SUNation Energy Inc
SUNE
SUNation Energy Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 17.4M is 80% of equity (21.7M) - tangible book value is NEGATIVE (-6.3M), creating material impairment risk.[Goodwill]
- Burning 3.1M FCF TTM with only 5.4M cash remaining - under 2 years runway without capital raise.[Free Cash Flow TTM]
- Revenue grew 48% 3Y CAGR but operating loss of -7.4M TTM (-12% margin) shows no path to profitability yet.[Operating Income TTM]
Watch Triggers
- Cash and Equivalents: Falls below 3M — Would signal imminent dilutive capital raise or liquidity crisis within 6 months.
- Operating Margin TTM: Improves to positive — Would indicate path to self-funding; currently -12% vs industry median +2%.
- Goodwill: Any impairment charge — 17.4M goodwill impairment would eliminate remaining equity cushion.
Bull Case
Revenue 3Y CAGR of 48% significantly outpaces industry median (0.8%), showing strong demand capture in solar installation market.
Gross margin 37% TTM near industry median (43%) with asset turnover 1.2x (2x industry median 0.6x) shows operational efficiency.
Bear Case
Negative tangible book (-6.3M) with 80% goodwill/equity ratio means any impairment could wipe out equity entirely.
ROE -117%, ROIC -62% TTM destroying capital rapidly - losses accelerating faster than revenue growth.
Bull vs Bear Balance
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Forward Thesis
Capital raise likely within 12 months given cash burn rate and negative working capital.
- 5.4M cash vs 3.1M annual FCF burn
- Working capital -1.9M constrains operations
- 10.4M total debt with 1.7M interest expense
Valuation Context
Caveats
Public Strategies Rankings
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SUNE Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$3.12M | — | ||
$8.13M | — | ||
0.00 | — | ||
$60.07M | -1.4% | — | |
$-5,734.18 | — | ||
-12.4% | +2.0% | — | |
-33.8% | -16.3% | — | |
$-3.08M | — | ||
-1.2 | -55.4% | — | |
Beta 5Y (Monthly) | unknown | — |
SUNE Dividend History
SUNE Stock Splits
SUNE SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/07/25 | 09/30/25 | 10-Q | |
08/15/25 | 06/30/25 | 10-Q | |
05/15/25 | 03/31/25 | 10-Q | |
04/15/25 | 12/31/24 | 10-K | |
11/14/24 | 09/30/24 | 10-Q | |
08/19/24 | 06/30/24 | 10-Q | |
05/10/24 | 03/31/24 | 10-Q | |
04/01/24 | 12/31/23 | 10-K | |
11/13/23 | 09/30/23 | 10-Q | |
08/14/23 | 06/30/23 | 10-Q | |
05/12/23 | 03/31/23 | 10-Q | |
04/14/23 | 12/31/22 | 10-K | |
11/14/22 | 09/30/22 | 10-Q | |
08/22/22 | 06/30/22 | 10-Q | |
05/23/22 | 03/31/22 | 10-Q | |
04/14/23 | 12/31/21 | 10-K | |
11/14/22 | 09/30/21 | 10-Q | |
11/12/21 | 06/30/21 | S-4 | |
05/23/22 | 03/31/21 | 10-Q |