SUNation Energy Inc. (NASDAQ:SUNE) Sees Large Increase in Short Interest

SUNation Energy Inc. (NASDAQ:SUNE) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 477,461 shares, a growth of 267.0% from the August 31st total of 130,112 shares. Approximately 7.3% of the company’s stock are short sold. Based on an average trading volume of 15,558,053 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut SUNation Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

SUNation Energy Stock Down 2.0%

SUNE traded down $0.05 on Friday, reaching $2.40. The company’s stock had a trading volume of 96,546 shares, compared to its average volume of 7,950,451. The stock has a market cap of $15.63 million, a price-to-earnings ratio of -79.97 and a beta of 2.17. SUNation Energy has a 1 year low of $0.68 and a 1 year high of $9.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.57. The business’s 50 day moving average is $2.51 and its 200 day moving average is $2.14.

SUNation Energy (NASDAQ:SUNE) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.52) earnings per share for the quarter. SUNation Energy had a negative net margin of 8.48% and a negative return on equity of 24.03%. The business had revenue of $8.16 million for the quarter.

Institutional Trading of SUNation Energy

An institutional investor recently bought a new stake in SUNation Energy stock. AWM Investment Company Inc. purchased a new stake in SUNation Energy Inc. (NASDAQ:SUNE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 820,000 shares of the company’s stock, valued at approximately $1,595,000. AWM Investment Company Inc. owned approximately 19.90% of SUNation Energy at the end of the most recent reporting period. 4.21% of the stock is currently owned by hedge funds and other institutional investors.

SUNation Energy Company Profile

SUNation Energy Group, Inc is a renewable energy company that provides solar power and related energy services. Through its SUNation operating business, the company designs and installs photovoltaic solar systems for residential, commercial and other customers.

Its offerings also include battery energy storage, electric vehicle charging equipment, roofing and electrical services, and related system support. These solutions are intended to help customers generate and manage electricity on-site while increasing energy resilience and reducing reliance on conventional power sources.

SUNation traces its roots to 2003 and is based in Ronkonkoma, New York.