Sunnova Energy Reports Q2 Loss, Misses Revenue Estimates - msnNOW
SUNWDelisted Stock | USD 1.62 0.08 4.71% |
Slightly above 61% of Sunworks' investor base is looking to short. The analysis of current outlook of investing in Sunworks suggests that many traders are alarmed regarding Sunworks' prospects. Sunworks' investing sentiment can be driven by a variety of factors including economic data, Sunworks' earnings reports, geopolitical events, and overall market trends.
Sunworks |
Sunnova Energy Reports Q2 Loss, Misses Revenue Estimates msnNOW
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Sunworks Fundamental Analysis
We analyze Sunworks' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sunworks using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sunworks based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Asset
Total Asset Comparative Analysis
Sunworks is currently under evaluation in total asset category among its peers. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Sunworks Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sunworks stock to make a market-neutral strategy. Peer analysis of Sunworks could also be used in its relative valuation, which is a method of valuing Sunworks by comparing valuation metrics with similar companies.
Peers
Sunworks Related Equities
MAXN | Maxeon Solar | 7.57 | ||||
FSLR | First Solar | 1.04 | ||||
ENPH | Enphase Energy | 0.35 | ||||
CSIQ | Canadian Solar | 0.63 | ||||
RUN | Sunrun | 1.15 | ||||
SEDG | SolarEdge Technologies | 2.11 | ||||
NOVA | Sunnova Energy | 3.98 | ||||
JKS | JinkoSolar Holding | 9.77 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Sunworks Stock
If you are still planning to invest in Sunworks check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sunworks' history and understand the potential risks before investing.
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