SUNE Research | Milton Maxwell

SUNE

SUNation Energy Inc.

1.1400

-0.0600-5%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

3.88M

P/E (TTM)

Basic EPS (TTM)

-5736.51

Dividend Yield

Recent Filings

10-K

FY2025 results

3/23/26Mar 23, 2026

SUNation Energy posted FY2025 revenue of $71.9M, up 26% y/y, fueled by 31% residential growth across NY and Hawaii segments ahead of federal tax credit expiration. Q4 accelerated with SUNation NY's 25% y/y sales surge to $49.6M and gross margins expanding to 40.7% on favorable mix, while HEC added 30% to $22.3M with battery incentives kicking in. Operating loss narrowed to $1.7M from $12.3M, but warrant remeasurements drove net loss to $10.9M. Cash swelled to $7.2M post-$20M raise, extinguishing most debt. Nasdaq delisting risk looms.

8-K

Beats 2025 guidance decisively

3/19/26Mar 19, 2026

SUNation Energy crushed 2025 guidance with FY revenue up 26% to $71.9M, gross margin at 38.3%, and Adjusted EBITDA of $2.5M versus a $4.9M loss prior year. Q4 exploded 77% to $27.2M, flipping to $2.6M net income. Balance sheet toughened: cash $7.2M, debt down 57%. Tax credit sunset drove demand, yet 2026 outlook hazy amid policy shifts.

8-K

Settles $1.1M legacy debt

2/4/26Feb 4, 2026

SUNation Energy settled its $1.1 million legacy promissory note with a $800,000 lump-sum payment on January 30, 2026, slashing principal by $335,000 and monthly outflows from $25,000 to $5,000. Funded via a related-party revolver at 8%, this clears a 2031 maturity. Cash flow jumps $20,000 monthly. Debt simplified, flexibility rises.

8-K

Annual meeting elects director

12/19/25Dec 19, 2025

SUNation Energy stockholders elected Roger H.D. Lacey as Class I director on December 18, 2025, with 410,823 for and 2,826 withheld from 41.78% turnout. They ratified CBIZ CPAs P.C. as auditors for 2025 (1.36M for). Plan amendments failed badly (84K for vs 356K against). Stockholders retain tight control.

8-K

CVR agreement terminated

12/17/25Dec 17, 2025

SUNation Energy terminated its Contingent Value Rights Agreement effective December 16, 2025, after paying $276,000.48 to CVR holders from legacy CSI assets. This clears obligations from the 2022 Pineapple merger. CVR liability stood at $288,948 as of September 30, 2025. Legacy ties severed.

About

SUNation Energy Inc. engages in the design, installation, and maintenance of photovoltaic solar energy systems and battery storage systems in the United States. Its brand portfolio includes SUNation, SUNation Energy, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power. The company also develops and offers energy management software and hardware, such as energy management control devices on solar systems that are paired with batteries. It also serves residential homeowners, as well as commercial owners, other municipal customers, energy services companies, and other utilities. Additionally, the company offers energy and grid services. SUNation Energy Inc. was founded in 1969 and is headquartered in Ronkonkoma, New York.

CEO

Mr. Scott Maskin

IPO

11/18/1981

Website

https://www.sunation.com/corporate

Employees

189

Sector

Technology

Industry

Solar