Insider Buying: SUNation Energy (NASDAQ:SUNE) CFO Purchases 123,254 Shares of Stock

SUNation Energy Inc. (NASDAQ:SUNE) CFO James Robert Brennan bought 123,254 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was bought at an average cost of $1.77 per share, with a total value of $218,159.58. Following the transaction, the chief financial officer directly owned 123,269 shares in the company, valued at approximately $218,186.13. The trade was a 821,693.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

SUNation Energy Stock Up 21.0%

Shares of SUNE traded up $0.27 during midday trading on Friday, hitting $1.53. The company had a trading volume of 982,694 shares, compared to its average volume of 3,025,341. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 0.18. SUNation Energy Inc. has a 52 week low of $0.68 and a 52 week high of $3.46. The company’s 50 day moving average price is $1.62 and its 200 day moving average price is $1.40. The stock has a market cap of $5.20 million, a price-to-earnings ratio of -0.02 and a beta of 2.79.

SUNation Energy (NASDAQ:SUNE) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $1.81 earnings per share for the quarter. SUNation Energy had a negative net margin of 15.15% and a negative return on equity of 52.50%. The business had revenue of $27.21 million during the quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SUNE shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SUNation Energy in a research report on Tuesday, April 21st. Wall Street Zen raised shares of SUNation Energy to a “buy” rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average 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.