Sunation Energy, Inc. (SUNE)
NASDAQ:SUNE
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SUNation Energy
(NASDAQ:SUNE)
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Rating:45Neutral
Price Target:
$1.00
▼(-10.71% Downside)
Action:Reiterated
Date:05/22/26
The score is held down primarily by persistent losses and uneven cash flow, reinforced by bearish technical signals (below key moving averages and negative MACD). Offsetting these are clear balance-sheet de-risking actions (lower leverage and debt conversion) and some optionality from the strategic review, but these are not yet enough to overcome weak operating performance.
Positive Factors
Improved balance sheet / lower leverage
SUNation has materially reduced leverage and established a positive equity base, lowering near-term solvency risk. Durable balance-sheet repair cuts interest burden and improves runway versus earlier stressed periods, giving management time to execute operational fixes or pursue strategic options.
Negative Factors
Persistent operating and net losses
Sustained EBIT and net losses erode returns and limit reinvestment capacity. Continued unprofitability risks equity erosion over time and forces reliance on external financing or asset sales to sustain operations, making the company's ability to demonstrate durable earnings power a central structural risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved balance sheet / lower leverage
SUNation has materially reduced leverage and established a positive equity base, lowering near-term solvency risk. Durable balance-sheet repair cuts interest burden and improves runway versus earlier stressed periods, giving management time to execute operational fixes or pursue strategic options.
Read all positive factors
SUNation Energy (SUNE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.07M
Dividend YieldN/A
Average Volume (3M)316.47K
Price to Earnings (P/E)―
Beta (1Y)-1.99
Revenue Growth18.10%
EPS Growth99.97%
CountryUS
Employees189
SectorTechnology
Sector Strength88
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-3.70
Shares Outstanding4,123,106
10 Day Avg. Volume241,932
30 Day Avg. Volume316,472
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.11
Price to Sales (P/S)0.04
P/FCF Ratio2.83
Enterprise Value/Market Cap2.34
Enterprise Value/Revenue0.18
Enterprise Value/Gross Profit0.49
Enterprise Value/Ebitda-1.49
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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. I...
How the Company Makes Money
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SUNation Energy Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 24, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant improvements in financial performance and strategic initiatives, particularly in residential sales and debt reduction. However, there are challenges such as declining commercial sales and uncertainties related to tax policy changes. Overall, the sentiment reflects positive momentum with some caution due to external factors.Positive Updates
Strong Residential Sales Growth
Residential sales in New York and Hawaii were up 54% year-over-year in Q3, driven by the rush to complete installations before the end of 2025.
Negative Updates
Commercial Sales Decline
Commercial sales declined by $1.7 million, with the company acknowledging the complexity and longer development time of commercial projects.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Residential Sales Growth
Residential sales in New York and Hawaii were up 54% year-over-year in Q3, driven by the rush to complete installations before the end of 2025.
Read all positive updates
Company Guidance
During the SUNAtion Energy Third Quarter 2025 Financial Results Conference Call, the company provided an optimistic outlook despite industry challenges. SUNAtion reported a notable 29% increase in total sales, reaching $19 million, up from $14.7 million the previous year. Residential sales in New York and Hawaii surged by 54% year-over-year, contributing to a 72% rise in service sales. Gross margins improved to 38% from 35.6%, reflecting enhanced operational efficiency. The company also reduced total debt by over $11 million to $7.9 million. Despite a net loss of $393,000, this was a significant improvement from the $3.3 million loss in the prior year. SUNAtion reiterated its 2025 guidance, expecting total sales between $65 million and $70 million and a positive adjusted EBITDA ranging from $500,000 to $700,000. Looking ahead, the company aims to leverage new financing options and expand its market presence through strategic M&A opportunities and diversification into sectors like AI and data centers.SUNation Energy Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
58
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 66.46M | 71.91M | 56.86M | 79.63M | 27.52M | 38.16K |
| Gross Profit | 24.14M | 27.54M | 20.43M | 27.70M | 7.38M | 38.16K |
| EBITDA | -7.95M | 830.62K | -9.57M | 973.22K | 943.41K | -3.43M |
| Net Income | -11.49M | -10.89M | -15.85M | -8.13M | -10.35M | -6.24M |
Balance Sheet | ||||||
| Total Assets | 40.12M | 48.24M | 45.71M | 58.17M | 74.70M | 2.80M |
| Cash, Cash Equivalents and Short-Term Investments | 1.69M | 7.18M | 839.27K | 3.58M | 4.85M | 18.97K |
| Total Debt | 9.36M | 10.05M | 20.42M | 19.77M | 17.64M | 6.54M |
| Total Liabilities | 19.86M | 23.90M | 37.17M | 37.74M | 47.47M | 11.44M |
| Stockholders Equity | 20.26M | 24.35M | 8.55M | 20.44M | 27.22M | -8.64M |
Cash Flow | ||||||
| Free Cash Flow | -805.75K | 906.38K | -6.34M | -1.32M | -7.69M | -4.65M |
| Operating Cash Flow | -805.75K | 955.00K | -6.30M | -667.18K | -7.58M | -4.61M |
| Investing Cash Flow | -45.89K | -49.00K | -26.67K | 3.57M | -3.10M | 30.54M |
| Financing Cash Flow | 798.43K | 5.13M | 2.08M | -2.76M | 15.91M | -35.59M |
SUNation Energy Technical Analysis
Negative
1.12
Price Trends
1.65
Negative
1.45
Negative
1.42
Negative
Market Momentum
-0.08
Positive
41.50
Neutral
16.08
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 1.12 is below the 20-day moving average (MA) of 1.42, below the 50-day MA of 1.65, and below the 200-day MA of 1.42, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 41.50 is Neutral, neither overbought nor oversold. The STOCH value of 16.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SUNE.
SUNation Energy Risk Analysis
SUNation Energy disclosed 50 risk factors in its most recent earnings report. SUNation Energy reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SUNation Energy Peers Comparison
UnderperformOutperform
Sector (61)
SUNE
SUNation Energy
1.23
-0.36
-22.64%
VATE
INNOVATE Corp
13.10
6.78
107.28%
SKK
SKK Holdings Limited
3.97
-2.43
-37.96%
MSW
Ming Shing Group Holdings Limited
1.35
-3.33
-71.13%
WXM
WF International Ltd.
0.46
-1.55
-77.11%
OFAL
OFA Group
0.30
-4.49
-93.82%
SUNation Energy Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
SUNation Energy Converts Debt to Equity, Extends Credit Line
Positive
Apr 15, 2026
On April 14, 2026, SUNation Energy’s board amended its secured revolving line of credit with related-party lender MBB Energy, extending the facility’s maturity from April 15, 2026 to October 15, 2026 and increasing its total capacity b...
Business Operations and StrategyM&A Transactions
SUNation Energy Board Initiates Broad Strategic Alternatives Review
Positive
Apr 9, 2026
On April 9, 2026, SUNation Energy’s board launched a strategic review of alternatives intended to diversify operations and revenue streams while maximizing shareholder value. Options under consideration include a potential sale, strategic bu...
Private Placements and FinancingRegulatory Filings and Compliance
SUNation Energy Launches New At-the-Market Stock Offering
Neutral
Apr 9, 2026
On April 8, 2026, SUNation Energy, Inc. entered into a Sales Agreement with Maxim Group LLC, under which Maxim will act as sales agent for an at-the-market offering of up to $3,599,586 of SUNation’s common stock. The shares, to be issued fro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.