SUNation Energy (NASDAQ:SUNE) Stock Price Down 0.9% – Here’s What Happened

SUNation Energy Inc. (NASDAQ:SUNE)’s share price fell 0.9% during trading on Thursday . The stock traded as low as $1.0650 and last traded at $1.10. 38,942 shares traded hands during trading, a decline of 44% from the average session volume of 69,303 shares. The stock had previously closed at $1.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SUNation Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SUNation Energy presently has an average rating of “Sell”.

SUNation Energy Trading Down 0.9%

The stock has a 50 day moving average of $1.36 and a 200 day moving average of $1.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.74. The firm has a market cap of $3.75 million, a P/E ratio of -0.01 and a beta of 3.36.

SUNation Energy (NASDAQ:SUNE) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $18.99 million during the quarter. SUNation Energy had a negative return on equity of 120.96% and a negative net margin of 33.82%.

About SUNation Energy

SUNation Energy Inc is focused on local and regional solar, storage and energy services companies. Its portfolio of brands provides homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage and grid services. SUNation Energy Inc, formerly known as Pineapple Energy, is based in RONKONKOMA, N.Y.