SUNation Energy (SUNE)
Market Price (12/4/2025): $1.3 | Market Cap: $4.0 MilSector: Information Technology | Industry: Semiconductors
SUNation Energy (SUNE)
Market Price (12/4/2025): $1.3Market Cap: $4.0 MilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, and Sustainable & Green Buildings. Themes include Solar Energy Generation, Show more. | Weak multi-year price returns2Y Excs Rtn is -151%, 3Y Excs Rtn is -173% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -16% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 155% | ||
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg QQuarterly Revenue Change % is -3.6% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -485% | ||
| High stock price volatilityVol 12M is 222% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, and Sustainable & Green Buildings. Themes include Solar Energy Generation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -151%, 3Y Excs Rtn is -173% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -16% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 155% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg QQuarterly Revenue Change % is -3.6% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -485% |
| High stock price volatilityVol 12M is 222% |
Valuation, Metrics & Events
SUNE Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Expiration of Federal Tax Credits and Policy Uncertainty: The upcoming expiration of federal tax credits, specifically Section 25D ITC on December 31, 2025, created a risk and ongoing uncertainty for SUNation Energy and the broader solar industry. This prompted an accelerated pace of system installations, suggesting a potential slowdown in demand post-expiration. The company's management cited this risk, and analysts focused on the impact of these expiring credits.
2. Industry-Wide Volatility and Regulatory Headwinds: The solar sector experienced persistent industry-wide volatility and political headwinds during this period. Management highlighted exposure to regulatory changes and active engagement with Washington to preserve tax credit provisions, indicating an uncertain regulatory environment impacting investor confidence.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SUNE Return | -25% | 27% | -76% | -75% | -99% | -100% | -100% |
| Peers Return | 46% | 17% | -5% | 13% | -4% | 5% | 85% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| SUNE Win Rate | 33% | 58% | 17% | 8% | 8% | 30% | |
| Peers Win Rate | 52% | 42% | 32% | 42% | 35% | 47% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| SUNE Max Drawdown | -39% | -4% | -92% | -75% | -99% | -100% | |
| Peers Max Drawdown | -27% | -12% | -30% | -12% | -16% | -26% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: QCOM, FSLR, SLAB, POWI, AMBQ.
[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] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | SUNE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -97.1% | -25.4% |
| % Gain to Breakeven | 3371.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -44.5% | -33.9% |
| % Gain to Breakeven | 80.3% | 51.3% |
| Time to Breakeven | 118 days | 148 days |
| 2018 Correction | ||
| % Loss | -60.8% | -19.8% |
| % Gain to Breakeven | 155.2% | 24.7% |
| Time to Breakeven | 304 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -39.1% | -56.8% |
| % Gain to Breakeven | 64.1% | 131.3% |
| Time to Breakeven | 270 days | 1480 days |
Compare to QCOM, FSLR, SLAB, POWI, AMBQ
In The Past
SUNation Energy's stock fell -97.1% during the 2022 Inflation Shock from a high on 10/18/2021. A -97.1% loss requires a 3371.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to SUNE. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | ENPH | Enphase Energy | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 1.9% | 1.9% | -0.9% |
| 11262025 | PD | PagerDuty | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 3.7% | 3.7% | 0.0% |
| 11212025 | CRM | Salesforce | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.1% | 5.1% | -0.1% |
| 11212025 | HUBS | HubSpot | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 5.5% | 5.5% | 0.0% |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 8.0% | 8.0% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | ENPH | Enphase Energy | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 1.9% | 1.9% | -0.9% |
| 11262025 | PD | PagerDuty | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 3.7% | 3.7% | 0.0% |
| 11212025 | CRM | Salesforce | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.1% | 5.1% | -0.1% |
| 11212025 | HUBS | HubSpot | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 5.5% | 5.5% | 0.0% |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 8.0% | 8.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for SUNation Energy
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 86.94 |
| Mkt Cap | 4.5 |
| Rev LTM | 594 |
| Op Inc LTM | -2 |
| FCF LTM | 34 |
| FCF 3Y Avg | -1 |
| CFO LTM | 99 |
| CFO 3Y Avg | 85 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.7% |
| Rev Chg 3Y Avg | 1.2% |
| Rev Chg Q | 8.6% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | -5.9% |
| Op Mgn 3Y Avg | 5.4% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 10.0% |
| CFO/Rev 3Y Avg | 19.4% |
| FCF/Rev LTM | -0.8% |
| FCF/Rev 3Y Avg | 0.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.5 |
| P/S | 5.0 |
| P/EBIT | 13.5 |
| P/E | 18.8 |
| P/CFO | 22.4 |
| Total Yield | 2.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -0.1% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.6% |
| 3M Rtn | -1.9% |
| 6M Rtn | 9.9% |
| 12M Rtn | 9.5% |
| 3Y Rtn | -2.8% |
| 1M Excs Rtn | -4.6% |
| 3M Excs Rtn | -10.3% |
| 6M Excs Rtn | -4.9% |
| 12M Excs Rtn | -1.2% |
| 3Y Excs Rtn | -72.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8152025 | 10-Q 6/30/2025 |
| 3312025 | 5152025 | 10-Q 3/31/2025 |
| 12312024 | 4152025 | 10-K 12/31/2024 |
| 9302024 | 11142024 | 10-Q 9/30/2024 |
| 6302024 | 8192024 | 10-Q 6/30/2024 |
| 3312024 | 5102024 | 10-Q 3/31/2024 |
| 12312023 | 4012024 | 10-K 12/31/2023 |
| 9302023 | 11132023 | 10-Q 9/30/2023 |
| 6302023 | 8142023 | 10-Q 6/30/2023 |
| 3312023 | 5122023 | 10-Q 3/31/2023 |
| 12312022 | 4142023 | 10-K 12/31/2022 |
| 9302022 | 11142022 | 10-Q 9/30/2022 |
| 6302022 | 8222022 | 10-Q 6/30/2022 |
| 3312022 | 5232022 | 10-Q 3/31/2022 |
| 6302021 | 11122021 | S-4 6/30/2021 |
External Quote Links
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |