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%
Market cap
$13.0M
P/E
0.0×
Fwd P/E
0.0×
Dividend yield
—
F-score
7/9
Altman Z
−0.09
Beneish M
−3.57
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 1.20
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — 2 — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 8.76%

Capital & Financial Ratios $m

Size
Market Cap 13.03
Revenue ttm 61.56
Net income ttm (5.22)
Free cash flow ttm (1.81)
Net debt Q 1.87
Valuation
P/E 0.00
Forward P/E (0.01) (negative: loss-making)
Price / sales 0.20
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.61
Financial health
Current ratio Q 0.77 (below 1: weak)
Debt / equity Q 0.24 (at or below 0.5: strong)
Interest coverage Q (20.09)
Growth
Revenue growth Q −37.52% (below 0%: shrinking)
Operating income growth Q −47.14% (below 0%: shrinking)
EPS, this year −10.14% (below 0%: weak)
EPS, next year A +69.09% (at or above 15%: strong)
Revenue, next year A +10.13% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 25.34%
10-year low 10-year high
P/B against its own 10 years 22.53%
10-year low 10-year high
EV/Sales against its own 10 years 18.08%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–22
−100.0%/yr
  1. 1.60 ’16
  2. 0.64 ’17 −60
  3. 0.56 ’18 −12
  4. 0.32 ’19 −43
  5. 0.16 ’20 −50
  6. 0.00 ’21 −100
  7. 0.00 ’22
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 5 1 7 3
Receivables 5 5 4 3
Inventory 4 3 3 3
Other 0 1 1 1
16 11 16 11
2023 2024 2025 Q'26
Payables 8 8 7 5
ST’ Debt 5 10 2 2
Other 8 6 4 3
22 27 15 14

Compound Annual Growth %

10y 5y 3y
Sales (3.96%) 54.84% 37.73%
Cash Flow 1.29% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (10.30%) (12.51%) (3.66%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (1.20) (0.52) — — —
’25 (106.71) (3.14) (0.12) 0.75 (4.38)
’24 (38.41k) (11.10k) (2.35k) (807.27) (10.12k)
’23 (38.98k) (23.99k) (35.27k) (24.40k) (121.55k)
’22 (86.96k) 22.49k (50.97k) (125.94k) (606.00k)
’21 (0.35) (0.74) (0.45) (0.49) (304.50k)
’20 95.95k (125.94k) 17.99k 0.00 (2.76k)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 7 8 — — —
’25 13 13 19 27 72
’24 13 14 15 15 57
’23 22 20 18 19 80
’22 0 4 6 17 28
’21 10 11 0 0 0
’20 9 10 3 (14) 8
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (5) (1) — — —
’25 (3) 0 2 2 1
’24 (3) (1) (1) (2) (6)
’23 0 (2) 1 0 (1)
’22 (5) (2) 1 (1) (8)
’21 0 0 0 0 (1)
’20 0 (2) (3) 1 (5)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (5) (1) — — —
’25 (3) 0 2 2 1
’24 (3) (1) (1) (2) (6)
’23 0 (2) 1 0 (1)
’22 (5) 4 1 (1) (1)
’21 0 0 0 0 0
’20 1 (2) (3) 1 (4)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

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%)

All 24 Solar stocks →

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

SUNation Energy Inc. (SUNE) Latest News

11 Feb

Impact 3 · · Associated Press Finance

7 Nov

Impact 4 · · Associated Press FinanceAssociated Press FinanceMT NewswiresAssociated Press FinanceMT NewswiresAssociated Press FinanceAssociated Press FinanceAssociated Press Finance

15 Aug

Impact 4 · · Associated Press Finance

16 Jun

Impact 3 · · GlobeNewswire
stockrow.com/SUNE · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com