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SUNE · NASDAQ · Engineering & Construction

SUNation Energy (SUNE)

Installs solar, battery storage, roofing and grid services across New York and Hawaii.

$2.38
vs last close+0.04 (+1.71%)
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SUNation Energy Inc.SUNE
Industrials

Installs residential and commercial solar systems, battery storage, roofing and lifecycle services through SUNation NY and Hawaii Energy Connection. The vertically integrated model keeps sales, design, installation and service in-house, while revenue remains centered on residential projects financed largely with third-party loans.

Operates two regional solar-and-storage businesses: SUNation NY on Long Island and Hawaii Energy Connection in Hawaii. Residential rooftop systems form the core offering, complemented by battery storage, backup power, commercial installations and integrated roofing.

Controls sales, design, installation and service in-house. Regional teams also maintain its own systems and eligible systems left behind by former installers; Hawaii uses E-Gear technology to aggregate customer batteries for utility grid services.

Earns most revenue from residential solar and battery projects, where homeowners commonly use third-party loans and lenders pay as installation milestones are completed. Commercial projects are recognized as work progresses.

Operations remain concentrated in New York and Hawaii, with project activation dependent on utility interconnection, local incentives, permits, tariffs and financing availability.

Company facts

CEOScott Maskin
ListedMar 29, 2022
ExchangeNASDAQ
HeadquartersRonkonkoma, NY
CountryUnited States
Employees164
CIK0000022701
ISINUS72303P5035

Market cap$7.8M
EPS (ttm)−$1.08
P/E (ttm)−2.17
ROE-24.0%
P/B0.3800
P/S0.1267
Dividend yieldDiv yield
Beta2.57vs XLI −1.75

No analyst consensus on record.

Next report
Nov 10, 26
in 49 days
EPS estimate
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Apr '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$7.30−$1.07−$3.14−$0.12$1.81−$1.20−$0.52Pending
Estimate−$360.00−$270.00−$21,000.00−$36,000.00
Surprise+98.0%+99.6%+100.0%+100.0%

RevenueReportedEstimate

Apr '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$15.4M$12.6M$13.1M$19.0M$27.2M$7.2M$8.2MPending
Estimate$23.2M$20.9M$24.7M$23.2M
Surprise−33.7%−39.5%−47.1%−18.1%
Estimate
ReportedDue Nov 10, 2026
Estimate
ReportedDue Nov 10, 2026
View details

Debt to equity40.10%
Current ratio76.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$14.7M$15.4M$12.6M$13.1M$19.0M$27.2M$7.2M$8.2M
Net income−$3.3M−$6.8M−$3.5M−$9.6M−$393.0K$2.6M−$4.1M−$3.3M
Net margin0.0%0.0%0.0%0.0%0.0%9.6%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.6M−$6.5M−$2.2M−$2.2M−$245.7K$2.9M−$4.3M−$3.2M
YoY growthLoss widenedLoss widenedLoss narrowedLoss widenedLoss narrowedTurned profitLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $3.1M · Total debt $8.2M · Total assets $40.9M · Shareholders' equity $20.5M

Revenue
$8.2M
Operating income
−$3.2M
Net income
−$3.3M
View details

Dividend yield
Next ex-date
Annual dividend
Schedule

HistoryDividend

Sep '21
Dividend$3.50
Ex-dateSep 29
Payment date
View details

Insiders20.49%682.9K shares
5 holders · as of May 1, 2026
Strategic holders31.07%1.04M shares
4 holders · as of Jul 8, 2026
Other48.44%1.61M shares
remainder

3.33M company shares as of Sep 20, 2026 · holders as of their latest filing

Two share counts disagree (6.51M in the company's Sep 22, 2026 report, 3.33M elsewhere); stakes use the report.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
AWM Investment Company, Inc.Strategic10 percent owner
24.60%820,000filed Jul 8, 2026
Pinnacle Family Office Investments, L.P.Institution
18.75%625,000filed Aug 28, 2026
Scott MaskinInsiderdirector, 10 percent owner, officer: Chief Executive Officer
16.65%554,736filed May 1, 2026
Ayrton Capital LLCInstitution
10.86%361,881filed Aug 13, 2026
Jane Street Group, LLCStrategic
6.33%211,110filed Jul 2, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Apr 14, 2026Scott Maskindirector, 10 percent owner, officer: Chief Executive Officer+554,712$1.77
Apr 14, 2026James Robert Brennanofficer: Chief Financial Officer+123,254$1.77
View details

  • Sunrun

    Largest direct rival in residential solar, batteries, and grid services.

  • Tesla

    Integrated solar, Powerwall storage, and VPPs target both core markets.

  • SunPower

    National solar-services installer with expanded residential sales reach.

  • Public Service Enterprise Group

    Long Island grid operator and utility-service alternative for solar buyers.

  • Hawaiian Electric Industries

    Hawaii's dominant grid-power provider and rooftop-solar alternative.

Compare

CompanyPriceChange
SUNation Energy$2.38+1.71%$7.8M0.1−37.5%
Sunrun$8.77−0.23%$2.10B5.913.70.6+52.8%
Tesla$378.30+0.80%$1.48T347.5183.514.3+25.5%
SunPower$0.3202+2.40%$53.0M0.2−20.1%
Public Service Enterprise Group$69.43+0.17%$34.54B17.215.52.8−9.0%
Hawaiian Electric Industries$9.65+0.84%$1.65B7.46.70.5+25.9%
Median12.314.60.6+25.5%