SUNation Energy (NASDAQ:SUNE – Get Free Report) issued its quarterly earnings data 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 Stock Performance
Shares of NASDAQ:SUNE traded up $0.08 on Wednesday, hitting $2.66. The company’s stock had a trading volume of 75,562 shares, compared to its average volume of 4,851,602. The company has a market capitalization of $10.96 million, a price-to-earnings ratio of -1.00 and a beta of 2.15. 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’s 50-day moving average is $2.52 and its two-hundred day moving average is $1.86.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Wall Street Zen cut shares of SUNation Energy from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings cut SUNation Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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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