Sunworks Inc: Set to snap 8-session losing streak on solar project win

Sunworks

11/11/2019 14:45

** Shares of solar power provider  SUNW.O  rise 4.8% to
$1.80 in early trade as it wins contract to develop a 370kW
ground mount solar system for a residential project outside of
Boston
    ** Stock set to snap 8-session losing streak
    ** Company says it is the largest residential solar project
in the State of Massachusetts under the Solar Massachusetts
Renewable Target (SMART) initiative to date
    ** Expects to generate more than $750,000 in revenue over
the life-time of the project with engineering and construction
commencing in the current quarter
    ** SUNW reported Q3 revenue of $17.5 mln on Oct 3l
 urn:newsml:reuters.com:*:nGNX2kFvG7
    ** Up to Friday's close, stock had fallen 6.2% YTD

 (Reporting by Medha Singh in Bengaluru)
 ((medha.singh@thomsonreuters.com))