SUNation Energy
Installs solar, battery storage, roofing and grid services across New York and Hawaii.
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Profile
Installs residential and commercial solar systems, battery storage, roofing and lifecycle services through SUNation NY and Hawaii Energy Connection. The vertically integrated model keeps sales, design, installation and service in-house, while revenue remains centered on residential projects financed largely with third-party loans.
Operates two regional solar-and-storage businesses: SUNation NY on Long Island and Hawaii Energy Connection in Hawaii. Residential rooftop systems form the core offering, complemented by battery storage, backup power, commercial installations and integrated roofing.
Controls sales, design, installation and service in-house. Regional teams also maintain its own systems and eligible systems left behind by former installers; Hawaii uses E-Gear technology to aggregate customer batteries for utility grid services.
Earns most revenue from residential solar and battery projects, where homeowners commonly use third-party loans and lenders pay as installation milestones are completed. Commercial projects are recognized as work progresses.
Operations remain concentrated in New York and Hawaii, with project activation dependent on utility interconnection, local incentives, permits, tariffs and financing availability.
Company facts
Key statistics
Year to date +103% · Average volume (30d) 144.3K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | — | −$0.52 | — | — | $8.2M | — | +1.55% |
| May 15, 2026Q1 FY26 | — | −$1.20 | — | — | $7.2M | — | −25.45% |
| Mar 18, 2026Q4 FY25 | −$36,000.00 | $1.81 | +100.0% | $23.2M | $27.2M | +17.3% | +37.50% |
| Nov 7, 2025Q3 FY25 | — | −$0.12 | — | — | $19.0M | — | +17.32% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.6M | $13.1M | $19.0M | $27.2M | $7.2M | $8.2M | |
| Gross profit | $4.4M | $4.8M | $7.2M | $11.1M | $1.0M | $2.1M | |
| Operating income | −$2.2M | −$2.2M | −$245.7K | $2.9M | −$4.3M | −$3.2M | |
| Net income | −$3.5M | −$9.6M | −$393.0K | $2.6M | −$4.1M | −$3.3M | |
| Diluted EPS | −$106.71 | −$3.14 | −$0.12 | $0.76 | −$1.20 | −$0.52 | |
| Gross margin | 35.1% | 37.0% | 38.0% | 40.7% | 14.3% | 26.1% | |
| Operating margin | -17.2% | -16.6% | -1.3% | 10.7% | -60.2% | -39.0% |
Fiscal years (4-quarter sums)FY21 $38.2K · FY22 $23.9M · FY23 $79.6M · FY24 $56.9M · FY25 $71.9M
Balance sheet, Jun 30, 2026Cash & short-term investments $3.1M · Total debt $8.2M · Total assets $40.9M · Shareholders' equity $20.5M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Oct 18, 2021 | Sep 30 | $3.50 | special dividend | |
| Sep 29, 2021 | $0.0012 |
Ownership
Shares outstanding 3.33M · Float —
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| AWM Investment Company, Inc. | 820.0K | 19.90% | 13G | Jul 8, 2026 |
| Scott Maskin · director, 10 percent owner, officer: Chief Executive Officer | 554.7K | 16.65% | Form 4 | May 1, 2026 |
| Jane Street Group, LLC | 211.1K | 5.10% | 13G | Jul 2, 2026 |
| James Robert Brennan · officer: Chief Financial Officer | 123.3K | 3.70% | Form 4 | May 1, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 14, 2026 | Scott Maskin | director, 10 percent owner, officer: Chief Executive Officer | +554,712 | $1.77 |
| Apr 14, 2026 | James Robert Brennan | officer: Chief Financial Officer | +123,254 | $1.77 |
Peers
- Sunrun
Largest direct rival in residential solar, batteries, and grid services.
- Tesla
Integrated solar, Powerwall storage, and VPPs target both core markets.
- SunPower
National solar-services installer with expanded residential sales reach.
- Public Service Enterprise Group
Long Island grid operator and utility-service alternative for solar buyers.
- Hawaiian Electric Industries
Hawaii's dominant grid-power provider and rooftop-solar alternative.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SUNation Energy | $2.19 | 0.00% | $7.2M | — | — | 0.1 | −37.5% |
| Sunrun | $8.80 | +0.27% | $2.09B | 5.9 | 13.7 | 0.6 | +52.8% |
| Tesla | $348.19 | −0.16% | $1.38T | 322.9 | 174.6 | 13.3 | +25.5% |
| SunPower | $0.3033 | +4.01% | $49.7M | — | — | 0.2 | −17.1% |
| Public Service Enterprise Group | $73.19 | −0.01% | $36.47B | 18.2 | 16.3 | 2.9 | −9.0% |
| Hawaiian Electric Industries | $11.42 | +0.04% | $1.97B | 8.8 | 7.9 | 0.6 | +25.9% |
| Median | 13.5 | 15.0 | 0.6 | +25.5% |