Good morning members, We have a very exciting high growth Solar company trading on the NASDAQ exchange with an earnings call at 10 AM eastern today. We wanted to bring this to everyone's attention right away so no one misses out. SunWorks, Inc. (NASDAQ: SUNW) The Technical outlook- SUNW recently broke the 50 day MA, consolidated and is approaching a break over the 200 day MA - http://stockcharts.com/h-sc/ui?s=sunw Barchart.com's opinion- trend spotter and near term indicators are showing SUNW as a buy- http://www.barchart.com/opinions/stocks/SUNW News Friday- Investor Calendar Invites You to the Sunworks Fourth Quarter and Fiscal Year 2015 Earnings Conference Call and Webcast Live on Monday, March 14, 2016 Link- http://finance.yahoo.com/news/investor-calendar-invites-sunworks-fourth-210800936.html Highlights Recently announced contract worth over $9M Last reported (TTM) revenue over $41M Revenue growth quarterly (YOY) - 206% EBITDA (TTM)- $2.77 Last reported shares outstanding approx. 17M Current price- $3.07/share (Formerly known as Solar 3D, Inc- NASDAQ: SLTD) prior to the completion of the acquisition of Elite Solar which adds significant value here. Excerpt from the acquisition PR "Elite Solar has had a breakthrough year in 2015, with revenue expected to increase more than 100% of the 2014 figure with even greater growth in EBITDA. Prior to the acquisition, Elite Solar recently reported over $7 million in projects that have recently begun, as well as a backlog of contracted projects of over $5.5 million. With additional sizeable contracts pending with large agricultural and commercial organizations, Solar3D believes its newest operating division is well-positioned for even greater growth in 2016." Full press release- http://www.marketwired.com/press-release/solar3d-closes-the-acquisition-of-elite-solar-nasdaq-sltd-2078266.htm JP Morgan's Involvement It's not to often that JP Morgan drops $2.5M in debt on the books of a micro cap company, unless they see big revenue ahead. Much to our surprise this has gone mainly unnoticed by the investment community. Filing- http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11099366-1081-7404&type=sect&TabIndex=2&dcn=0001185185-16-003418&nav=1&src=Yahoo Excerpt from the 8-K filing "On December 31, 2015, Solar3D, Inc. (the “Company”) entered into a credit facility (the “Credit Facility”) with JPMorgan Chase Bank, N.A. (the “Lender”) evidenced by a Credit Agreement pursuant to which the Company may access up to $2,500,000 (the “Loan”) subject to certain terms and conditions as further described in the documents evidencing the Credit Facility (the “Loan Documents”)." Sunworks Announces Over $9 Million in Contracts With Sacramento-Area Municipalities and Public Works Divisions. "Company Secures Agreements to Provide a Variety of Solar Solutions for Cities and School Districts Seeking Energy Efficient Programs." Full PR- http://finance.yahoo.com/news/sunworks-announces-over-9-million-134500669.html This company has a good track record of not disappointing. Current analyst covering include Cowen and Aegis Capital with older buy ratings and price targets prior to the recent acquisition of Elite Solar of $5 - $5.75/share. http://www.streetinsider.com/Analyst+Comments/Cowen+Starts+Solar3D+(SLTD)+at+Outperform/10800784.html We believe there could be a good run and near term potential today and early this week with (NASDAQ: SUNW) The Team |
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