A plain-English look at SUNation Energy's revenue, losses, and market value based on its most recent public filings and market data.
A Long Island Solar Story
SUNation Energy, Inc. is a residential solar installer based in Ronkonkoma, New York. The company trades on Nasdaq under the ticker SUNE and went public in March 2022.
What SUNation Actually Does
SUNation designs, engineers, permits, and builds solar energy systems for homeowners, then handles the grid connection, warranty work, and ongoing maintenance. It also sells battery storage in select markets and works with a limited number of enterprise customers. The bulk of its business runs through its SUNation NY segment, with a smaller HEC segment alongside it.
A Contractor at Its Core
The company is classified in the Contractors industry, which fits its hands-on, project-by-project business model: crews on rooftops, permits filed with local municipalities, and long-term service relationships with the households it installs for.
Revenue on a Residential Scale
In fiscal year 2025, SUNation reported revenue of $71.9 million. For a company installing solar systems one household at a time, that figure reflects a meaningful base of completed projects and ongoing service work, even as the business remains small relative to national energy companies.
Red Ink in the Ledger
That revenue did not translate into profit. SUNation posted a net loss of $10.9 million for the year, a net margin of -15.1%. In plain terms, for every dollar of revenue the company brought in, it spent more than a dollar covering its costs and expenses.
Where the Margin Gap Shows Up
The company's gross margin was 38.3%, meaning it retained roughly 38 cents of every revenue dollar after covering direct project costs like materials and labor. The gap between that gross margin and the negative net margin points to significant costs elsewhere in the business — overhead, interest, or other expenses — that eroded profitability further down the income statement.
A Sharp Long-Term Revenue Drop
Looking further back, SUNation's revenue has fallen 96% between fiscal year 2013 and fiscal year 2025. That is a steep long-term decline in the top-line business measured over more than a decade.
Market Value Well Below Assets
SUNation's market capitalization stands at $4.7 million. Its total assets, by comparison, are listed at $48.2 million. The market values the company at a small fraction of the assets it reports holding, a gap that reflects how investors are currently pricing the business relative to its balance sheet.
Share Price and 52-Week Swing
Shares recently traded at $2.90, delayed by fifteen minutes from real-time markets. That price sits 51% below the stock's 52-week high, indicating substantial movement in how the shares have been valued over the past year.
Small Company, Small Workforce
SUNation employs approximately 164 people. That headcount is consistent with a regional residential solar contractor rather than a large national operator, and it lines up with the company's revenue scale and its concentrated New York service area.
The Bottom Line
SUNation Energy is a Ronkonkoma-based residential solar contractor generating tens of millions in annual revenue while currently operating at a net loss, with a market value that trades well below its reported total assets. This article is factual reporting drawn from public filings and market data, not investment advice.
