SUNation Energy Inc. (NASDAQ:SUNE) Short Interest Update

SUNation Energy Inc. (NASDAQ:SUNE) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 169,682 shares, a decline of 50.3% from the July 30th total of 341,209 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 146,487 shares, the short-interest ratio is presently 1.2 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on SUNE. Weiss Ratings downgraded shares of SUNation Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of SUNation Energy from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SUNation Energy currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On SUNation Energy

A hedge fund recently bought a new stake in SUNation Energy stock. AWM Investment Company Inc. acquired a new stake in SUNation Energy Inc. (NASDAQ:SUNE) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 820,000 shares of the company’s stock, valued at approximately $1,595,000. AWM Investment Company Inc. owned 19.90% of SUNation Energy as of its most recent filing with the SEC. Institutional investors and hedge funds own 4.21% of the company’s stock.

SUNation Energy Stock Performance

Shares of NASDAQ:SUNE traded down $0.04 during mid-day trading on Friday, reaching $2.16. The company had a trading volume of 49,819 shares, compared to its average volume of 117,348. SUNation Energy has a one year low of $0.68 and a one year high of $9.45. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $2.45 and its 200-day moving average price is $1.98. The firm has a market cap of $14.06 million, a price-to-earnings ratio of -71.98 and a beta of 2.15.

SUNation Energy (NASDAQ:SUNE) last announced 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 firm had revenue of $8.16 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.