企業概要
SUNation Energy Inc. is engaged in the design, installation, and maintenance of photovoltaic solar energy systems as well as battery storage systems throughout the United States. The company operates within the Technology sector, specifically focusing on the Solar industry, which positions it as a key participant in the renewable energy transition and infrastructure development. Currently, the entity employs 164 individuals to support its operational footprint and brand portfolio, which includes SUNation, SUNation Energy, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power. With a market capitalization of $6.47M and annual revenue of $71.91M, the company represents a small-cap enterprise with a relatively modest scale compared to major utility-scale solar developers. These valuation metrics indicate that the market currently assigns a limited valuation multiple to the company's revenue base, reflecting its status as a niche player rather than an established industry giant.
財務健全性
The company reported revenue of $71.91M over the trailing twelve months, yet it recorded a net income loss of $-10,892,833, highlighting a significant gap between top-line generation and bottom-line profitability that points to high operating costs or significant one-time expenses. Additionally, the EBITDA stood at $-819,922, indicating that even before interest and taxes, the core operations generated negative cash earnings. The free cash flow was $-1,608,198, which suggests that the company is burning cash and lacks the immediate financial flexibility to fund expansion without external capital injections. Profitability analysis reveals a gross margin of 38.3%, suggesting effective cost control on the cost of goods sold, while an operating margin of 10.7% indicates that overhead expenses are consuming a notable portion of revenue. However, the profit margin stands at -15.1%, confirming that the company is operating at a loss on a per-revenue basis. In terms of liquidity and leverage, the company holds $7.18M in cash against $10.05M in total debt, resulting in a debt-to-equity ratio of 41.28% which implies a leveraged balance sheet structure. The current ratio of 1.07 suggests that current assets barely cover current liabilities, indicating tight short-term liquidity conditions with minimal buffer against unexpected cash outflows. Furthermore, the return on equity is -66.2% and the return on assets is -2.2%, metrics that reveal that management is currently destroying shareholder value and utilizing assets inefficiently to generate positive returns.
バリュエーション評価
Valuation multiples for the company are unavailable in traditional earnings terms, as the trailing P/E ratio is N/A and the forward P/E is also N/A, a status that typically implies the market cannot value the stock based on current or expected earnings due to consistent losses. Since no positive earnings exist to calculate a premium, the price-to-book ratio of 0.27 indicates that the company trades at a discount relative to its net asset value, suggesting the market prices the stock well below the theoretical liquidation value of its assets. Alternative valuation metrics such as the price-to-sales ratio of 0.09 and an EV/EBITDA of -11.39 provide a clearer picture, showing that the market values the company at a fraction of its sales and assigns a negative multiple to its earnings before interest, taxes, depreciation, and amortization. Price action metrics show a 52-week high of $10.00 and a 52-week low of $0.68, placing the current valuation range within a highly volatile corridor. The stock has experienced significant fluctuation, moving from a low of $0.68 to a high of $10.00, demonstrating extreme sensitivity to market sentiment. The beta value of 3.79 indicates that the stock price is highly volatile and moves with significantly greater amplitude than the broader market index, exposing investors to substantial systematic risk.
Growth & Income
Revenue growth is robust at 77.0% year-over-year, signaling aggressive top-line expansion, whereas earnings growth is N/A due to the absence of net income, meaning there are no earnings to compound or grow at this time. As the company does not pay dividends, the dividend yield is N/A and the payout ratio is 0.0%, indicating that the firm retains all available cash to fund operations or future growth initiatives rather than distributing income to shareholders. The current lack of profitability necessitates a reinvestment strategy where all earnings are theoretically available for growth, though the negative net income currently constrains internal funding capabilities. Overall, the company presents a profile of high revenue expansion paired with significant cash burn and lack of income generation, typical of early-stage growth companies attempting to scale infrastructure assets.