SUNWORKS, INC.

Sunworks Names Gaylon Morris as Chief Executive Officer

Retrieved on: 
Monday, January 11, 2021
Energy, Alternative energy, Energy conversion, Articles, Solar energy in the United States, Renewable energy, Solar Energy Industries Association, Solar power, Solar energy

Mr. Morris is a transformational leader with a proven record of driving revenue growth and profitability in the construction, engineering, and renewable space.

Key Points: 
  • Mr. Morris is a transformational leader with a proven record of driving revenue growth and profitability in the construction, engineering, and renewable space.
  • Mr. Morris joins Sunworks after two decades leading large-scale engineering and construction companies through transition and growth.
  • Chuck Cargile, Sunworks Chairman of the Board said, The Board believes Gaylon is the ideal CEO to lead Sunworks through its next growth phase.
  • Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power.

Sunworks Pays Off Debt and Strengthens Balance Sheet

Retrieved on: 
Monday, December 7, 2020

Additionally, we are actively recruiting a permanent Chief Executive Officer (CEO) to lead the next phase of Sunworks evolution and fulfillment of backlog.

Key Points: 
  • Additionally, we are actively recruiting a permanent Chief Executive Officer (CEO) to lead the next phase of Sunworks evolution and fulfillment of backlog.
  • Sunworks, Inc. (NASDAQ: SUNW ) is a premier provider of high performance solar power systems.
  • Sunworks is committed to quality business practices that exceed industry standards and uphold its ideals of ethics and safety.
  • Sunworks diverse, seasoned workforce includes veterans who bring a sense of pride, discipline, and professionalism to their interaction with customers.

Sunworks Reports on Special Meeting of Stockholders

Retrieved on: 
Thursday, November 12, 2020
Corporate finance, Equity securities, Financial economics, Finance, Money, Stock market, Common stock, Stock

Sunworks had established October 9, 2020 as the record date for determining stockholders eligible to vote at the special meeting of stockholders and as of that record date, there were 16,628,992 shares of common stock outstanding and entitled to vote.

Key Points: 
  • Sunworks had established October 9, 2020 as the record date for determining stockholders eligible to vote at the special meeting of stockholders and as of that record date, there were 16,628,992 shares of common stock outstanding and entitled to vote.
  • At the special meeting of stockholders on November 12, 2020, only 4,362,575 votes were cast, or 26% of the total outstanding shares.
  • Therefore, the special meeting of stockholders was concluded and the merger was not approved.
  • Following the special meeting of stockholders, pursuant to the terms of the merger agreement with the Peck Company, Sunworks notified the Peck Company of its decision to terminate the merger agreement.

Sunworks Announces $10 Million in Q3 Project Wins, Representing an Acceleration in Activity and Improving Market Conditions

Retrieved on: 
Wednesday, October 7, 2020
Applied ethics, Business ethics, Cargile

The increased sales activity positions us well for 2021 and demonstrates the continued demand for our solar solutions, particularly among agriculture and commercial customers, Cargile continued.

Key Points: 
  • The increased sales activity positions us well for 2021 and demonstrates the continued demand for our solar solutions, particularly among agriculture and commercial customers, Cargile continued.
  • Sunworks is committed to quality business practices that exceed industry standards and uphold its ideals of ethics and safety.
  • Sunworks diverse, seasoned workforce includes veterans who bring a sense of pride, discipline, and professionalism to their interaction with customers.
  • Instead, they are based largely on the expectations of Sunworks and are subject to a number of risks and uncertainties.

SHAREHOLDER ALERT: WeissLaw LLP Reminds GRNV and SUNW Shareholders About Its Ongoing Investigations

Retrieved on: 
Saturday, September 26, 2020
Articles, Corporate finance, Economy, Corporations, Mergers and acquisitions, Reverse takeover, Shareholder, Public company

Under the terms of the merger agreement, GRNV will acquire AHA through a reverse merger that will result in AHA becoming a publicly-listed company.

Key Points: 
  • Under the terms of the merger agreement, GRNV will acquire AHA through a reverse merger that will result in AHA becoming a publicly-listed company.
  • The post-merger entity is expected to have an initial market capitalization of approximately $127 million.
  • Upon consummation of the deal, AHA's current shareholders will own approximately 71% of the combined company.
  • Under the terms of the agreement, SUNW shareholders will receive 0.185171 PECK shares for each share of SUNW common stock that they own, representing implied per-share merger consideration of only $1.46 based upon PECK's September 24, 2020 closing price of $7.90.

Moore Kuehn, PLLC Encourages Investors of SUNW, LVGO, JCAP, and NETE to Contact Law Firm

Retrieved on: 
Thursday, August 13, 2020
Common law, Equity, Fiduciary

Under the terms of the agreement, shareholders of Sunworks will receive 0.185171 shares of Peck Company for each share of Sunworks they own.

Key Points: 
  • Under the terms of the agreement, shareholders of Sunworks will receive 0.185171 shares of Peck Company for each share of Sunworks they own.
  • Moore Kuehn encourages shareholders who would like to discuss their rightsto contact Fletcher Moore, Esq.
  • Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
  • Moore Kuehn is a 5-star Google rated New York City-based law firm with attorneys representing investors and consumers in class action litigation involving securities law violations, financial fraud, breaches of fiduciary duties, and other claims.

The Peck Company Holdings to Acquire Sunworks via Share Exchange, Creating an Industry Leading Solar EPC with National Presence

Retrieved on: 
Monday, August 10, 2020
Energy, Articles, Alternative energy, Energy conversion, Renewable energy, Photovoltaics, Photovoltaic system, Solar power, Solar Energy Industries Association, Solar energy, Solar power in New Jersey, Solar power in California

Peck has installed over 160 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities.

Key Points: 
  • Peck has installed over 160 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities.
  • Sunworks, Inc. (NASDAQ: SUNW ) is a premier provider of high performance solar power systems.
  • Sunworks is committed to quality business practices that exceed industry standards and uphold its ideals of ethics and safety.
  • Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power.

Sunworks Reports Second Quarter 2020 Results

Retrieved on: 
Monday, August 10, 2020
Coronavirus disease, Occupational safety and health, Zoonoses

Selling, marketing, general and administrative expenses declined in the second quarter by $0.4 million, or 11.0% from first quarter 2020, to $2.9 million.

Key Points: 
  • Selling, marketing, general and administrative expenses declined in the second quarter by $0.4 million, or 11.0% from first quarter 2020, to $2.9 million.
  • Chuck Cargile, Sunworks Chief Executive Officer said, Our second quarter 2020 results reflect our effort to manage operations while dealing with the impact COVID-19 has had on Sunworks employees, customers, partners, and other stakeholders.
  • Gross margin for the second quarter of 2020 was 17.1% compared to 19.5% for the second quarter of 2019.
  • Operating expenses of $3.0 million for the second quarter of 2020 decreased from $3.5 million in the second quarter of 2019 and were at the lowest total since 2015.

Sunworks Reports Financial Results for the First Quarter of 2020

Retrieved on: 
Thursday, May 7, 2020

Revenue of $12.4 million for the first quarter of 2020 versus $9.3 million in the first quarter of 2019.

Key Points: 
  • Revenue of $12.4 million for the first quarter of 2020 versus $9.3 million in the first quarter of 2019.
  • Cash balance at March 31, 2020 was $5.9 million versus $3.5 million at the end of the first quarter of 2019.
  • The company noted that first quarter results historically are negatively impacted by wet weather in California, particularly for agriculture-related ground-mount systems.
  • The loss per fully diluted share in the first quarter of 2020 was affected by our increased number of shares outstanding in the quarter.

Sunworks to Announce First Quarter 2020 Results and Hold Conference Call on May 7th

Retrieved on: 
Thursday, April 30, 2020
Solar Energy Industries Association, Solar energy in the United States, Conference call

Management will host a conference call to discuss these results on the same day at 11:00 a.m.

Key Points: 
  • Management will host a conference call to discuss these results on the same day at 11:00 a.m.
  • The conference call will also be broadcast live over the Internet, which can be accessed via the Investor Relations section of Sunworks' web site at http://ir.sunworksusa.com .
  • Sunworks diverse, seasoned workforce includes distinguished veterans who bring a sense of pride, discipline, and professionalism to their interaction with customers.
  • Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power.