SUNation Energy (NASDAQ:SUNE – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.52) earnings per share (EPS) for the quarter, Zacks reports. SUNation Energy had a negative return on equity of 51.96% and a negative net margin of 17.28%.
SUNation Energy Stock Performance
Shares of SUNation Energy stock traded up $0.08 on Wednesday, reaching $2.66. 75,562 shares of the company were exchanged, compared to its average volume of 4,851,602. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 0.72. The company’s 50-day moving average is $2.52 and its two-hundred day moving average is $1.86. The firm has a market cap of $10.96 million, a price-to-earnings ratio of -1.00 and a beta of 2.15. SUNation Energy has a 1-year low of $0.68 and a 1-year high of $9.45.
Analysts Set New Price Targets
SUNE has been the subject of several recent research reports. Wall Street Zen lowered shares of SUNation Energy from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded shares of SUNation Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SUNation Energy presently has a consensus rating of “Sell”.
About SUNation Energy
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.
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