SUNation Energy Inc. (NASDAQ:SUNE) Sees Significant Decline in Short Interest

Posted by Geri Gentry on Jul 16th, 2026

SUNation Energy Inc. (NASDAQ:SUNE – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 282,944 shares, a drop of 42.3% from the June 15th total of 490,679 shares. Currently, 6.9% of the shares of the stock are short sold. Based on an average trading volume of 571,477 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SUNE. Weiss Ratings upgraded shares of SUNation Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Wall Street Zen downgraded shares of SUNation Energy from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SUNation Energy presently has an average rating of “Sell”.

Check Out Our Latest Report on SUNation Energy

Institutional Investors Weigh In On SUNation Energy

A hedge fund recently bought a new position in SUNation Energy stock. Renaissance Technologies LLC purchased a new position in SUNation Energy Inc. (NASDAQ:SUNE – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 92,515 shares of the company’s stock, valued at approximately $204,000. Renaissance Technologies LLC owned about 2.71% of SUNation Energy as of its most recent SEC filing. 4.21% of the stock is owned by institutional investors and hedge funds.

SUNation Energy Trading Down 3.7%

SUNE traded down $0.10 on Thursday, hitting $2.60. 388,955 shares of the company were exchanged, compared to its average volume of 5,509,994. The firm has a fifty day simple moving average of $2.13 and a two-hundred day simple moving average of $1.68. 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 12 month low of $0.68 and a 12 month high of $9.45. The stock has a market capitalization of $10.72 million, a PE ratio of -0.98 and a beta of 2.15.

SUNation Energy (NASDAQ:SUNE – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported ($1.20) earnings per share for the quarter. The company had revenue of $7.19 million during the quarter. SUNation Energy had a negative net margin of 17.28% and a negative return on equity of 51.96%.

About SUNation Energy

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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.