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 |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
75 Outperform | $745.86M | 30.47 | 10.78% | ― | 12.40% | 81.98% | |
74 Outperform | $171.86M | 9.33 | 41.26% | 0.56% | 4.62% | 81.73% | |
72 Outperform | $718.04M | 13.45 | 5.64% | ― | 30.13% | -7.60% | |
61 Neutral | $11.29B | 10.17 | -6.88% | 2.97% | 7.41% | -8.93% | |
30 Underperform | $5.42M | ― | -152.39% | ― | -20.49% | 88.27% | |
― | |||||||
$11.19M | 32.04 | ― | ― | ― |
On April 14, 2025, SUNation Energy entered into a Secured Revolving Line of Credit Agreement with MBB Energy, LLC, allowing the company to borrow up to $1,000,000 over a year. This agreement, with an 8% annual interest rate, is expected to support SUNation’s financial flexibility. Additionally, the company faced a Nasdaq compliance issue due to its stock price falling below $1.00, prompting a reverse stock split effective April 21, 2025, to regain compliance. This move consolidates every 200 shares into one, aiming to increase the market price per share and ensure continued Nasdaq listing.
On April 7, 2025, SUNation Energy announced the completion of its second and final tranche of a registered direct offering, raising $5 million in gross proceeds. This, combined with the $15 million from the first tranche closed on February 27, 2025, totals $20 million in gross proceeds. The funds have been used to repay $9.4 million in loans, improving the company’s balance sheet and providing financial flexibility for future growth, including strategic acquisitions. The offering marks a significant milestone for SUNation, enhancing its ability to meet industry challenges and pursue long-term growth objectives.
SUNation Energy has announced a strategic transformation with a new leadership team and optimized capital structure to enhance its market position. The company aims to grow through acquisitions of regional solar companies and strategic mergers, focusing on long-term success and sustainable business models.
SUNation Energy, Inc. has successfully repaid and terminated several loan agreements, including those with Decathlon Specialty Finance, LLC, Hercules Capital, Inc., Conduit Capital U.S. Holdings LLC, and MBB Energy, LLC, using proceeds from a recent $15 million equity financing. This strategic move, completed by March 3, 2025, eliminates all monthly payment obligations and restrictive covenants, resulting in significant cash savings and increased operational flexibility for potential acquisitions and future financing options.
On February 28, 2025, SUNation Energy, Inc. announced the initial closing of a registered direct offering, generating gross proceeds of approximately $15 million. This offering involves the sale of common stock and warrants, with a second closing expected to raise an additional $5 million, bringing total proceeds to $20 million. The funds will be used for operations, strategic transactions, and debt obligations, potentially impacting the company’s financial stability and market position.
SUNation Energy secured a $1 million bridge loan from Conduit Capital U.S. Holdings LLC on July 22, 2024, with a 20% original issue discount and interest rate, secured by the company’s assets. The company also entered into an ATM Offering Agreement with Roth Capital Partners, authorizing the sale of up to $10 million in common stock, raising over $2.8 million by November 2024. Additionally, SUNation resolved a contractual dispute related to Series A Warrants by issuing shares to settle potential claims, preserving cash for operations. Legal proceedings include a landlord dispute over insurance obligations and a potential claim regarding defective third-party equipment, both of which SUNation intends to defend vigorously.