SUNation Energy (NASDAQ:SUNE) Rating Increased to Buy at Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SUNation Energy in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

SUNation Energy Price Performance

SUNE stock opened at $2.37 on Friday. The firm has a market cap of $8.08 million, a price-to-earnings ratio of -0.02 and a beta of 3.28. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 0.18. SUNation Energy has a 12-month low of $0.68 and a 12-month high of $108.60. The company’s fifty day simple moving average is $1.49 and its 200 day simple moving average is $1.38.

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

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.