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Sunworks Announces $24 Million in New Commercial Orders

Sunworks Announces $24 Million in New Commercial Orders


Sunworks, Inc., a leading provider of solar power solutions, announced that its Agricultural and Commercial Divisions have collectively been awarded approximately $24 million in new commercial solar solution orders totaling more than 12MW since the Company released its first quarter 2016 earnings in May. These orders, together with a robust residential business, increased the company’s backlog to a record high exceeding $50 million at the end of May with strong additional sales in June. The new sales activity provides substantial visibility for the Company’s guidance for more than $100 million in revenue for the full year 2016.

“These wins demonstrate increasing demand in the agricultural and commercial markets for efficient and affordable solar solutions, and our continued ability to win market share,” said Jim Nelson, CEO of Sunworks, Inc. “Commercial bookings in the month of May and early June were particularly strong, and we are encouraged by our growing backlog of business which gives us increased visibility into our full-year outlook.”

Mr. Nelson added, “Our reputation for providing the best product, value and service remains paramount to winning new business in our primary markets. We look forward to extending this momentum into the second half of the year as well as strategically and opportunistically expanding our footprint into new targeted markets.”

Anand Gupta Editor - EQ Int'l Media Network


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