The stock may react positively to the strong earnings beat and balance sheet improvement. Watch for commentary on 2026 guidance during the earnings call, as management cited industry headwinds from the expiration of tax credits.
Price Chart
Executive Summary
SUNation Energy reported strong Q4 and full-year 2025 results, with revenue up 77% YoY in Q4 to $27.2 million and full-year revenue up 26% to $71.9 million, exceeding guidance. The company achieved positive net income of $2.6 million in Q4 versus a $6.8 million loss YoY, and significantly improved its balance sheet with $7.2 million in liquidity and a 57% reduction in total debt.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $27.2 million, up 77% YoY
- Full-year 2025 revenue: $71.9 million, up 26% YoY, exceeding $65M-$70M guidance
- Q4 2025 net income: $2.6 million vs. $6.8 million net loss in Q4 2024
- Full-year 2025 Adjusted EBITDA: $2.5 million vs. $4.9 million loss in 2024
- Year-end 2025 liquidity: $7.2 million, up from $1.2 million in 2024
- Total debt reduced by 57% to $8.1 million at year-end 2025
Financial Impact
Revenue increased by $15 million year-over-year to $71.9 million, with Adjusted EBITDA improving by $7.4 million from a loss of $4.9 million to a gain of $2.5 million
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| SUNation NY | $49.6M | +25.0% |
| Hawaii Energy Connection | $22.3M | +30.0% |
Risk Factors
- Management did not provide 2026 guidance due to regulatory changes and potential downside from the expiration of the residential tax credit
- Q4 results may have been inflated by customer pull-forward demand ahead of the Section 25D tax credit expiration
- Market cap of $5M suggests high risk and potential volatility despite strong fundamentals
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-031360 |
| Document: ea0282523-8k_sunation.htm | 0001213900-26-031360 |
| Document: 0001213900-26-031360-index-headers.html | 0001213900-26-031360 |
| Document: 0001213900-26-031360-index.html | 0001213900-26-031360 |
| Document: 0001213900-26-031360.txt | 0001213900-26-031360 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 8-K | $2.05 $1.94 | ▼ −5.37% | ▼ −5.46% | $2.02 (−1.46%) |
Aug 12, 2026 10w ago | Press Release | $2.62 $2.22 | ▲ +15.27% | ▲ +14.82% | $2.02 (+22.90%) |
Jun 8, 2026 20w ago | 425 | $5.88 $2.54 | ▼ −56.80% | ▼ −58.91% | $2.02 (−65.65%) |
Jun 8, 2026 20w ago | 8-K | $5.88 $2.54 | ▼ −56.80% | ▼ −58.91% | $2.02 (−65.65%) |
Jun 8, 2026 20w ago | Press Release | $5.88 $2.54 | ▼ −56.80% | ▼ −58.91% | $2.02 (−65.65%) |
Jun 8, 2026 20w ago | 8-K | $5.88 $2.54 | ▲ +56.80% | ▲ +58.91% | $2.02 (+65.65%) |
May 15, 2026 23w ago | Press Release | $1.23 $1.22 | ▲ +0.81% | ▲ +2.43% | $2.02 (−64.23%) |
Apr 17, 2026 27w ago | Press Release | $1.44 $1.24 | ▼ −13.89% | ▼ −14.44% | $2.02 (+40.28%) |
Apr 15, 2026 27w ago | 8-K | $1.63 $1.32 | ▲ +19.02% | ▲ +20.66% | $2.02 (−23.93%) |
Apr 14, 2026 28w ago | Insider Cluster | $1.59 $1.27 | ▼ −20.13% | ▼ −21.52% | $2.02 (+27.04%) |
US Market Status
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