SUNation Energy, Inc.
SUNENasdaqIndustrials · Construction - Special Trade Contractors · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $71.9M | $56.9M | $79.6M | $27.5M | $38,162 | $9.2M |
| Operating income | −$1.7M | −$12.3M | −$7.5M | −$10.4M | −$4.9M | −$1.2M |
| Net income | −$10.9M | −$15.8M | −$8.1M | −$10.4M | −$6.2M | $1.5M |
| Total assets | $48.2M | $45.7M | $58.2M | $74.7M | $2.8M | $55.6M |
| Total liabilities | — | — | — | — | — | — |
| Equity | $24.3M | $8.5M | $20.4M | $27.2M | −$8.6M | $47.5M |
| EPS (diluted) | $-4.38 | $-10110.93 | $-611.55 | $-4.04 | $-2.03 | $-0.02 |
| Shares out. | 672.8M | 64.1M | 9.9M | 9.7M | 9.3M | 9.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −2.3%
- Net margin
- −15.1%
- Return on equity
- −44.7%
- Return on assets
- −22.6%
- Return on capital (ROCE)
- −5.1%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $0.04
- Revenue growth (YoY)
- 26.5%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −24.6%clean
- Piotroski F-Score
- 6/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 2 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 14, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2022
- NT 10-Qmissed a reporting deadline ↗May 16, 2022
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Maskin ScottActivist (13D)May 1, 2026
- L1 Capital Global Opportunities Master Fund, Ltd.Passive (13G)May 15, 2025
- Danske Bank A/SActivist (13D)Apr 24, 2025
- Bigger Capital Fund L PPassive (13G)Mar 10, 2025
- Conroy Jeffrey J.Activist (13D)Dec 20, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Brennan James RobertOfficer — Chief Financial Officer | Apr 14, 2026 | Buy | 123,254 | $1.77 |
| Maskin ScottOfficer — Chief Executive Officer | Apr 14, 2026 | Buy | 554,712 | $1.77 |
| Lacey Roger HdDirector | Dec 11, 2024 | Buy | 1,200 | $2.85 |
| Brennan James RobertOfficer — Chief Operating Officer | Dec 11, 2024 | Buy | 2,000 | $2.81 |
| Maskin ScottDirector | Dec 11, 2024 | Buy | 3,500 | $2.81 |
| Conroy Jeffrey J.10% owner | Oct 10, 2024 | Buy | 350,704 | $0.12 |
| Conroy Jeffrey J.10% owner | Oct 9, 2024 | Buy | 333,921 | $0.11 |
| Ingvaldson EricOfficer — CHIEF FINANCIAL OFFICER | Aug 21, 2024 | Sell | 2,663 | $0.87 |
| Holland TomDirector | Jun 14, 2024 | Buy | 3,000 | $1.30 |
| Sampson Randall DDirector | Jun 13, 2024 | Buy | 6,700 | $1.45 |
| Lacey Roger HdDirector | Jun 13, 2024 | Buy | 12,250 | $1.65 |
| Maskin ScottDirector | Jun 13, 2024 | Buy | 15,000 | $1.43 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 208,672 | 1.0 | +1.4% |
| Apr 30, 2026 | 205,720 | 1.0 | +13.9% |
| Apr 15, 2026 | 180,612 | 1.0 | +30.6% |
| Mar 31, 2026 | 138,298 | 1.0 | -51.0% |
| Mar 13, 2026 | 282,136 | 1.0 | -18.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 15, 2026
- Entered a material agreement · New financial obligation · Unregistered equity sale · Regulation FD disclosureApr 15, 2026
- Regulation FD disclosureApr 9, 2026
- Entered a material agreementApr 9, 2026
- Results of operationsMar 19, 2026
- Entered a material agreement · New financial obligation · Regulation FD disclosureFeb 4, 2026
- Shareholder voteDec 19, 2025
- Terminated a material agreementDec 17, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KCURRENT REPORTMay 15, 2026
- 10-QMay 15, 2026
- 4May 1, 2026
- 4May 1, 2026
- SCHEDULE 13D/AMay 1, 2026
- DApr 22, 2026
- 8-KCURRENT REPORTApr 15, 2026
- 424B5PROSPECTUS SUPPLEMENTApr 9, 2026
- 8-KCURRENT REPORTApr 9, 2026
- 8-KCURRENT REPORTApr 9, 2026
- 10-KMar 23, 2026
- 8-KCURRENT REPORTMar 19, 2026
- 8-KCURRENT REPORTFeb 4, 2026
- 8-KCURRENT REPORTDec 19, 2025
- 8-KCURRENT REPORTDec 17, 2025
Event-driven situations (2)
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