket Cap

CIK

0001172631

ISIN

US86803X2045

CUSIP

86803X204

Return %

Stock

S&P500

1Y

-96.15

26.53

3Y

-99.60

76.60

5Y

-98.16

80.11

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Capital Structure

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Growth Rates

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Company Description

CEO: Mark Trout
Full Time Employees: 622
Sector: Energy
Industry: Solar
Address: 1555 Freedom Boulevard Provo UT United States of America 84604
IPO Date: Mar 10, 2010
CIK: 0001172631
Website: sunworksusa.com
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Columbus Energy S.A. (CLC.WA)
Business: Sunworks, Inc. engages in the design, engineering, and installation of high-performance solar power and battery storage systems across multiple sectors including residential, agricultural, commercial, industrial, federal, and public works in the United States. The company's core products and services include photovoltaic solar power systems; battery-based energy storage solutions; engineering, procurement, and construction (EPC) services; and electric vehicle charging systems. Sunworks offers a 25-year warranty on its installations and provides tailored solutions to optimize clean energy usage for its diverse client base. The company expands its reach through regional and local offices nationwide to deliver personalized service and support. Founded in 2003 and headquartered in Roseville, California, Sunworks extended its national footprint notably through the acquisition of Solcius in 2021, enhancing its market presence and installation capacity. In recent developments, Sunworks completed a $3.3 million registered direct offering of common stock with an ESG-focused institutional investor in 2023 to strengthen its working capital and corporate operations. The company also expanded its operations in the Florida market via a new greenfield branch and a partnership focused on landscaping services, reflecting a strategic move to broaden market penetration. Sunworks reported growth particularly in its commercial solar segment during 2023 while navigating challenges in the residential market. The company continues to innovate by incorporating battery storage and electric vehicle charging into its product portfolio and remains committed to delivering clean, reliable energy solutions as it adapts to the evolving renewable energy landscape. Sunworks' industry segment covers renewable energy and clean technology, targeting diverse customers including homeowners, businesses, government agencies, and agricultural operations. The company's comprehensive offerings align with its mission to reduce dependence on traditional energy sources while providing cost-effective and sustainable energy alternatives. Sunworks maintains a commitment to high ethical and safety standards and leverages experienced professionals within its workforce to support its national growth and operational excellence. Despite financial market challenges and the dynamic nature of the solar industry, Sunworks positions itself for long-term success in the renewable energy sector by continuing to expand its technological capabilities and market reach.

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