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Sunation Energy, Inc. (SUNE) stock

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NASDAQ: SUNE Nasdaq Renewable Electricity Next results ~November 10, 2026

C+ Fundamentals grade

Sunation Energy, Inc. is a US-listed company in the renewable electricity industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$3.1

Book value (net assets)

Base case. Range ~$3.1–$3.1. Net assets per share: the value if returns just equal the cost of equity.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Sunation Energy, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 0 selling2 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds6 adding, 8 cuttingOf 1 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Sunation Energy files

Where Sunation Energy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $62m, up 10.3% on a year earlier, slower than the 18.1% growth a quarter earlier. Free-cash-flow margin rose to -2.9% from -11.5% a year earlier. Operating margin widened to -7.9% from -22.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 1 of our 5 financial-health checks. Our book value value is $3.21 a share.

Source: 10-Q filed August 12, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Sunation Energy, Inc.'s trailing-twelve-month revenue grew 10.3% year on year, with a free-cash-flow margin of -2.9%. Where it stands out: stock pay as % of revenue of 0.1% ranks 2 of 9 renewable electricity companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 81% in the quarter to 2024-06-30, the 2nd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 14.4 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 16 November; the share price can move sharply on the day.
  • Growth slowing. The growth rate is 7.8 points lower than a quarter earlier.
  • Loss-making. Operating margin is -7.9%: costs exceed revenue.
  • Burning cash. Free cash flow was -2.9% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 54.8% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 456% and a beta of 2.4 against the S&P 500.

Latest results: FY2026 Q2

Filed August 12, 2026
Earnings per share
-$5076.00 against an average estimate of -$26999.99: beat by 81.2%
Revenue
$8m, down 37.5% on a year earlier
Share reaction
-1.9% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500
Next report
November 10, 2026

Sunation Energy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.4%
  • 1 week+5.5%
  • 1 month-10.3%
  • This year+103.9%
  • 1 year+50.0%
  • 5 years-100.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$61.6M
Operating margin
-7.9%
Net margin
-8.5%

Growth

Revenue growth
+10.3%
Change in growth rate
−7.8 pts

Cash

Free cash flow (TTM)
-$1.8M
FCF margin
-2.9%
Stock pay % of revenue
0.1%

Earnings

Last results
August 12, 2026
Next results (est.)
November 16, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Agreement
  3. Announcement
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Sunation Energy, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Sunation Energy, Inc. as an utility or power producer, with every model that fits that kind of business. Cost of equity 7.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.64 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. — Does not apply: net income is not positive
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: no current dividend figure in the company's tagged filings
Book value (net assets) Net assets per share: the value if returns just equal the cost of equity. ~$3.1 Primary model, counts double
Combined value Weighted average of the models that apply: the primary model (book value (net assets)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$3.1 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Sunation Energy, Inc. with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$2302765.25$1458787.50$1164654.88$693219.75$2150182.50$1604913.75$1440000.00$349500.00$88500.00$526.00$1.03
Market value$2.01tn$1.29tn$1.04tn$631.4bn$2.01tn$1.50tn$1.77tn$942.5bn$235.4bn$1.4bn$3m
+ Net debt (− = net cash)−$10m−$10m−$12m−$11m−$14m−$13m$331034$8m$2m$9m$1m
Enterprise value$2.01tn$1.29tn$1.04tn$631.4bn$2.01tn$1.50tn$1.77tn$942.5bn$235.4bn$1.4bn$4m
Multiples
Price / sales n/mn/mn/mn/mn/mn/mn/mn/mn/m25.1x0.0x
Price / earnings ————n/m——————
Price / free cash flow ——n/m—n/m—————2.8x
EV / EBITDA ————n/m—————4.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

36 /100

Weak moat

How hard Sunation Energy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -2.0% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 33.8%, moving by 5.6 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -9.8%; its worst year was -150.2%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 2 of 10 years, at a median -3.8% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 100.0% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (40 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026.

Analysts' consensus

No analyst estimates are published for Sunation Energy, Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2024 −$26999.99 −$5076.00 +81.2%
Mar 2024 −$29999.98 −$9660.00 +67.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
4.3%
of tradable shares
Days to cover
1.92
at average volume
Short interest, 1 month
−42%
to October 15, 2026
Held by institutions
24%
of shares
Held by insiders
20.0%
of shares
Employees
164
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SUNE−10%−76%−75%−99%−100%+104%
Industry peers (median)+3%−14%−19%−10%+36%−28%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SUNE58%17%8%8%25%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SUNE−61%−92%−77%−100%−100%−67%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 100% from September 23, 2021 to February 3, 2026. Getting back needed a 454738939% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.78 – $5.88
From 52-week high
−64.3%
vs 50-day average
−12.1%
vs 200-day average
+5.1%
Volatility (1 year)
456%
Beta vs S&P 500
2.37

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±15.2%
After a week
4 up, 8 down
typical move ±33.4%
After a month
3 up, 9 down
typical move ±22.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 −1.9% +0.9% −14.0% +24.0%
May 15, 2026 −30.1% −1.3% −30.1% +62.5%
March 19, 2026 +65.3% −1.7% +120.1% −9.7%
August 18, 2025 −12.0% −0.6% −8.4% −14.5%
May 16, 2025 −16.1% +0.7% −26.3% −19.5%
May 9, 2024 −14.3% +0.7% +114.3% +71.4%
March 28, 2024 0.0% −0.2% +16.7% 0.0%
November 13, 2023 −9.5% +1.8% −17.6% −14.9%
August 11, 2023 −9.7% +0.5% −20.1% −23.1%
May 12, 2023 −17.1% +0.2% −17.6% −16.5%
March 31, 2023 +4.2% +1.8% −3.5% −4.9%
February 9, 2022 +2.7% −0.4% +11.9% −8.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Sunation Energy, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Sunation Energy, Inc.
$50M $60M $70M $80M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $77.4M Revenue (TTM), FY23 Q4: $79.6M Revenue (TTM), FY24 Q1: $70.8M Revenue (TTM), FY24 Q2: $64.5M Revenue (TTM), FY24 Q3: $60.9M Revenue (TTM), FY24 Q4: $56.9M Revenue (TTM), FY25 Q1: $56.3M Revenue (TTM), FY25 Q2: $55.8M Revenue (TTM), FY25 Q3: $60.1M Revenue (TTM), FY25 Q4: $71.9M Revenue (TTM), FY26 Q1: $66.5M Revenue (TTM), FY26 Q2: $61.6M $61.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $77.4M
FY23 Q4 $79.6M
FY24 Q1 $70.8M
FY24 Q2 $64.5M
FY24 Q3 $60.9M
FY24 Q4 $56.9M
FY25 Q1 $56.3M
FY25 Q2 $55.8M
FY25 Q3 $60.1M
FY25 Q4 $71.9M
FY26 Q1 $66.5M
FY26 Q2 $61.6M
Revenue growth, TTM YoY Sunation Energy, Inc.
-200% 0% 200% 400% 600% 800% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 647.5% Revenue growth, TTM YoY, FY23 Q4: 189.3% Revenue growth, TTM YoY, FY24 Q1: 43.4% Revenue growth, TTM YoY, FY24 Q2: -0.7% Revenue growth, TTM YoY, FY24 Q3: -21.3% Revenue growth, TTM YoY, FY24 Q4: -28.6% Revenue growth, TTM YoY, FY25 Q1: -20.5% Revenue growth, TTM YoY, FY25 Q2: -13.5% Revenue growth, TTM YoY, FY25 Q3: -1.4% Revenue growth, TTM YoY, FY25 Q4: 26.5% Revenue growth, TTM YoY, FY26 Q1: 18.1% Revenue growth, TTM YoY, FY26 Q2: 10.3% 10.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 647.5%
FY23 Q4 189.3%
FY24 Q1 43.4%
FY24 Q2 -0.7%
FY24 Q3 -21.3%
FY24 Q4 -28.6%
FY25 Q1 -20.5%
FY25 Q2 -13.5%
FY25 Q3 -1.4%
FY25 Q4 26.5%
FY26 Q1 18.1%
FY26 Q2 10.3%
Operating margin (TTM) Sunation Energy, Inc.
-30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -11.2% Operating margin (TTM), FY23 Q4: -9.4% Operating margin (TTM), FY24 Q1: -10.6% Operating margin (TTM), FY24 Q2: -12.6% Operating margin (TTM), FY24 Q3: -13.4% Operating margin (TTM), FY24 Q4: -21.7% Operating margin (TTM), FY25 Q1: -21.9% Operating margin (TTM), FY25 Q2: -22.3% Operating margin (TTM), FY25 Q3: -18.4% Operating margin (TTM), FY25 Q4: -2.3% Operating margin (TTM), FY26 Q1: -5.8% Operating margin (TTM), FY26 Q2: -7.9% -7.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -11.2%
FY23 Q4 -9.4%
FY24 Q1 -10.6%
FY24 Q2 -12.6%
FY24 Q3 -13.4%
FY24 Q4 -21.7%
FY25 Q1 -21.9%
FY25 Q2 -22.3%
FY25 Q3 -18.4%
FY25 Q4 -2.3%
FY26 Q1 -5.8%
FY26 Q2 -7.9%
FCF margin (TTM) Sunation Energy, Inc.
-15% -10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -3.5% FCF margin (TTM), FY23 Q4: -1.7% FCF margin (TTM), FY24 Q1: -5.0% FCF margin (TTM), FY24 Q2: -4.2% FCF margin (TTM), FY24 Q3: -7.1% FCF margin (TTM), FY24 Q4: -11.1% FCF margin (TTM), FY25 Q1: -12.5% FCF margin (TTM), FY25 Q2: -11.5% FCF margin (TTM), FY25 Q3: -5.1% FCF margin (TTM), FY25 Q4: 1.3% FCF margin (TTM), FY26 Q1: -1.2% FCF margin (TTM), FY26 Q2: -2.9% -2.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -3.5%
FY23 Q4 -1.7%
FY24 Q1 -5.0%
FY24 Q2 -4.2%
FY24 Q3 -7.1%
FY24 Q4 -11.1%
FY25 Q1 -12.5%
FY25 Q2 -11.5%
FY25 Q3 -5.1%
FY25 Q4 1.3%
FY26 Q1 -1.2%
FY26 Q2 -2.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 110 120 144 104 131 119 108 99 82 42 51 8 0 28 80 57 72 62
Gross profit 42 51 59 41 45 42 32 27 21 18 22 2 0 7 28 20 28 22
EBITDA 12 17 20 6 3 6 −7 −1 −9 −3 1 −5 −3 −7 −2 −9 1 −2
Operating income 10 16 18 3 1 3 −11 −4 −12 −5 0 −6 −5 −10 −7 −12 −2 −5
Net income 6 10 10 2 −1 2 −10 −8 −12 −7 6 −0 −6 −10 −8 −16 −11 −5
Diluted EPS $7.20 $11.50 $2.88 $0.65 −$0.28 $0.57 −$2.77 −$2.30 −$3.30 −$1.88 $1.73 −$0.05 −$5.08 −$10.10 −$3057.75 −$10110.93 −$4.38 —
Growth (year on year)
Revenue — +9.4% +19.7% −27.5% +26.0% −9.3% −9.6% −7.7% −17.1% −48.5% +20.1% −84.1% −99.5% +>999% +189.3% −28.6% +26.5% +10.3%
EBITDA — +46.6% +12.3% −71.8% −39.6% +72.8% −224.6% — — — — −562.3% — — — — — —
Operating income — +52.8% +12.2% −80.6% −66.0% — −419.0% — — — — — — — — — — —
Net income — +60.8% +0.8% −77.2% −142.8% — — — — — — −102.7% — — — — — —
Diluted EPS — +59.7% −75.0% −77.4% −142.3% — — — — — — −102.9% — — — — — —
Margins
Gross margin 38.1% 42.6% 41.0% 39.8% 34.2% 35.4% 29.3% 26.8% 25.3% 41.6% 43.6% 28.7% 100.0% 26.8% 34.8% 35.9% 38.3% 35.7%
EBITDA margin 10.9% 14.6% 13.6% 5.3% 2.5% 4.9% −6.7% −0.8% −10.4% −8.2% 2.0% −59.6% <−999% −26.2% −2.9% −16.1% 1.2% −3.8%
Operating margin 9.3% 13.0% 12.2% 3.3% 0.9% 2.8% −9.8% −4.5% −14.3% −11.2% 0.0% −69.6% <−999% −38.0% −9.4% −21.7% −2.3% −7.9%
Net margin 5.5% 8.1% 6.8% 2.1% −0.7% 1.6% −9.0% −8.2% −14.4% −16.0% 12.7% −2.1% <−999% −37.6% −10.2% −27.9% −15.1% −8.5%
Free-cash-flow margin 13.1% 6.6% 7.9% −2.3% −1.5% 5.5% −1.4% −1.1% 3.5% −12.8% 19.3% −60.1% <−999% −28.0% −1.7% −11.1% 1.3% −2.9%
Cash flow
Cash from operations 18 10 14 0 1 12 1 1 4 −5 10 −5 −1 −8 −1 −6 1 −2
Capital spending 3 2 3 3 3 6 2 2 1 1 0 0 0 0 1 0 0 0
Free cash flow 14 8 11 −2 −2 7 −2 −1 3 −5 10 −5 −1 −8 −1 −6 1 −2
Stock-based pay 0 0 0 0 −0 1 1 1 0 0 0 0 0 0 1 0 0 0
Free cash flow after stock pay 14 8 11 −3 −2 6 −2 −2 2 −6 9 −5 −1 −8 −3 −6 1 −2
Balance sheet
Cash 21 17 23 18 20 14 10 10 12 11 14 13 0 2 4 1 7 3
Total debt 0 2 2 2 1 1 — 0 0 0 0 0 0 10 5 9 8 6
Net debt (negative = net cash) −21 −14 −21 −16 −19 −13 −10 −10 −12 −11 −14 −13 0 8 2 9 1 3
Diluted shares — — — — — — — — — — — — 1m 3m 3m 3m 2m —
Returned to shareholders
Dividends 4 5 5 7 4 6 6 5 1 1 1 1 34 — — — — —
Buybacks 0 — — 1 — — — — — — 1 0 5 — 0 0 — —
Total returned 4 5 5 7 4 6 6 5 1 1 2 1 39 — 0 0 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · June 30, 2026
What it owns · $41m
Short-term assets $11mLonger-term assets $30m
What it owes, and who funded it · $34m
Short-term liabilities $14mShareholders' equity $21m
  • Short-term assets cover short-term liabilities $11m of assets due within a year against $14m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $3m of cash against $4m of debt.
  • Debt below 40% of shareholders' equity Debt is 19% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$2m of operating cash flow against $4m of debt.
  • Operating profit covers interest at least five times over Operating income of −$5m against $600,389 of interest.

From Sunation Energy, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Sales & admin spending
39.1%
of revenue
Days sales outstanding
19 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in renewable electricity
Last 12 months unless stated SUNE ELLO SPRU MNTK HTOO ENLT Median
Revenue, last 12 months $62m $48m $109m $189m $16m $489m $149m
Revenue growth, last 12 months 10.3% 10.6% 10.0% 4.3% 838.5% 29.3% 10.5%
Revenue growth, 3-year average −1.8% — 24.4% 2.1% — — 7.8%
Revenue growth, latest quarter −37.5% — −8.7% 19.7% — — 15.1%
Gross margin 35.7% 16.2% 48.3% 29.5% 29.0% 72.5% 29.5%
Operating margin −7.9% 43.1% 22.4% 0.6% −60.9% 68.0% 12.0%
Operating margin, 3-year average −14.3% 25.2% −21.5% 7.2% — — 7.2%
Net margin −8.5% −5.0% −6.8% 4.2% −39.7% 27.0% −0.4%
Cash from operations / revenue −2.9% 5.7% 1.9% 23.0% −57.1% 57.8% 14.3%
Free-cash-flow margin −2.9% −222.7% 1.8% −44.1% −57.1% −313.1% −33.2%
Free-cash-flow margin, 3-year average −6.2% −134.5% −26.4% −22.9% — — −22.9%
Stock pay / revenue 0.1% 0.0% 3.3% 1.0% 10.8% 2.1% 1.8%
Change in share count 54.8% 3.0% 6.5% 0.5% 153.0% 7.5% 6.5%

Median of all 10 companies we cover in renewable electricity. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

10 renewable electricity companies
Measure Company Peer median Rank
Revenue growth Growth 10.3% 10.6% 6 of 10
Change in growth rate Growth -7.8pp +4.3pp 8 of 10
Gross margin Profitability 35.7% 29.0% 3 of 7
Operating margin Profitability -7.9% 13.4% 8 of 10
Net margin Profitability -8.5% 4.2% 8 of 10
Free-cash-flow margin Cash generation -2.9% -22.3% 4 of 10
Stock pay as % of revenue Cash generation 0.1% 1.8% 2 of 9
Long-term debt as % of assets Balance sheet 9.7% 25.6% 3 of 9
Days sales outstanding Balance sheet 19 days 64 days 2 of 6

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Sunation NY $49.6M 69.0% ▲ 24.8%
Hawaii Energy Connection $22.3M 31.0% ▲ 30.2%

From Sunation Energy, Inc.'s 10-K filed March 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.5M
Institutions reporting
14
Shares held vs prior quarter
▲ 167.5%
Positions opened / closed
1 / 5

Top buyers and sellers, Q2 2026: 6 institutions bought and 8 sold ; the biggest buyer was Awm Investment Company, Inc (+820K shares) and the biggest seller HRT Financial LP (−132K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Awm Investment Company, Inc. $1.6M 820K 64.6% New
Jane Street Group, LLC $503,147 213K 20.4% ▲ 618.0%
Vanguard Capital Management LLC $102,610 43K 4.2% 0.0%
Gsa Capital Partners LLP $89,000 38K 3.6% ▲ 50.2%
Geode Capital Management, LLC $77,882 33K 3.2% ▼ 30.4%
Vanguard Fiduciary Trust Co $46,756 20K 1.9% 0.0%
Morgan Stanley $35,402 15K 1.4% ▲ 1500000.0%
UBS Group AG $12,145 5K 0.5% ▼ 83.5%
Caitong International Asset Management Co., Ltd $4,241 2K 0.2% ▲ 724.3%
Tower Research Capital LLC (TRC) $3,665 2K 0.1% ▼ 35.7%
Sbi Securities Co., Ltd. $201 0K 0.0% ▲ 88.9%
Allworth Financial LP $118 0K 0.0% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Sunation Energy, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $1.2M 2 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $1.2M net buying
Insider Date Trade Shares Price Value
Maskin Scott Chief Executive Officer April 14, 2026 Buy 554,712 $1.77 $981,840
Brennan James Robert Chief Financial Officer April 14, 2026 Buy 123,254 $1.77 $218,160

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 16, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 15, 2026
  • March 19, 2026
  • August 18, 2025
  • May 16, 2025
  • May 9, 2024

Recent SEC filings

Data status

When each part of this page on Sunation Energy, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Sunation Energy, Inc. in brief

What does Sunation Energy, Inc. do?
Sunation Energy, Inc. is a US-listed company in the renewable electricity industry. Its financial year ends in December.
What is Sunation Energy, Inc.'s stock ticker?
Sunation Energy, Inc. trades under the ticker SUNE on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Sunation Energy, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Sunation Energy, Inc. reported revenue of $61.6M, 10.3% higher than a year earlier, according to its SEC filings.
What is Sunation Energy, Inc.'s free cash flow?
Sunation Energy, Inc.'s free-cash-flow margin is -2.9% of revenue over the trailing twelve months, ranking 4 of the 10 renewable electricity companies we cover.
Who are Sunation Energy, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Awm Investment Company, Inc., Jane Street Group, LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Sunation Energy, Inc.'s market cap?
On December 31, 2025, Sunation Energy, Inc.'s market capitalisation was about $2.6M and net debt of $1.2M. Market figures come from third-party market data and may be delayed.
How much debt does Sunation Energy, Inc. have?
Sunation Energy, Inc.'s debt-to-equity ratio is 19.3%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Sunation Energy, Inc.'s competitors?
In our Renewable Electricity peer group, the companies closest to Sunation Energy, Inc. are Ellomay Capital Ltd., Spruce Power Holding Corp, Montauk Renewables, Inc., Fusion Fuel Green PLC and Enlight Renewable Energy Ltd. The side-by-side comparison below sets their revenue, margins and growth against Sunation Energy, Inc.'s.
Are insiders buying or selling Sunation Energy, Inc. stock?
Over the last 12 months, Sunation Energy, Inc.'s directors and officers reported 2 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Sunation Energy, Inc.'s next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Sunation Energy, Inc. announces its own schedule.