SunworksSolar stocks have not been immune to the staggering losses suffered in the first quarter. The Coronavirus is sending market confidence downward, but it is also creating some extreme bargain opportunities at the bottom. Sunworks Inc. (NASDAQ: SUNW) is a solar company that focuses on residential, commercial, and agricultural systems. It is involved at all ends of its market from design and engineering, down to installation, monitoring, and maintenance.

Some analysts consider Sunworks to be undervalued today. In 2020, its earnings are expected to grow by 52%. This would take it closer to profitability. Renewable energy is a major focus for governments and businesses around the world. It is expected that the majority of the energy market will be dominated by renewable companies within the next 50 years.

Sunworks stock trades at a bargain today but it has long-term potential. Investors who have confidence in a solar future could make a small and promising investment in this pick. In the shorter term, this stock has a price target of $2.20, suggesting that there’s an upside to come when the stock market picks up.

Key Data:

  • 1 Year Price Growth: -90.39%
  • YTD Price Growth: -69.92%
  • 3 Month Price Growth: -69.92%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.