SUNation Energy (NASDAQ:SUNE – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.52) earnings per share for the quarter, Zacks reports. SUNation Energy had a negative net margin of 17.28% and a negative return on equity of 51.96%.
SUNation Energy Price Performance
Shares of NASDAQ SUNE traded up $0.08 during midday trading on Wednesday, reaching $2.66. The company’s stock had a trading volume of 79,496 shares, compared to its average volume of 4,851,642. 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 fifty-two week low of $0.68 and a fifty-two week high of $9.45. The business’s 50 day moving average price is $2.52 and its two-hundred day moving average price is $1.86. The company has a market cap of $10.96 million, a P/E ratio of -1.00 and a beta of 2.15.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on SUNE shares. Wall Street Zen downgraded SUNation Energy from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings downgraded SUNation Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
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.
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