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SUNE

SUNation Energy Inc.

SUNE

SUNation Energy Inc. • NASDAQ
$1.32 ▲ 1.54% (+0.02)
Market Cap $4.50 M
52w High $658.00
52w Low $1.08
Dividend Yield 0%
P/E 0
Volume 33.64K
Outstanding Shares 3.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $18.994M ▲ $7.457M ▲ $-392.975K ▲ -2.069% ▲ $-0.12 ▲ $395.173K ▲
Q2-2025 $13.064M ▲ $7.003M ▲ $-9.607M ▼ -73.54% ▼ $-3.136 ▲ $-8.246M ▼
Q1-2025 $12.637M ▼ $6.599M ▼ $-3.496M ▲ -27.669% ▲ $-106.71 ▲ $-2.283M ▲
Q4-2024 $15.375M ▲ $12.094M ▲ $-6.82M ▼ -44.357% ▼ $-729.926 ▲ $-5.229M ▼
Q3-2024 $14.718M $6.842M $-3.299M -22.411% $-2.354K $-1.702M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.415M ▲ $49.607M ▲ $27.879M ▲ $21.728M ▼
Q2-2025 $3.187M ▲ $44.13M ▼ $22.028M ▼ $22.102M ▲
Q1-2025 $1.447M ▲ $44.428M ▼ $29.621M ▼ $14.807M ▲
Q4-2024 $839.268K ▼ $45.713M ▼ $37.165M ▼ $8.547M ▼
Q3-2024 $1.062M $50.999M $37.869M $13.13M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-392.975K ▲ $2.387M ▲ $-8.97K ▼ $-148.073K ▼ $2.23M ▲ $2.378M ▲
Q2-2025 $-9.607M ▼ $-130.184K ▲ $-8.817K ▼ $1.872M ▼ $1.733M ▲ $-139.001K ▲
Q1-2025 $-3.496M ▲ $-3.403M ▼ $0 ▲ $3.992M ▲ $588.882K ▲ $-3.403M ▼
Q4-2024 $-6.82M ▼ $-1.909M ▼ $-3.036K ▲ $901.138K ▼ $-1.011M ▼ $-1.912M ▼
Q3-2024 $-3.299M $-968.12K $-12.17K $1.01M $30.031K $-980.29K

Revenue by Products

Product Q4-2014Q1-2015Q2-2015Q3-2015
Renewable Energy Development
Renewable Energy Development
 $0 ▲$260.00M ▲$330.00M ▲$290.00M ▼
TerraForm Global Segment
TerraForm Global Segment
 $0 ▲$0 ▲$0 ▲$30.00M ▲
TerraForm Power Segment
TerraForm Power Segment
 $0 ▲$0 ▲$0 ▲$160.00M ▲
Terraform
Terraform
 $40.00M ▲$70.00M ▲$130.00M ▲$0 ▼
Semiconductor
Semiconductor
 $210.00M ▲$0 ▼$0 ▲$0 ▲
Solar
Solar
 $380.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement SUNation’s income statement shows a very small business that is still losing money. Revenue has been modest but moving upward, and the company is generating some gross profit from its projects. However, overhead and other operating costs are still larger than the gross profit, so operating income and net income remain negative. Losses have persisted for several years, and recent reverse stock splits suggest the market value per share had fallen quite far, amplifying how large the reported loss per share looks. Overall, the business is still in an early, unprofitable phase with scale and cost discipline as key challenges.

Balance Sheet

Balance Sheet The balance sheet is small and somewhat fragile. Total assets are limited, equity is thin, and there is a meaningful, though not extreme, layer of debt for a company of this size. The good sign is that equity has improved from negative to positive territory, which indicates some repair of the capital structure, likely helped by capital raises. The worrying sign is that reported cash appears minimal, so the company’s cushion against shocks or downturns may be weak. This mix points to a business that is still rebuilding its financial foundation and remains sensitive to funding conditions.

Cash Flow

Cash Flow Cash flow from operations has been slightly negative, which means the core business is still consuming cash rather than generating it. Free cash flow is also negative, though the company does not appear to be spending heavily on long-lived equipment or large growth investments. Instead, the main issue is simply that the business is not yet big or efficient enough to cover its own costs. This pattern raises questions about how SUNation will continue to fund its activities—through additional equity, debt, or other means—until it reaches a more self-sustaining scale.

Competitive Edge

Competitive Edge Competitively, SUNation has some clear strengths despite its small size. It has a strong local brand in its core markets, especially on Long Island, and a reputation built over many years in solar installation and service. Its strategy of acquiring and integrating local solar and energy-service firms broadens its footprint and customer base. The company also offers a full suite of services—solar, storage, roofing, and long-term maintenance—which can deepen customer relationships and create repeat business. However, it operates in a crowded, price-sensitive industry, heavily influenced by policy and incentives. Geographic concentration, the complexity of integrating acquisitions, and competition from larger national players all temper its competitive position.

Innovation and R&D

Innovation and R&D SUNation’s most notable innovation is its E-Gear energy management technology, which includes a controller that helps optimize how solar and battery systems are used in the home. This gives SUNation a software-and-hardware platform that can be embedded in partners’ products, as seen with the licensing deal to supply E-Gear technology to a larger energy storage provider. That model can create higher-margin, recurring licensing revenue if it scales. The company is also looking to expand into energy-efficient HVAC and potentially support infrastructure for data centers and other digital-economy assets. On the financial side, its decision to hold Bitcoin and consider crypto payments is unconventional and may appeal to some but also introduces extra volatility and non-core risk. Overall, innovation is a genuine bright spot, but limited financial resources could constrain how aggressively it develops and markets these technologies.

Summary

Overall, SUNation looks like a very small, innovative solar and energy-services company trying to grow out of a fragile financial base. On the positive side, it has a strong regional brand, a differentiated technology platform in E-Gear, and a comprehensive service offering that can support long-term customer relationships. On the risk side, the business is still unprofitable, cash generation is weak, the balance sheet is thin, and multiple recent reverse splits highlight past market pressure on the stock. Success will likely depend on whether SUNation can scale revenue, control costs, monetize its E-Gear licensing strategy, and expand thoughtfully into new markets without overstretching its limited financial resources.

NEWS

November 13, 2025 · 9:15 AM UTC

SUNation Energy Reminds Investors of 2025 Third Quarter Financial Results Conference Call Scheduled for November 17, 2025

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November 12, 2025 · 4:10 PM UTC

SUNation Energy to Participate in Bank of America 2025 Clean Tech Symposium

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November 10, 2025 · 7:30 AM UTC

SUNation Energy Announces 2025 Third Quarter Results and Reiterates 2025 Full Year Financial Guidance

Read more