SUNation Energy (NASDAQ:SUNE) CFO Purchases $218,159.58 in Stock

SUNation Energy Inc. (NASDAQ:SUNE) CFO James Robert Brennan purchased 123,254 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was bought at an average price of $1.77 per share, for a total transaction of $218,159.58. Following the acquisition, the chief financial officer owned 123,269 shares in the company, valued at $218,186.13. The trade was a 821,693.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

SUNation Energy Stock Up 21.0%

Shares of NASDAQ:SUNE traded up $0.27 during midday trading on Friday, hitting $1.53. 982,694 shares of the company’s stock traded hands, compared to its average volume of 3,025,341. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.07. The company has a market cap of $5.20 million, a PE ratio of -0.02 and a beta of 2.79. The firm’s fifty day moving average price is $1.62 and its two-hundred day moving average price is $1.40. SUNation Energy Inc. has a twelve month low of $0.68 and a twelve month high of $3.46.

SUNation Energy (NASDAQ:SUNE) last issued its quarterly earnings data 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 firm had revenue of $27.21 million for the quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SUNE. Weiss Ratings reiterated a “sell (e+)” rating on shares of SUNation Energy in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of SUNation Energy to a “buy” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About SUNation Energy

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.