Sunworks, Inc. (SUNW) Forms $1.20 Double Bottom; BLUEFIRE RENEWABLES (BFRE) SI Decreased By 70.08%

BlueFire Renewables, Inc. (OTCMKTS:BFRE) Logo

Sunworks, Inc. (SUNW) formed double bottom with $1.12 target or 7.00% below today’s $1.20 share price. Sunworks, Inc. (SUNW) has $27.78 million valuation. The stock increased 0.84% or $0.01 during the last trading session, reaching $1.2. About 159,705 shares traded or 68.23% up from the average. Sunworks, Inc. (NASDAQ:SUNW) has declined 27.86% since May 12, 2017 and is downtrending. It has underperformed by 39.41% the S&P500.

BLUEFIRE RENEWABLES INC (OTCMKTS:BFRE) had a decrease of 70.08% in short interest. BFRE’s SI was 107,400 shares in May as released by FINRA. Its down 70.08% from 358,900 shares previously. It closed at $0.0003 lastly. It is up 0.00% since May 12, 2017 and is . It has underperformed by 11.55% the S&P500.

BlueFire Renewables, Inc. focuses on developing, owning, and operating carbohydrate transportation fuel plants or bio-refineries to produce ethanol in North America. The company has market cap of $125,469. The Company’s bio-refineries would convert organic materials, such as agricultural residues, high-content biomass crops, wood residues, and cellulose from municipal solid wastes into ethanol. It currently has negative earnings. The firm has a technology license agreement with Arkenol, Inc. to use and sub-license the Arkenol technology that converts cellulose and waste materials into ethanol and other high value chemicals.