SUNation Energy (SUNE) AI Stock Analysis

• Market Cap: $949.01K
• Dividend Yield: N/A
• Average Volume (3M): 49.25M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: -21.25%
• EPS Growth: 65.85%
• Country: US
• Employees: 201
• Sector: Technology
• Sector Strength: 40
• Industry: Engineering & Construction
• EPS (TTM): -381.42
• Shares Outstanding: 4,393,587
• 10 Day Avg. Volume: 9,153,289
• 30 Day Avg. Volume: 49,252,745
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.01
• Price to Cash Flow (P/CF): -0.20
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

SUNation Energy's overall score is low, primarily due to significant financial challenges, including poor profitability, high leverage, and liquidity issues. The technical analysis indicates a bearish trend, with potential for a rebound, but current momentum is weak. The valuation score reflects unattractive metrics due to negative earnings. While the company's strategic move to embrace Bitcoin is a positive step, it does not offset the current financial and operational difficulties, resulting in a cautious outlook for the stock.

SUNation Energy Business Overview & Revenue Model

Company Description

SUNation Energy, Inc. is focused on local and regional solar, storage, and energy services companies nationwide. The firm's vision is to power the energy transition through the grass-roots growth of solar electricity paired with battery storage. Its portfolio of brands, including SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power, provides homeowners and small businesses with an end-to-end product offering spanning solar, battery storage, and grid services. The company was founded in 1969 and is headquartered in Ronkonkoma, NY.

How the Company Makes Money

Pineapple Holdings makes money primarily through the sale and installation of solar energy systems. Its revenue streams include the direct sale of solar panels and components, installation services for residential and commercial clients, and long-term power purchase agreements (PPAs) where the company develops, owns, and manages solar power installations and sells the generated electricity. Additionally, Pineapple Holdings may engage in partnerships with other energy companies or financial institutions to facilitate project financing and expand its market reach.

SUNation Energy Financial Statement Overview

Summary

SUNation Energy faces significant financial challenges across income, balance sheet, and cash flow metrics. The company struggles with profitability, leverage, and liquidity, which could pose risks if not addressed. Improvement in revenue generation and cost management is crucial for stabilizing financial health.

Income Statement

SUNation Energy has seen a volatile revenue trajectory with a recent decline from the previous period, indicating a contraction in sales. The gross profit margin is modest, but negative EBIT and EBITDA margins suggest significant operational challenges. The net profit margin is also negative, reflecting ongoing profitability issues.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio, signaling leverage concerns. Return on equity is negative due to losses, and the equity ratio is relatively low, indicating potential financial instability. The decrease in stockholders' equity further exacerbates this concern.

Cash Flow

Operating cash flow is negative, and free cash flow has deteriorated, reflecting cash management issues. The operating cash flow to net income ratio is unfavorable, indicating potential liquidity stress. The free cash flow to net income ratio is also negative, underscoring profitability challenges.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2014	Dec 2013
Income Statement		Total Revenue
60.93M	79.63M	27.52M	38.16K	2.48B	2.01B
	Gross Profit
20.35M	27.70M	7.38M	38.16K	221.90M	145.30M
	EBIT
-8.15M	-7.47M	-10.45M	-4.86M	-536.80M	-313.60M
	EBITDA
-3.98M	973.22K	943.41K	-3.43M	-449.00M	-101.40M
	Net Income Common Stockholders
-10.69M	-8.13M	-10.35M	-6.24M	-1.18B	-586.70M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
649.60M	3.58M	4.85M	18.97K	1.09B	614.50M
	Total Assets
3.57B	58.17M	74.70M	2.80M	11.50B	6.68B
	Total Debt
443.90M	19.77M	17.64M	6.54M	7.20B	878.60M
	Net Debt
-34.00M	16.20M	15.45M	6.53M	6.26B	305.10M
	Total Liabilities
1.40B	37.74M	47.47M	11.44M	11.27B	6.45B
	Stockholders Equity
2.17B	20.44M	27.22M	-8.64M	232.90M	232.20M
Cash Flow		Free Cash Flow
-4.31M	-1.32M	-7.69M	-811.02K	-999.60M	-839.90M
	Operating Cash Flow
-4.24M	-667.18K	-7.58M	-811.02K	-770.00M	-706.80M
	Investing Cash Flow
-64.89K	3.57M	-3.10M	479.98K	-2.64B	-868.40M
	Financing Cash Flow
869.48K	-2.76M	15.91M	350.00K	3.80B	1.59B

SUNation Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SUNE, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.84, and below the 200-day MA of 19.45, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 33.16 is Neutral, neither overbought nor oversold. The STOCH value of 10.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SUNE.

SUNation Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FSLR	75 Outperform	$13.78B	10.82	17.62%	―	26.75%	55.24%
ENPH	68 Neutral	$7.59B	75.54	11.30%	―	-41.92%	-76.24%
Sector *	57 Neutral	$18.52B	9.81	-13.96%	2.71%	5.07%	-23.65%
CSIQ	53 Neutral	$501.61M	14.16	1.34%	―	-21.68%	-99.75%
SEDG	51 Neutral	$864.69M	―	-116.01%	―	-68.86%	-4917.87%
RUN	46 Neutral	$1.58B	―	-73.12%	―	-9.83%	-71.44%
SUNE	39 Underperform	$949.01K	―	-61.20%	―	-21.25%	65.85%

SUNation Energy Corporate Events

SUNation Energy Embraces Bitcoin for Strategic Growth

SUNation Energy has announced its board’s approval to include Bitcoin (BTC) as an asset in its treasury management program, aiming to diversify its holdings and enable BTC payments for customers and suppliers. This strategic move positions SUNation to align with the growing digital economy, leveraging its sustainable energy solutions to mitigate the environmental impact of digital currencies, while offering institutional investors a chance to gain BTC exposure and enhancing its standing in the New Energy Economy.

SUNation Energy Extends CVR Agreement to 2025

SUNation Energy, formerly Communication Systems Inc. (CSI), has extended the term of its Contingent Value Rights (CVR) Agreement related to its merger with Pineapple Energy, LLC. Originally set to expire on March 31, 2024, the CVR Agreement has been extended to December 31, 2025, to accommodate the resolution of pending claims and expenses related to CSI’s pre-merger operations. Additionally, the company has dissolved its inactive subsidiaries, JDL Technologies, Inc. and Ecessa Corporation, to achieve cost savings.