SUNation Energy (NASDAQ:SUNE) Raised to “Buy” at Wall Street Zen

SUNation Energy (NASDAQ:SUNE) was upgraded by analysts at Wall Street Zen to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SUNation Energy in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

SUNation Energy Stock Down 25.2%

NASDAQ:SUNE opened at $2.37 on Friday. SUNation Energy has a one year low of $0.68 and a one year high of $108.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.07 and a quick ratio of 0.74. The company has a market cap of $8.08 million, a PE ratio of -0.02 and a beta of 3.28. The firm’s 50 day simple moving average is $1.49 and its 200 day simple moving average is $1.38.

SUNation Energy (NASDAQ:SUNE) last announced its quarterly earnings results on Wednesday, March 18th. The company reported $1.81 earnings per share (EPS) for the quarter. The firm had revenue of $27.21 million during the quarter. SUNation Energy had a negative net margin of 15.15% and a negative return on equity of 52.50%.

SUNation Energy Company Profile

SUNation Energy Group, Inc is a Florida-based solar energy company specializing in the design, engineering, procurement, construction and maintenance of photovoltaic solar systems. Headquartered in Boca Raton, the company focuses on delivering turnkey solar solutions for residential and commercial customers. Its integrated service model spans site assessment, system design, installation, interconnection and ongoing performance monitoring.

The company’s product offering includes rooftop and ground-mounted solar arrays, energy storage systems and electric vehicle charging stations.