Sunworks Awarded Agricultural Solar Project in California
Sunworks, Inc. (SUNW)
Last sunworks, inc. earnings: 10/31 07:07 am
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Source: GlobeNewswire
ROSEVILLE, Calif., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a premier provider of high-performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced it has been awarded an engineering, procurement and construction (EPC) contract to develop a 653kW ground mount solar system for a privately-held dairy farm in California’s Central Valley. Sunworks’ Chief Executive Officer, Chuck Cargile, said, “This project expands our agricultural, commercial and industrial (ACI) pipeline, and reinforces our presence in the California market. The system will reduce operating costs for Lima Ranch Dairy and enable them to better control the costs and access to electricity. We expect to recognize revenue related to this project in the second and third quarters of 2020." Mr. Cargile continued, “We are experiencing strong new project orders in the fourth quarter of this year, increasing our backlog f
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