SUNation Energy (NASDAQ:SUNE) Issues Earnings Results

SUNation Energy (NASDAQ:SUNE) released its quarterly earnings data 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 return on equity of 23.60% and a negative net margin of 8.48%.

SUNation Energy Stock Performance

SUNE remained flat at $2.53 on Friday. 100,211 shares of the company traded hands, compared to its average volume of 4,790,313. The company has a current ratio of 0.72, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $2.58 and its two-hundred day simple moving average is $1.88. SUNation Energy has a 52-week low of $0.68 and a 52-week high of $9.45. The firm has a market capitalization of $10.42 million, a price-to-earnings ratio of -84.31 and a beta of 2.15.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings cut SUNation Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of SUNation Energy from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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.