SUNation Energy (NASDAQ:SUNE) Posts Earnings Results

SUNation Energy (NASDAQ:SUNE) released its earnings results on Wednesday. The company reported ($0.52) EPS for the quarter, Zacks reports. The firm had revenue of $8.16 million during the quarter. SUNation Energy had a negative net margin of 17.28% and a negative return on equity of 51.96%.

SUNation Energy Price Performance

NASDAQ SUNE traded down $0.03 during trading on Thursday, hitting $2.59. 41,014 shares of the stock traded hands, compared to its average volume of 4,820,515. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 0.15. SUNation Energy has a 12-month low of $0.68 and a 12-month high of $9.45. The firm has a 50-day simple moving average of $2.55 and a 200-day simple moving average of $1.87. The company has a market capitalization of $10.68 million, a P/E ratio of -0.98 and a beta of 2.15.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SUNE. Wall Street Zen cut shares of SUNation Energy from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded SUNation Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About SUNation Energy

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.