SUNation Energy (SUNE) AI Stock Analysis

• Market Cap: $4.97M
• Dividend Yield: N/A
• Average Volume (3M): 134.97K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.55
• Revenue Growth: -13.50%
• EPS Growth: 97.08%
• Country: US
• Employees: 189
• Sector: Technology
• Sector Strength: 80
• Industry: Engineering & Construction
• EPS (TTM): -3.14
• Shares Outstanding: 3,406,614
• 10 Day Avg. Volume: 169,213
• 30 Day Avg. Volume: 134,975
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.42
• Enterprise Value/Revenue: 0.22
• Enterprise Value/Gross Profit: 0.60
• Enterprise Value/Ebitda: -0.69
• 1Y Price Target: $1.50
• Price Target Upside: 4.90% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: $1.50 ▲(4.90% Upside)

SUNation Energy's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue and high leverage. Technical analysis also indicates bearish momentum. However, positive developments from the earnings call and corporate events provide some optimism, slightly offsetting the financial challenges.

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

SUNation Energy generates revenue primarily through the sale and installation of solar energy systems for residential and commercial clients. The company offers various financing options, including direct purchases, leases, and power purchase agreements (PPAs), which allow customers to adopt solar energy with minimal upfront costs. Additionally, SUNation benefits from government incentives and tax credits associated with solar energy adoption, which can enhance its profitability. The company may also earn revenue through maintenance and monitoring services for installed systems. Strategic partnerships with financial institutions and energy providers further contribute to its revenue streams, enabling SUNation to expand its market reach and customer base.

SUNation Energy Financial Statement Overview

Summary

SUNation Energy faces significant financial challenges, with declining revenue, negative profitability, and high leverage. The income statement and balance sheet reflect these issues, and cash flow problems further limit operational flexibility. Improvement in revenue generation and cost management are critical for financial stabilization.

Income Statement

SUNation Energy's income statement shows significant challenges with profitability. The TTM (Trailing-Twelve-Months) gross profit margin is healthy at 35.9%, but the company has negative net income and EBITDA, indicating inefficiencies in operations and high expenses. Revenue has declined by 28.6% from the previous year, highlighting a concerning trend in revenue generation.

Balance Sheet

The balance sheet indicates a high debt-to-equity ratio of 2.39, suggesting significant financial leverage that could pose a risk. The equity ratio is 18.7%, showing a weaker financial position with a substantial portion of assets financed by debt. Return on equity is negative due to losses, which is a concern for potential investors.

Cash Flow

Cash flow analysis reveals a troubling situation with negative operating and free cash flows in the TTM period. The free cash flow to net income ratio is slightly above 1, but both metrics are negative, indicating cash burn. The company's ability to generate cash from operations is weak, potentially impacting its financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	55.79M	56.86M	79.63M	27.52M	38.16K
Gross Profit	20.10M	20.43M	27.70M	7.38M	38.16K
EBITDA	-17.46M	-9.57M	973.22K	943.41K	-3.43M
Net Income	-23.22M	-15.85M	-8.13M	-10.35M	-6.24M
Balance Sheet
Total Assets	44.13M	45.71M	58.17M	74.70M	2.80M
Cash, Cash Equivalents and Short-Term Investments	3.47M	839.27K	3.58M	4.85M	18.97K
Total Debt	10.67M	20.42M	19.77M	17.64M	6.54M
Total Liabilities	9.23M	37.17M	37.74M	47.47M	11.44M
Stockholders Equity	22.10M	8.55M	20.44M	27.22M	-8.64M
Cash Flow
Free Cash Flow	-9.84M	-6.34M	-1.32M	-7.69M	-811.02K
Operating Cash Flow	-9.81M	-6.30M	-667.18K	-7.58M	-811.02K
Investing Cash Flow	-24.02K	-26.67K	3.57M	-3.10M	479.98K
Financing Cash Flow	7.78M	2.08M	-2.76M	15.91M	350.00K

SUNation Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.43
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1.43 is below the 20-day moving average (MA) of 1.55, below the 50-day MA of 1.62, and below the 200-day MA of 203.34, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 34.86 is Neutral, neither overbought nor oversold. The STOCH value of 22.34 is Neutral, 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
WLDN	80 Outperform	$1.54B	43.05	14.68%	―	13.82%	96.16%
AMRC	68 Neutral	$1.19B	19.45	6.36%	―	22.85%	8.26%
ESOA	65 Neutral	$163.18M	57.21	5.24%	0.61%	9.52%	-88.22%
Sector *	49 Neutral	C$3.32B	0.26	-6.09%	7.64%	9.19%	-16.12%
SUNE	47 Neutral	$4.97M	―	-167.99%	―	-13.50%	97.08%
ZDAI	―		―		―	―	―
SKK	―	$8.06M	22.53		―	―	―

SUNation Energy Corporate Events

SUNation Energy Announces $30M Sales Agreement

On August 18, 2025, SUNation Energy, Inc. announced a sales agreement with Needham & Company, LLC for the potential sale of up to $30 million in common stock, aiming to leverage market offerings to strengthen its financial position. Additionally, the company reported its Q2 2025 financial results, highlighting a gross margin expansion to 37%, a significant reduction in total debt by $11.7 million, and an increase in residential backlog to $35.6 million by July 31, 2025. The company reiterated its full-year financial guidance, expecting total sales to rise by 14% to 23% from 2024, driven by increased demand for residential solar systems in New York and Hawaii due to policy changes and high electricity costs.

SUNation Energy Cancels Series A Warrants

On February 27, 2025, SUNation Energy, Inc. entered into a securities purchase agreement with institutional investors for $15 million in securities. By April 7, 2025, the company completed a second closing, issuing $5 million in securities, including Series A and B warrants. The Series B Warrants were fully exercised, while the Series A Warrants were later canceled on June 26, 2025, in exchange for a payment of approximately $267,392. The cancellation also led to the amendment of the Purchase Agreement, allowing the company to utilize its ATM Facility and conduct equity sales without previous restrictions, while warrant holders retained rights to participate in future equity offerings.

SUNation Energy Achieves Nasdaq Compliance Status

On June 16, 2025, SUNation Energy announced that the Nasdaq Hearings Panel found the company in full compliance with Nasdaq Listing Rules, following a review of past non-compliance notices related to bid price and public interest concerns. This decision allows SUNation to maintain its listing on Nasdaq, reflecting positively on its business outlook and stability.