SUNation Energy (NASDAQ:SUNE) Posts Earnings Results

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

SUNation Energy Price Performance

SUNE stock traded down $0.02 during trading on Friday, reaching $1.27. 61,621 shares of the company were exchanged, compared to its average volume of 307,831. 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 current ratio of 0.86 and a quick ratio of 0.67. The company has a 50-day moving average of $1.46 and a two-hundred day moving average of $1.64. SUNation Energy has a twelve month low of $1.24 and a twelve month high of $741.98.

Analyst Upgrades and Downgrades

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

SUNation Energy Company Profile

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.