SUNation Energy (NASDAQ:SUNE) Announces Earnings Results

by · The Cerbat Gem

SUNation Energy (NASDAQ:SUNE – Get Free Report) released its quarterly earnings results on Friday. The company reported ($1.20) EPS for the quarter, FiscalAI reports. The company had revenue of $7.19 million during the quarter. SUNation Energy had a negative net margin of 15.15% and a negative return on equity of 52.50%.

SUNation Energy Stock Performance

SUNE traded down $0.11 during trading hours on Friday, hitting $1.65. The stock had a trading volume of 163,909 shares, compared to its average volume of 356,909. The company’s fifty day simple moving average is $1.66 and its 200 day simple moving average is $1.40. SUNation Energy has a 1 year low of $0.68 and a 1 year high of $3.46. The stock has a market cap of $5.63 million, a PE ratio of -0.02 and a beta of 2.29. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen raised SUNation Energy to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SUNation Energy in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Analysis on SUNation Energy

Insiders Place Their Bets

In other news, CFO James Robert Brennan acquired 123,254 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was bought at an average price of $1.77 per share, with a total value of $218,159.58. Following the acquisition, the chief financial officer owned 123,269 shares in the company, valued at $218,186.13. The trade was a 821,693.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.01% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SUNation Energy stock. Renaissance Technologies LLC bought a new position in SUNation Energy Inc. (NASDAQ:SUNE – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 92,515 shares of the company’s stock, valued at approximately $204,000. Renaissance Technologies LLC owned 2.71% of SUNation Energy as of its most recent SEC filing. Institutional investors own 4.21% of the company’s stock.

About SUNation Energy

(Get Free Report)

SUNation Energy Group, Inc is a Florida-based solar energy company specializing in the design, engineering, procurement, construction and maintenance of photovoltaic solar systems. Headquartered in Boca Raton, the company focuses on delivering turnkey solar solutions for residential and commercial customers. Its integrated service model spans site assessment, system design, installation, interconnection and ongoing performance monitoring.

The company’s product offering includes rooftop and ground-mounted solar arrays, energy storage systems and electric vehicle charging stations.

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