Friday 6 November 2026
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SUNation Energy Inc.
SUNE Technology Solar
SUNation Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $71.9 million, up 26.5% from fiscal 2024.
- Revenue
- −37.5%
- EPS
- +83.4%
- Free cash flow
- −692.8%
- Total debt
- −29.9%
Quarter to June 2026, against a year earlier
2.03
0.03
+1.50%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 99 | 82 | 42 | 51 | 8 | 0 | 28 | 80 | 57 | 72 | 62 | (3.5%) | — | — | — | — | |
| Gross margin, % | 26.75 | 25.31 | 41.59 | 43.58 | 28.68 | 100.00 | 26.81 | 34.78 | 35.92 | 38.31 | 35.73 | +11.6 pt | ||||||
| EBT | (8) | (12) | (5) | 0 | (5) | (6) | (3) | (7) | (16) | (11) | (5) | +3.6% | ||||||
| EBT margin, % | (7.91) | (14.41) | (10.68) | 0.46 | (58.08) | (16,323.56) | (11.87) | (8.57) | (27.81) | (15.08) | (8.40) | (7.2) pt | ||||||
| Net income | (8) | (12) | (7) | 6 | 0 | (6) | (10) | (8) | (16) | (11) | (5) | +3.3% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 11.25 | 9.21 | 697,720.22 | 823,523.70 | 129,999.31 | 1,863.41 | 612,377.90 | 1,190,208.72 | 21,059.93 | 28.89 | 9.62 | +11.0% | |||||
| Earnings | (0.92) | (1.32) | (112,500.00) | 105,000.00 | (2,762.62) | (304,500.00) | (606,000.00) | (121,545.31) | (10,116.00) | (4.38) | (1.09) | +19.0% | ||||||
| Cash flow | 0.14 | 0.41 | (77,771.67) | 165,511.34 | (75,356.67) | (39,560.98) | (168,595.78) | (9,972.13) | (2,334.33) | 0.38 | (0.28) | +12.1% | ||||||
| Capex | (0.15) | (0.06) | (11,318.20) | (6,875.34) | 4,230.01 | 23,414.63 | 137,529.76 | (9,792.77) | (9.89) | (0.02) | (0.01) | (20.2%) | ||||||
| Free cash flow | (0.01) | 0.35 | (89,089.87) | 158,636.00 | (71,126.66) | (16,146.34) | (31,066.02) | (19,764.90) | (2,344.22) | 0.36 | (0.28) | n/m | ||||||
| Book value | 6.98 | 5.50 | 685,927.75 | 766,678.37 | 764,181.16 | (421,312.20) | 605,707.23 | 305,453.13 | 3,165.70 | 9.78 | 3.21 | +3.8% | ||||||
| Shares, m | 9 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 | (13.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 8.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.9 | |||||
| P/S | 250,679.16 | 236,590.74 | 261,858.52 | 674,278.26 | 3,163,976.68 | 208,925.08 | 83,761.72 | 0.08 | 0.08 | 0.04 | 0.20 | 488,007.0 | ||||||
| P/B | 404,098.41 | 396,105.10 | 266,361.02 | 724,272.59 | 538,242.50 | 0.00 | 84,771.69 | 0.32 | 0.52 | 0.11 | 0.61 | 241,385.2 | ||||||
| EV/Sales | 250,679.02 | 236,590.56 | 261,858.33 | 674,277.80 | 3,163,974.81 | 208,925.49 | 83,761.92 | 0.20 | 0.35 | 0.03 | 0.24 | 488,006.9 | ||||||
| EV/FCF | (259,975,604.96) | 6,290,127.31 | (2,050,786.35) | 3,500,364.09 | (5,782,846.41) | (13,377,669.62) | (1,651,133.27) | (12.27) | (3.15) | 2.19 | (7.98) | (27,304,756.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 1 | 4 | (5) | 10 | (5) | (1) | (8) | (1) | (6) | 1 | (2) | (2.6%) | |||||
| Capex | (1) | (1) | (1) | 0 | 0 | 0 | 6 | (1) | 0 | 0 | 0 | (30.7%) | ||||||
| Free cash flow | 0 | 3 | (5) | 10 | (4) | 0 | (1) | (1) | (6) | 1 | (2) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 44 | 37 | 31 | 38 | 28 | (3) | 0 | (7) | (16) | 1 | (3) | (33.9%) | |||||
| Net debt | (16) | (18) | (11) | (24) | (15) | 9 | 6 | 10 | 15 | (1) | 2 | (30.9%) | ||||||
| Shareholders’ equity | 62 | 49 | 42 | 47 | 47 | (9) | 27 | 20 | 9 | 24 | 21 | (9.8%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (10.07) | (18.01) | (12.19) | 11.50 | (0.30) | (21.37) | (70.24) | (12.24) | (52.82) | (23.19) | (12.27) | (13.1) pt | |||||
| ROIC | (6.14) | (23.59) | (9.70) | 0.02 | (10.90) | (46,752.88) | (19.93) | (15.44) | (32.05) | (4.40) | (13.55) | +1.7 pt | ||||||
| ROE | (12.13) | (21.35) | (14.96) | 14.53 | (0.36) | (32.09) | (293.32) | (34.17) | (189.51) | (66.23) | (24.48) | (54.1) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 398 | 294 | 241 | 203 | 150 | 39 | 255 | 201 | 189 | 164 | — | (9.4%) | |||||
| Revenue/emp, $m | 0.25 | 0.28 | 0.18 | 0.25 | 0.05 | 0.00 | 0.11 | 0.40 | 0.30 | 0.44 | — | +6.5% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
SUNation Energy Inc. vs peers in Solar (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PN PN Smart Energy Limited | $35.1M | — | — | — | — | — | — | — | Compare |
| SPRU Spruce Power Holding Corporation | $24.5M | — (loss-making) | — (loss-making) | −8.75% (below 0%: shrinking) | n/m | −43.41% (below 0%: shrinking) | 67.84% | 32.21% | Compare |
| FTCI FTC Solar, Inc. | $23.4M | — (loss-making) | — (loss-making) | +26.06% (above 0%: growing) | n/m | +136.87% (above 0%: growing) | 5.79% | (26.03%) | Compare |
| SMXT Solarmax Technology, Inc. | $18.0M | — (loss-making) | — | +48.82% (above 0%: growing) | n/m | −539.19% (below 0%: shrinking) | 23.56% | (43.53%) | Compare |
| BEEM Beam Global | $16.2M | — (loss-making) | — (loss-making) | +21.02% (above 0%: growing) | n/m | −141.34% (below 0%: shrinking) | 17.83% | (34.99%) | Compare |
| ASTI Ascent Solar Technologies Inc. | $14.5M | — (loss-making) | — (loss-making) | +460.00% (above 0%: growing) | n/m | +1.36% (above 0%: growing) | (68.91%) | (2,043.59%) | Compare |
| ZEO Zeo Energy Corp. | $14.2M | — (loss-making) | — | −10.68% (below 0%: shrinking) | n/m | +75.65% (above 0%: growing) | 47.15% | (18.49%) | Compare |
| SUNE SUNation Energy Inc. | $13.0M | — (loss-making) | — (loss-making) | −37.52% (below 0%: shrinking) | n/m | −692.81% (below 0%: shrinking) | 26.09% | (39.00%) | |
| MAXNQ Maxeon Solar Technologies, Ltd. | $12.9M | — (loss-making) | — (loss-making) | −78.66% (below 0%: shrinking) | n/m | −4.20% (below 0%: shrinking) | (97.63%) | (228.07%) | Compare |
| Median of peers | $17.1M | — | — | +21.02% | — | −4.20% | 17.83% | (34.99%) |
Pay and ownership Proxy statement filed 24 November 2025
Ownership
Directors and executive officers, together
less than 1%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement