SUNation Energy (NASDAQ:SUNE) Issues Earnings Results

SUNation Energy (NASDAQ:SUNE) posted its quarterly earnings results on Wednesday. The company reported $1.81 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $27.21 million during the quarter. SUNation Energy had a negative net margin of 33.82% and a negative return on equity of 120.96%.

SUNation Energy Stock Up 6.7%

Shares of NASDAQ SUNE opened at $1.44 on Thursday. SUNation Energy has a 52-week low of $0.68 and a 52-week high of $126.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.74 and a current ratio of 0.90. The business has a fifty day moving average of $1.28 and a two-hundred day moving average of $1.32. The stock has a market cap of $4.91 million, a PE ratio of -0.01 and a beta of 3.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SUNation Energy in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

SUNation Energy Company Profile

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.