SUNation Energy Inc. (NASDAQ:SUNE) Short Interest Update

SUNation Energy Inc. (NASDAQ:SUNE) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 490,679 shares, a growth of 119.9% from the May 31st total of 223,129 shares. Currently, 11.9% of the shares of the company are sold short. Based on an average daily volume of 31,448,188 shares, the short-interest ratio is presently 0.0 days.

SUNation Energy Stock Up 0.8%

Shares of SUNE opened at $2.38 on Thursday. The firm has a market cap of $9.81 million, a P/E ratio of -0.90 and a beta of 2.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 0.72. SUNation Energy has a 52 week low of $0.68 and a 52 week high of $9.45. The firm’s 50-day simple moving average is $1.87 and its 200 day simple moving average is $1.58.

SUNation Energy (NASDAQ:SUNE) last issued its quarterly earnings data on Friday, May 15th. The company reported ($1.20) earnings per share (EPS) for the quarter. SUNation Energy had a negative return on equity of 51.96% and a negative net margin of 17.28%.The company had revenue of $7.19 million for the quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen lowered SUNation Energy from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of SUNation Energy in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Insider Activity

In other news, CFO James Robert Brennan bought 123,254 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were bought at an average cost of $1.77 per share, with a total value of $218,159.58. Following the acquisition, the chief financial officer owned 123,269 shares in the company, valued at $218,186.13. This trade represents a 821,693.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.01% of the company’s stock.

Institutional Trading of SUNation Energy

An institutional investor recently bought a new stake in SUNation Energy stock. Renaissance Technologies LLC acquired a new stake in SUNation Energy Inc. (NASDAQ:SUNE) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 92,515 shares of the company’s stock, valued at approximately $204,000. Renaissance Technologies LLC owned approximately 2.71% of SUNation Energy at the end of the most recent reporting period. Institutional investors and hedge funds own 4.21% of the company’s stock.

SUNation Energy Company Profile

SUNation Energy Group, Inc is a Florida-based solar energy company specializing in the design, engineering, procurement, construction and maintenance of photovoltaic solar systems. Headquartered in Boca Raton, the company focuses on delivering turnkey solar solutions for residential and commercial customers. Its integrated service model spans site assessment, system design, installation, interconnection and ongoing performance monitoring.

The company’s product offering includes rooftop and ground-mounted solar arrays, energy storage systems and electric vehicle charging stations.