SUNation Energy (SUNE)


Market Price (10/15/2026): $2.12 | Market Cap: $13.6 MilSector: Information Technology | Industry: Semiconductors

SUNation Energy (SUNE)


Market Price (10/15/2026): $2.12
Market Cap: $13.6 Mil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Sustainable Infrastructure, and Sustainable & Green Buildings. Themes include Solar Energy Generation, Show more.

Weak multi-year price returns
2Y Excs Rtn is -135%, 3Y Excs Rtn is -180%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.0%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%, Rev Chg QQuarterly Revenue Change % is -38%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.9%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 89%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -44%

High stock price volatility
Vol 12M is 456%

Key risks
SUNE key risks include [1] a history of consistent unprofitability and declining earnings, Show more.

0 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Sustainable Infrastructure, and Sustainable & Green Buildings. Themes include Solar Energy Generation, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -135%, 3Y Excs Rtn is -180%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.0%
3 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%, Rev Chg QQuarterly Revenue Change % is -38%
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.9%
5 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 89%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -44%
7 High stock price volatility
Vol 12M is 456%
8 Key risks
SUNE key risks include [1] a history of consistent unprofitability and declining earnings, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/14/2026

SUNation Energy (SUNE) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Decline in the Residential Solar Market.

SUNation Energy's business model, focused on local and regional solar, storage, and energy services, is significantly impacted by the performance of the residential solar segment. This segment experienced a notable decline, with residential solar capacity installing 995 MWdc in fiscal Q2 2026 (ending June 30, 2026), representing a 12% year-over-year and 10% quarter-over-quarter decrease. This softening of the distributed segments is largely attributed to the market adjusting after the expiration of the Section 25D residential tax credit at the end of fiscal year 2025.

2. Rising Long-Term Interest Rates.

The broader macroeconomic environment saw long-term interest rates surge to decades-long highs during fiscal Q3 2026 (July 1 to September 30, 2026). This increase, driven by factors such as rising fuel prices and Federal Reserve rate hikes, generally makes the financing of solar energy projects more expensive. Higher borrowing costs can reduce consumer and business demand for solar installations and increase the cost of capital for solar companies like SUNation Energy, thus negatively impacting profitability and growth prospects.

Show more
Updated on 10/14/2026

SUNation Energy (SUNE) stock has lost about 15% since 6/30/2026 because of the following key factors:

1. Decline in the Residential Solar Market.

SUNation Energy's business model, focused on local and regional solar, storage, and energy services, is significantly impacted by the performance of the residential solar segment. This segment experienced a notable decline, with residential solar capacity installing 995 MWdc in fiscal Q2 2026 (ending June 30, 2026), representing a 12% year-over-year and 10% quarter-over-quarter decrease. This softening of the distributed segments is largely attributed to the market adjusting after the expiration of the Section 25D residential tax credit at the end of fiscal year 2025.

2. Rising Long-Term Interest Rates.

The broader macroeconomic environment saw long-term interest rates surge to decades-long highs during fiscal Q3 2026 (July 1 to September 30, 2026). This increase, driven by factors such as rising fuel prices and Federal Reserve rate hikes, generally makes the financing of solar energy projects more expensive. Higher borrowing costs can reduce consumer and business demand for solar installations and increase the cost of capital for solar companies like SUNation Energy, thus negatively impacting profitability and growth prospects.

3. Negative Analyst Sentiment and Bearish Technical Indicators.

During the period, market sentiment towards SUNE turned bearish. As of October 13, 2026, one Wall Street analyst maintained a "Sell" rating on the stock, indicating a pessimistic outlook with a projected downside of over 100%. Concurrently, several technical indicators signaled a downward trend: the 10-day Relative Strength Index (RSI) moved out of overbought territory on September 10, 2026; the stock price fell below its 50-day moving average on September 24, 2026, signaling a shift to a downward trend; and the 10-day moving average crossed bearishly below the 50-day moving average on September 29, 2026, reinforcing the sell signal.

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Stock Movement Drivers

Fundamental Drivers

The -13.1% change in SUNE stock from 6/30/2026 to 10/14/2026 was primarily driven by a -46.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)630202610142026Change
Stock Price ($)2.362.05-13.1%
Change Contribution By: 
Total Revenues ($ Mil)6662-7.4%
P/S Multiple0.10.276.2%
Shares Outstanding (Mil)36-46.8%
Cumulative Contribution-13.1%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/14/2026
ReturnCorrelation
SUNE-13.1% 
Market (SPY)3.1%2.4%
Sector (XLK)-0.0%14.1%

Fundamental Drivers

The -6.8% change in SUNE stock from 3/31/2026 to 10/14/2026 was primarily driven by a -46.6% change in the company's Shares Outstanding (Mil).
(LTM values as of)331202610142026Change
Stock Price ($)2.202.05-6.8%
Change Contribution By: 
Total Revenues ($ Mil)7262-14.4%
P/S Multiple0.10.2103.9%
Shares Outstanding (Mil)36-46.6%
Cumulative Contribution-6.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/14/2026
ReturnCorrelation
SUNE-6.8% 
Market (SPY)18.6%4.6%
Sector (XLK)43.5%14.0%

Fundamental Drivers

The 46.4% change in SUNE stock from 9/30/2025 to 10/14/2026 was primarily driven by a 177.3% change in the company's P/S Multiple.
(LTM values as of)930202510142026Change
Stock Price ($)1.402.0546.4%
Change Contribution By: 
Total Revenues ($ Mil)566210.3%
P/S Multiple0.10.2177.3%
Shares Outstanding (Mil)36-52.1%
Cumulative Contribution46.4%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/14/2026
ReturnCorrelation
SUNE46.4% 
Market (SPY)16.5%7.0%
Sector (XLK)35.7%13.5%

Fundamental Drivers

The -100.0% change in SUNE stock from 9/30/2023 to 10/14/2026 was primarily driven by a -100.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202310142026Change
Stock Price ($)127500.002.05-100.0%
Change Contribution By: 
Total Revenues ($ Mil)6562-5.3%
P/S Multiple0.10.264.6%
Shares Outstanding (Mil)06-100.0%
Cumulative Contribution-100.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/14/2026
ReturnCorrelation
SUNE-100.0% 
Market (SPY)86.2%6.6%
Sector (XLK)136.5%11.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SUNE Return27%-76%-75%-99%-100%123%-100%
Peers Return42%-15%60%30%13%20%245%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
SUNE Win Rate58%17%8%8%25%60% 
Peers Win Rate53%40%57%50%53%56% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SUNE Max Drawdown-55%-92%-77%-99%-100%-65% 
Peers Max Drawdown-27%-44%-34%-34%-41%-33% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: QCOM, FSLR, SLAB, POWI, NVDA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/14/2026 (YTD)

How Low Can It Go

EventSUNES&P 500
2020 COVID-19 Crash
  % Loss-40.3%-33.7%
  % Gain to Breakeven67.4%50.9%
  Time to Breakeven349 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-34.4%-19.2%
  % Gain to Breakeven52.4%23.8%
  Time to Breakeven164 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-24.4%-3.7%
  % Gain to Breakeven32.2%3.9%
  Time to Breakeven20 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-29.7%-12.2%
  % Gain to Breakeven42.1%13.9%
  Time to Breakeven1379 days62 days
2014-2016 Oil Price Collapse
  % Loss-33.0%-6.8%
  % Gain to Breakeven49.2%7.3%
  Time to Breakeven1426 days15 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-21.4%-15.4%
  % Gain to Breakeven27.2%18.2%
  Time to Breakeven154 days125 days

Compare to QCOM, FSLR, SLAB, POWI, NVDA

In The Past

SUNation Energy's stock fell -40.3% during the 2020 COVID-19 Crash. Such a loss loss requires a 67.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSUNES&P 500
2020 COVID-19 Crash
  % Loss-40.3%-33.7%
  % Gain to Breakeven67.4%50.9%
  Time to Breakeven349 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-34.4%-19.2%
  % Gain to Breakeven52.4%23.8%
  Time to Breakeven164 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-24.4%-3.7%
  % Gain to Breakeven32.2%3.9%
  Time to Breakeven20 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-29.7%-12.2%
  % Gain to Breakeven42.1%13.9%
  Time to Breakeven1379 days62 days
2014-2016 Oil Price Collapse
  % Loss-33.0%-6.8%
  % Gain to Breakeven49.2%7.3%
  Time to Breakeven1426 days15 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-21.4%-15.4%
  % Gain to Breakeven27.2%18.2%
  Time to Breakeven154 days125 days
2008-2009 Global Financial Crisis
  % Loss-38.6%-53.4%
  % Gain to Breakeven62.9%114.4%
  Time to Breakeven217 days1085 days

Compare to QCOM, FSLR, SLAB, POWI, NVDA

In The Past

SUNation Energy's stock fell -40.3% during the 2020 COVID-19 Crash. Such a loss loss requires a 67.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About SUNation Energy (SUNE)

SUNation Energy Inc. (SUNE) is a company that specializes in providing photovoltaic (PV) solar energy systems primarily to residential homeowners across the United States. The company focuses on enabling individuals to adopt solar power for their homes.

SUNE offers a comprehensive, end-to-end service for residential solar installations. This includes the entire process from initial design and engineering to procurement, permitting, construction, and grid connection. Post-installation, the company continues to support its customers with warranty services, ongoing monitoring, and maintenance of their solar energy systems.

Beyond core solar installations, SUNation Energy also provides integrated energy solutions. These offerings include battery storage products and energy management control devices designed for solar systems paired with batteries. Furthermore, the company develops and manufactures its own energy management software and hardware, enhancing its capabilities in smart home energy solutions.

AI Analysis | Feedback

Here are 1-3 brief analogies for SUNation Energy:

  • Like Tesla Energy for residential solar installations and home battery storage.
  • Think of them as Sunrun, but also developing their own energy management software and hardware for homes.

AI Analysis | Feedback

  • Residential Solar Energy Systems: Provides comprehensive installation and lifecycle management services for photovoltaic solar energy systems for homeowners.
  • Battery Storage Products: Offers battery storage products that can be paired with solar energy systems.
  • Energy Management Control Devices: Supplies devices for controlling energy management on solar systems integrated with batteries.
  • Energy Management Software and Hardware: Develops and manufactures proprietary software and hardware solutions for energy management.

AI Analysis | Feedback

SUNation Energy (SUNE)

SUNation Energy primarily sells its photovoltaic solar energy systems, battery storage products, and energy management solutions to individual residential homeowners. Based on the services and products offered, the company serves the following categories of customers:

  • Homeowners seeking energy cost savings: Individuals motivated by the desire to reduce their monthly electricity bills and achieve long-term financial savings by generating their own power.
  • Environmentally conscious homeowners: Individuals who prioritize sustainability, wish to reduce their carbon footprint, and contribute to clean energy initiatives.
  • Homeowners desiring energy independence and resilience: Those interested in greater control over their energy supply, particularly through battery storage for backup power during outages and optimized self-consumption of solar energy.

AI Analysis | Feedback

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AI Analysis | Feedback

Scott Maskin, Chief Executive Officer

Scott Maskin co-founded SUNation Solar Systems in 2003. He has over 20 years of experience in the residential and commercial solar, battery storage, and photovoltaic service industries. Mr. Maskin obtained his Master Electrician's license in 1994, and from 1980-1987, he traveled as an electrician and pyrotechnician for large touring musical, theatrical, and industrial tours.

James R. Brennan, Chief Financial Officer and Chief Operating Officer

James Brennan assumed the role of Chief Financial Officer, in addition to his Chief Operating Officer responsibilities, effective March 5, 2025. He joined SUNation in 2015 and was appointed Chief Operating Officer in 2022. Mr. Brennan brings over 30 years of domestic and international experience in M&A, finance, strategy, corporate development, sales, and marketing. A seasoned executive, military veteran (USAF), and experienced entrepreneur, he has founded, managed, and grown businesses across various industries globally. His prior experience includes executive roles at a predictive analytics company, an M&A advisory firm, a mobile and wireless healthcare technology solutions company, and multiple clinical software and device companies. He has international experience in countries such as Japan, Singapore, India, England, Germany, Austria, France, and Poland. Mr. Brennan holds an MBA in Finance from New York University Stern School of Business and a Bachelor of Science in Electrical Engineering (B.S.E.E.) from Cornell University.

Kristin A. Hlavka, Chief Accounting Officer

Kristin A. Hlavka was appointed corporate controller of Pineapple Energy in March 2022. She previously served as corporate controller of Communications Systems, Inc. from May 2011 until its merger with Pineapple Energy in March 2022. From July 2008 to April 2011, she was the assistant corporate controller of Communications Systems, and prior to July 2008, she worked as an auditor for Deloitte and Touche LLP.

Brian Karp, General Manager, New York Operations

Brian Karp manages all aspects of SUNation's installation, service, warehouse, fleet management, and facilities teams. He has been with SUNation for over ten years and was an early employee. Mr. Karp has been involved in more than 2,500 residential, municipal, and commercial installations, and played a key role in consolidating four facilities, five storage locations, and 80 personnel into the company's new headquarters.

Erin MacGrady, Vice President of Corporate Human Resources

Erin MacGrady is responsible for recruiting, interviewing, and hiring new staff, as well as overseeing current staff in both New York and Hawaii. She is a seasoned HR professional with over 30 years of experience, having previously served as the Regional HR Business Partner at Belk Department Stores.

AI Analysis | Feedback

Key Risks to SUNation Energy (SUNE)

The key risks to SUNation Energy Inc. (SUNE) primarily revolve around its precarious financial health, the inherent uncertainties of a planned reverse merger, and the challenging regulatory and market environment for residential solar. The company's ability to navigate these significant hurdles will be crucial for its future operations.

  1. Financial Instability and Going Concern Risk: SUNation Energy faces substantial financial challenges, characterized by persistent losses, negative operating cash flow, and weak working capital. The company's SEC filings explicitly include a "substantial doubt going concern disclosure," indicating significant concerns about its ability to continue operations. Cash and equivalents have significantly evaporated, and the company experiences a massive operating cash burn. This liquidity risk is exacerbated by a weak current ratio, where short-term debts outweigh short-term assets, potentially necessitating further capital raises and increasing the risk of delisting from Nasdaq if its share price does not recover.
  2. Uncertainty and Risks Associated with the Suniva Reverse Merger: A major strategic pivot for SUNation Energy is its planned reverse merger with Suniva, targeted for Q4 2026, which aims to integrate upstream solar manufacturing capabilities. However, this transaction is subject to significant conditions and timing risks, creating substantial uncertainty regarding SUNE's long-term trajectory. There are severe risk drivers to this merger, including a contractual net cash clause that could trigger a termination penalty if the company falls below a specific threshold. Furthermore, concerns exist around potential fiduciary litigation due to massive shareholder dilution, with legacy shareholders projected to retain only a small percentage of the combined entity. The ultimate valuation and success of the merged entity remain highly uncertain until more definitive financial and registration statements are released.
  3. Impact of Regulatory Changes and Residential Solar Market Downturn: SUNation Energy has been significantly impacted by regulatory changes, notably the loss of the Section 25D tax credit under the "One Big Beautiful Bill Act," which led to sharply lower year-over-year revenue and gross profit. This policy shift, along with a broader "reset" in the U.S. residential solar market, has created substantial headwinds for the company's core business. For a smaller entity like SUNation Energy, these regulatory and market challenges bite harder, adding to the pressure on its financial performance and operational stability.

AI Analysis | Feedback

The rapid expansion and adoption of community solar programs and virtual power plants (VPPs) could pose a clear emerging threat. Community solar allows homeowners to subscribe to a share of a large, off-site solar project and receive bill credits, bypassing the need for individual rooftop installations and the associated services provided by SUNation Energy. As these programs become more widespread and economically attractive, they could significantly reduce the addressable market for residential rooftop solar systems. Similarly, the growth of VPPs, which aggregate distributed energy resources into centrally managed systems, could shift the value proposition for homeowners from owning and maintaining individual systems to participating in a larger, managed energy network, potentially favoring business models or larger energy aggregators over traditional residential installers like SUNation Energy.

AI Analysis | Feedback

The addressable markets for SUNation Energy's main products and services in the United States are substantial and projected to grow significantly:

  • Residential Solar Energy Systems: The U.S. residential solar market was valued at approximately USD 15.63 billion in 2026. This market is projected to reach USD 41.38 billion by 2034, demonstrating a compound annual growth rate (CAGR) of 12.94% from 2026 to 2034. Another estimate indicates the U.S. residential solar PV market size was approximately USD 7.90 billion in 2024 and is expected to grow at a CAGR of 14.4% from 2024 to 2030, reaching USD 17.68 billion by 2030.
  • Residential Battery Storage Products: The U.S. residential energy storage market is projected to grow from USD 1.066 billion in 2024 to USD 3.675 billion by 2029, with a robust CAGR of 36.4%. The North American residential battery energy storage market reached USD 2.31 billion in 2025 and is expected to reach USD 3.06 billion in 2026. While the residential sector experienced a record 1.3 GWh installed in Q1 2026, the national residential storage market is expected to contract by 4% in 2026 due to tax credit elimination and consumer hesitancy, but is projected to rebound with an average annual growth rate of 9% between 2027 and 2031.
  • Energy Management Software and Hardware (Home Energy Management Systems - HEMS): The North American Home Energy Management System (HEMS) market, which encompasses energy management software and hardware, is expected to grow from USD 1.51 billion in 2025 to USD 1.72 billion in 2026. It is forecast to reach USD 3.26 billion by 2031, growing at a CAGR of 13.64% from 2026 to 2031. Globally, the smart home energy management systems market was valued at USD 2.13 billion in 2025 and is projected to reach USD 12.65 billion by 2035, expanding at a CAGR of 19.5% during the forecast period 2026-2035. North America accounts for a significant portion of this global market, with the United States being the largest contributor to regional demand.

AI Analysis | Feedback

Expected drivers of future revenue growth for SUNation Energy (SUNE) over the next 2-3 years include:

  1. Sustained Residential Demand for Solar and Battery Storage: The company is expected to benefit from continued strong residential demand for photovoltaic solar energy systems and integrated battery storage solutions across the United States. This demand is significantly bolstered by the clean energy incentives introduced by the 2022 Inflation Reduction Act, which has already supercharged U.S. solar deployments. SUNation Energy's vision is centered on powering the energy transition through the grassroots growth of solar electricity paired with battery storage for homeowners.
  2. Geographic Market Expansion within the U.S.: SUNation Energy plans rapid growth in new locations beyond its current markets in New York and Hawaii. This domestic expansion strategy will allow the company to capture a larger share of the growing U.S. residential solar market.
  3. Increased Adoption of Battery Storage and Energy Management Control Devices: The company's offerings of battery storage products and energy management control devices paired with solar systems are anticipated to be a key growth area. There has been rising storage demand, particularly in markets like Hawaii due to programs such as the BYOD Plus program, demonstrating the potential for this segment.
  4. Strategic Mergers and Acquisitions: SUNation Energy is actively pursuing growth through finding, acquiring, and integrating leading local and regional solar, storage, and energy services companies nationwide. A notable example is the definitive merger agreement with Suniva Inc., which is expected to create a platform for American solar manufacturing and services leadership, potentially expanding SUNation Energy's capabilities and market footprint.

AI Analysis | Feedback

Share Issuance

  • In June 2026, SUNation Energy Inc. completed a securities purchase agreement, selling 2,390,000 shares of common stock to institutional and accredited investors at $1.13 per share, generating $2,700,700 for working capital and general corporate purposes.
  • In April 2026, the company converted approximately $1.2 million of long-term debt into about 677,000 restricted common shares at $1.77 per share to lower leverage and reduce near-term cash obligations.
  • In August 2025, SUNation Energy established a new at-the-market (ATM) equity offering program, allowing the sale of up to $30,000,000 of common stock, replacing a prior $10,000,000 ATM agreement.

Inbound Investments

  • In June 2026, SUNation Energy entered a definitive reverse merger agreement with Suniva, a U.S. solar cell manufacturer. Under the agreement, pre-merger SUNation stockholders are expected to own approximately 1.8% of the combined company, with Suniva stockholders owning 98.2%.
  • The merger agreement with Suniva, updated in September 2026, included a potential conversion of up to $2,608,303 in related party loans at a price of $2.26 per share.

Capital Expenditures

  • For the 12 months leading up to September 2026, SUNation Energy reported capital expenditures of approximately -$42,277, which suggests dispositions of assets or minimal new capital investment.
  • The company's free cash flow for fiscal year 2025 was $906,000, marking an increase of 114.3% from the prior fiscal year.

Better Bets vs. SUNation Energy (SUNE)

Peer Outperformance in Semiconductors

SUNE has trailed 100% of its 54 Semiconductors peers over 5Y. Among the peers that beat it are INTC, LSCC and TXN. Semiconductors ranks 6th of 12 industries in Information Technology by median 5Y return.
Share of Semiconductors constituents that SUNE has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
65%
of 65 industry peers · 35.3% return
3Y
0%
of 58 industry peers · -100.0% return
5Y
0%
of 54 industry peers · -100.0% return
Semiconductors peers with revenue growth within 4pp of SUNE's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
SUNE SUNation Energy -1.3% -2.8x 35.3%-100.0%-100.0% —
INTC Intel 1.9% -46.5x 176.2%190.6%113.6% +214pp
LSCC Lattice Semiconductor -0.7% 457.1x 69.7%61.4%91.4% +191pp
TXN Texas Instruments 1.9% 43.4x 68.6%105.3%77.3% +177pp
SLAB Silicon Laboratories 1.5% -187.8x 71.4%102.3%58.1% +158pp
NXPI NXP Semiconductors 0.2% 192.0x 6.3%22.7%35.5% +136pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Semiconductors is SUNE's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 64.1%175.0%326.7% TTMI 768% · FLEX 726% · SANM 449%
Semiconductor Materials & Equipment 27 78.7%85.9%110.3% AXTI 696% · KLAC 503% · LRCX 482%
Technology Distributors 9 61.9%93.0%102.9% AVT 208% · SNX 186% · CNXN 131%
Communications Equipment 35 6.0%121.7%92.5% AAOI 1258% · LITE 1060% · ANET 752%
Electronic Components 26 24.5%81.4%70.5% CLS 3781% · BELFA 1359% · COHR 419%
Semiconductors ← 55 10.9%49.0%35.5% MU 1370% · NVDA 996% · AVGO 705%
Internet Services & Infrastructure 6 -3.2%43.1%19.3% GDDY 50% · VRSN 46% · DOCN 41%
Technology Hardware, Storage & Peripherals 21 17.7%93.4%17.0% DELL 1107% · SMCI 991% · STX 982%
Electronic Equipment & Instruments 26 -15.4%29.0%-4.9% PI 250% · KEYS 126% · OSIS 105%
IT Consulting & Other Services 28 -24.9%-12.1%-17.2% APLD 570% · ADEA 167% · IBM 107%
Application Software 125 -24.5%-13.9%-46.3% PLTR 765% · FROG 196% · CDNS 118%
Systems Software 69 -15.9%26.1%-50.0% ZETA 322% · CRWD 286% · FTNT 208%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1SUNation Energy Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SUNEQCOMFSLRSLABPOWINVDAMedian
NameSUNation.Qualcomm First So.Silicon .Power In.NVIDIA  
Mkt Price2.12169.29176.75221.0944.77217.88173.02
Mkt Cap0.0178.919.07.32.55,270.513.2
Rev LTM6244,0695,378856449302,9693,117
Op Inc LTM-410,2581,810-4321197,579916
FCF LTM-210,4161,500-579127,006790
FCF 3Y Avg-411,535111-57281,93892
CFO LTM-212,4012,1563398134,3601,127
CFO 3Y Avg-412,9031,214199386,686653

Growth & Margins

SUNEQCOMFSLRSLABPOWINVDAMedian
NameSUNation.Qualcomm First So.Silicon .Power In.NVIDIA  
Rev Chg LTM10.3%1.9%23.8%21.7%1.6%83.4%16.0%
Rev Chg 3Y Avg-1.3%4.8%21.7%1.5%-3.7%116.5%3.2%
Rev Chg Q-37.5%-4.0%-3.7%18.3%2.7%105.9%-0.5%
QoQ Delta Rev Chg LTM-7.4%-0.9%-0.8%4.3%0.7%19.5%-0.0%
Op Inc Chg LTM51.2%-15.9%32.9%61.7%2.4%105.9%42.1%
Op Inc Chg 3Y Avg10.2%-0.6%399.8%-63.4%-22.2%206.3%4.8%
Op Mgn LTM-7.0%23.3%33.6%-5.1%4.8%65.2%14.0%
Op Mgn 3Y Avg-12.0%25.6%33.0%-17.4%4.7%61.7%15.2%
QoQ Delta Op Mgn LTM-1.2%-2.3%1.9%1.7%2.3%1.2%1.4%
CFO/Rev LTM-2.9%28.1%40.1%3.9%21.8%44.3%25.0%
CFO/Rev 3Y Avg-6.0%31.3%26.2%1.4%21.2%47.2%23.7%
FCF/Rev LTM-2.9%23.6%27.9%-0.6%17.6%41.9%20.6%
FCF/Rev 3Y Avg-6.2%28.1%0.1%-1.9%16.5%44.7%8.3%

Valuation

SUNEQCOMFSLRSLABPOWINVDAMedian
NameSUNation.Qualcomm First So.Silicon .Power In.NVIDIA  
Mkt Cap0.0178.919.07.32.55,270.513.2
P/S0.24.13.58.65.617.44.8
P/Op Inc-3.217.410.5-169.4116.726.714.0
P/EBIT-3.015.010.2-234.9116.722.912.6
P/E-2.619.310.9-187.799.627.315.1
P/CFO-7.614.48.8221.825.439.219.9
Total Yield-39.8%7.2%9.1%-0.5%2.9%3.7%3.3%
Dividend Yield0.0%2.1%0.0%0.0%1.9%0.1%0.1%
FCF Yield 3Y Avg-57.4%5.9%1.0%-0.3%1.9%2.0%1.5%
D/E0.60.10.00.00.00.00.0
Net D/E0.40.0-0.1-0.1-0.1-0.0-0.0

Returns

SUNEQCOMFSLRSLABPOWINVDAMedian
NameSUNation.Qualcomm First So.Silicon .Power In.NVIDIA  
1M Rtn-34.6%-6.0%-14.6%0.8%-7.7%3.3%-6.9%
3M Rtn-21.5%-4.4%-21.0%1.3%-36.7%2.6%-12.7%
6M Rtn30.1%28.4%-9.5%4.3%-17.9%9.8%7.1%
12M Rtn30.9%6.8%-21.2%69.0%-3.1%21.3%14.1%
3Y Rtn-100.0%66.0%19.5%102.3%-38.1%380.7%42.8%
1M Excs Rtn-36.6%-12.7%-15.5%-2.4%-10.2%-0.2%-11.4%
3M Excs Rtn-22.2%-3.8%-20.2%-2.4%-39.3%1.6%-12.0%
6M Excs Rtn18.5%17.5%-20.5%-6.8%-29.0%-1.2%-4.0%
12M Excs Rtn6.8%-10.2%-38.9%54.0%-11.7%-1.1%-5.6%
3Y Excs Rtn-182.8%-17.2%-56.1%13.4%-118.3%303.9%-36.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
SUNation NY5040  
Hawaii Energy Connection (HEC)2217  
Corporate and Other00  
Commercial contracts  112
Other  00
Residential contracts  6525
Service revenue  30
Software revenue  0 
Total72578028


Operating Income by Segment
$ Mil20252024
SUNation NY3-1
Hawaii Energy Connection (HEC)1-5
Corporate and Other-6-6
Total-2-12


Assets by Segment
$ Mil20252024
SUNation NY2726
Hawaii Energy Connection (HEC)1818
Corporate and Other31
Total4846


Price Behavior

Price Behavior
Market Price$2.05 
Market Cap ($ Bil)0.0 
First Trading Date03/26/1990 
Distance from 52W High-65.1% 
   50 Days200 Days
DMA Price$2.50$1.93
DMA Trendupup
Distance from DMA-17.9%6.1%
 3M1YR
Volatility202.6%456.0%
Downside Capture-249.61251.77
Upside Capture-265.41241.47
Correlation (S&P 500)-7.5%6.8%
SUNE Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta-5.60-1.550.082.162.381.39
Up Beta-3.990.572.13-9.22-2.61-1.74
Down Beta-4.90-2.79-1.021.893.743.56
Up Capture-363%-64%-4%607%627%-4%
Bmk +ve Days6162766132424
Stock +ve Days919274997283
Down Capture-611%-199%-6%292%162%113%
Bmk -ve Days16263760120328
Stock -ve Days13233772145437

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SUNE
SUNE20.7%456.0%0.89-
Sector ETF (XLK)34.2%26.2%1.0813.3%
Equity (SPY)17.1%12.7%0.966.5%
Gold (GLD)-0.6%29.4%-0.021.4%
Commodities (DBC)49.3%20.7%1.820.8%
Real Estate (VNQ)5.7%13.7%0.15-10.4%
Bitcoin (BTCUSD)-27.9%43.7%-0.6311.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SUNE
SUNE-94.1%268.7%-0.22-
Sector ETF (XLK)21.2%25.9%0.7211.5%
Equity (SPY)13.6%17.1%0.608.5%
Gold (GLD)17.9%18.9%0.761.1%
Commodities (DBC)10.0%19.5%0.394.9%
Real Estate (VNQ)1.2%18.8%-0.051.4%
Bitcoin (BTCUSD)8.5%51.8%0.348.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SUNE
SUNE-73.1%194.8%-0.06-
Sector ETF (XLK)24.4%25.0%0.8810.3%
Equity (SPY)15.4%17.9%0.738.1%
Gold (GLD)12.0%16.4%0.600.7%
Commodities (DBC)8.2%18.1%0.375.0%
Real Estate (VNQ)4.8%20.7%0.193.3%
Bitcoin (BTCUSD)63.5%66.2%1.035.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 9152026-40.8%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest1.7 days
Basic Shares Quantity6.4 Mil
Short % of Basic Shares4.4%

Earnings Returns History

Updated 9/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/2026-3.4%-15.3%22.1%
5/15/2026-25.5%-25.5%73.3%
3/19/202620.2%60.1%-34.3%
8/18/2025-7.6%-3.8%-10.1%
5/16/2025-2.3%-14.2%-6.2%
5/9/2024-17.0%102.7%62.3%
11/13/20231.0%-8.5%-5.2%
8/11/2023-8.1%-19.4%-22.4%
...
SUMMARY STATS   
# Positive444
# Negative777
Median Positive3.2%35.5%42.2%
Median Negative-8.1%-15.3%-10.1%
Max Positive20.2%102.7%73.3%
Max Negative-25.5%-25.5%-34.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/2026-3.4%-15.3%22.1%
5/15/2026-25.5%-25.5%73.3%
3/19/202620.2%60.1%-34.3%
8/18/2025-7.6%-3.8%-10.1%
5/16/2025-2.3%-14.2%-6.2%
5/9/2024-17.0%102.7%62.3%
11/13/20231.0%-8.5%-5.2%
8/11/2023-8.1%-19.4%-22.4%
5/12/2023-15.9%-18.8%-14.7%
2/9/20221.8%10.9%-9.0%
11/5/20204.6%9.8%21.0%
SUMMARY STATS   
# Positive444
# Negative777
Median Positive3.2%35.5%42.2%
Median Negative-8.1%-15.3%-10.1%
Max Positive20.2%102.7%73.3%
Max Negative-25.5%-25.5%-34.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/15/202610-Q
12/31/202503/23/202610-K
09/30/202511/07/202510-Q
06/30/202508/15/202510-Q
03/31/202505/15/202510-Q
12/31/202404/15/202510-K
09/30/202411/14/202410-Q
06/30/202408/19/202410-Q
03/31/202405/10/202410-Q
12/31/202304/01/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/12/202310-Q
12/31/202204/14/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/15/202610-Q
12/31/202503/23/202610-K
09/30/202511/07/202510-Q
06/30/202508/15/202510-Q
03/31/202505/15/202510-Q
12/31/202404/15/202510-K
09/30/202411/14/202410-Q
06/30/202408/19/202410-Q
03/31/202405/10/202410-Q
12/31/202304/01/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/12/202310-Q
12/31/202204/14/202310-K
09/30/202211/14/202210-Q
06/30/202208/22/202210-Q
03/31/202205/23/202210-Q
06/30/202111/12/2021S-4

Insider Activity

Updated 5/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Brennan, James RobertChief Financial OfficerDirectBuy50120261.77123,254218,160218,186Form
2Maskin, ScottChief Executive OfficerDirectBuy50120261.77554,712981,840981,883Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Brennan, James RobertChief Financial OfficerDirectBuy50120261.77123,254218,160218,186Form
2Maskin, ScottChief Executive OfficerDirectBuy50120261.77554,712981,840981,883Form
Core Cache Last Updated: 10/14/2026