SUNation Energy

SUNE

Engineering & Construction · Industrials

Price

$2.51

-0.09 (-3.46%)

Market Cap

$8.4M

Exchange

NASDAQ Global Market

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+15428534.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 16.126 (2021) → 2.5M (2025)

SUNation Energy Inc. is a residential solar energy company based in New York. It designs, installs, and services rooftop solar panel systems, battery storage units, and EV charging equipment for homeowners, primarily on Long Island. The company is one of the larger regional solar installers in the Northeast United States.

SUNation earns revenue by selling and installing solar systems directly to homeowners, either through outright purchases or financing arrangements. It operates almost entirely in New York, making it a geographically concentrated business rather than a national player. Its local brand recognition and established customer base in a high-electricity-cost market give it some regional advantage, but the company currently operates at a loss, with negative operating and return-on-capital margins. The main risk is that rising interest rates make solar financing more expensive for customers, which can slow demand and pressure the company's already thin profitability.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-43.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+98.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Runway

~1 months

$2M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

SUNation Energy has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

14.3%

Thin — 14.3% gross margin

Operating Margin

-60.2%

Losing money on operations — -60.2%

ROCE

-16.5%

Weak — -16.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+18.1%

Fast-growing sales (18.1% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-1.3%

Burning cash (-1.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.29

Conservative — low debt load (0.29)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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