SUNation Energy (NASDAQ:SUNE) Stock Price Down 0.9% – What’s Next?

SUNation Energy Inc. (NASDAQ:SUNE) fell 0.9% during trading on Thursday . The stock traded as low as $1.0650 and last traded at $1.10. 38,942 shares changed hands during trading, a decline of 44% from the average session volume of 69,303 shares. The stock had previously closed at $1.11.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SUNation Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

SUNation Energy Stock Up 1.8%

The company has a market cap of $3.82 million, a PE ratio of -0.01 and a beta of 3.36. The firm has a 50-day simple moving average of $1.35 and a two-hundred day simple moving average of $1.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.74.

SUNation Energy (NASDAQ:SUNE) last released its earnings results on Friday, November 7th. The company reported ($0.12) earnings per share for the quarter. SUNation Energy had a negative return on equity of 120.96% and a negative net margin of 33.82%.The business had revenue of $18.99 million for the quarter.

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.