SUNation Energy (NASDAQ:SUNE) Posts Earnings Results

SUNation Energy (NASDAQ:SUNE) announced its earnings results on Friday. The company reported ($0.12) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $18.99 million during the quarter. SUNation Energy had a negative return on equity of 158.58% and a negative net margin of 41.62%.

SUNation Energy Price Performance

Shares of NASDAQ SUNE opened at $1.27 on Friday. The company has a 50 day simple moving average of $1.46 and a two-hundred day simple moving average of $1.64. SUNation Energy has a fifty-two week low of $1.24 and a fifty-two week high of $741.98. The company has a market capitalization of $4.33 million, a price-to-earnings ratio of 0.00 and a beta of 3.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.67 and a current ratio of 0.86.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SUNation Energy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About SUNation Energy

SUNation Energy Inc is focused on local and regional solar, storage and energy services companies. Its portfolio of brands provides homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage and grid services. SUNation Energy Inc, formerly known as Pineapple Energy, is based in RONKONKOMA, N.Y.