SUNE on Nasdaq
SUNation Energy, Inc.
American semiconductors and related devices company based in Ronkonkoma1
In its 2026 annual report the company says: “SUNation Energy is a Delaware corporation originally organized in 1969 that operates directly and through its subsidiaries located in the United States. The Company is a domestic operator and consolidator of residential solar, battery storage, and grid services solutions.”4 Its shares trade on Nasdaq under the symbol SUNE.1
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Last updated Oct 21, 2026.
Overview
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- TickerSUNE on Nasdaq1
- IndustrySemiconductors & Related Devices1
- HeadquartersRonkonkoma, New York1
- Incorporated inDE2
- Business address171 Remington Boulevard, Ronkonkoma, Ny 117792
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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SUNation Energy, Inc. (herein referred to as “SUNation Energy,” “SUNE,” “our,” “we” or the “Company”) is focused on growing leading local and regional solar, storage, and energy services companies nationwide. The SUNation Energy vision is the provision of exemplary client service while powering the energy transition through grass-root, community-centric growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s markets are New York and Hawaii, and the company operates proudly within two U.S. states.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
38.3%Gross margin5
-2.3%Operating margin5
-15.1%Net margin5
26.5%Revenue growth, 20255
-44.7%Return on equity5
0.27×Debt to equity5
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue62¢$44.4M
- Selling, general and admin38¢$27.0M
- Other costs1¢$513.3K
- Income tax0¢$51.1K
Out of $71.9M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$955.0K
Out of $955.0K of cash from operations.5
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $50.9M6 | $8.1M7 | $38.2K8 | $27.5M9 | $79.6M10 | $56.9M5 | $71.9M5 |
| Cost of revenue | $28.7M6 | $5.8M7 | $4.6M7 | $20.1M9 | $51.9M10 | $36.4M5 | $44.4M5 |
| Gross profit | $22.2M6 | $2.3M7 | $38.2K8 | $7.4M9 | $27.7M10 | $20.4M5 | $27.5M5 |
| Research and development | $3.6M6 | $2.8M6 | |||||
| Selling, general and admin | $22.2M6 | $7.1M7 | $1.1M8 | $12.2M9 | $29.1M10 | $27.1M5 | $27.0M5 |
| Operating expenses | $4.9M8 | $17.8M9 | $35.2M10 | $32.7M5 | $29.2M5 | ||
| Operating income | $9.2K6 | -$5.6M7 | -$4.9M8 | -$10.4M9 | -$7.5M10 | -$12.3M5 | -$1.7M5 |
| Income before tax | -$6.2M8 | -$3.3M9 | -$6.8M10 | -$15.8M5 | -$10.8M5 | ||
| Income tax | -$15.3K6 | $14.6K7 | $24.6K7 | $12.2K9 | $119.2K10 | $34.8K5 | $51.1K5 |
| Net income | $6.5M6 | -$171.7K7 | -$6.2M8 | -$10.4M11 | -$8.1M5 | -$15.8M5 | -$10.9M5 |
| Earnings per share | $0.706 | -$0.027 | -$2.038 | -$4.049 | -$611.5510 | -$10,110.935 | -$4.385 |
| Earnings per share (diluted) | $0.696 | -$0.027 | -$2.038 | -$4.049 | -$611.5510 | -$10,110.935 | -$4.385 |
| Shares (weighted, basic) | 3.1M shares8 | 6.7M shares9 | 13.3K shares10 | 2.7K shares5 | 2.5M shares5 | ||
| Shares (weighted, diluted) | 3.1M shares8 | 6.7M shares9 | 13.3K shares10 | 2.7K shares5 | 2.5M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $13.9M6 | $12.8M7 | $19.0K8 | $2.2M9 | $3.6M10 | $839.3K5 | $7.2M5 |
| Receivables | $1.8M7 | $5.6M9 | $5.0M10 | $4.9M5 | $4.2M5 | ||
| Inventory | $194.5K7 | $6.1M9 | $3.6M10 | $2.7M5 | $2.5M5 | ||
| Current assets | $49.4M6 | $35.8M7 | $19.0K8 | $26.0M9 | $15.8M10 | $11.1M5 | $16.5M5 |
| Property, plant and equipment | $140.8K7 | $1.2M9 | $1.5M10 | $1.2M5 | $1.0M5 | ||
| Goodwill | $2.1M7 | $20.5M9 | $20.5M5 | $17.4M5 | $17.4M5 | ||
| Intangible assets | $2.8M8 | $20.5M9 | $15.8M10 | $12.2M5 | $10.0M5 | ||
| Total assets | $59.2M6 | $55.6M7 | $2.8M8 | $74.7M9 | $58.2M10 | $45.7M5 | $48.2M5 |
| Accounts payable | $2.2M8 | $7.6M9 | $7.7M10 | $8.0M5 | $7.4M5 | ||
| Current liabilities | $11.4M6 | $7.4M7 | $2.9M8 | $25.9M9 | $22.4M10 | $27.2M5 | $15.4M5 |
| Long-term debt | $6.6M5 | ||||||
| Long-term liabilities | $8.5M8 | $21.5M9 | $15.4M10 | $10.0M5 | $8.5M5 | ||
| Retained earnings | -$8.7M8 | -$19.1M9 | -$27.1M10 | -$42.9M5 | -$53.8M5 | ||
| Shareholders’ equity | $47.4M7 | -$2.5M8 | -$8.6M9 | $27.2M10 | $20.4M5 | $8.5M5 | $24.3M5 |
| Shares outstanding | 9.3M shares6 | 9.3M shares7 | 3.1M shares8 | 9.9M shares9 | 13.7K shares10 | 9.3K shares5 | 3.4M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $10.2M6 | -$4.7M7 | -$811.0K8 | -$7.6M9 | -$667.2K10 | -$6.3M5 | $955.0K5 |
| Depreciation and amortization | $1.4M8 | $3.2M9 | $5.1M10 | $3.2M5 | $2.5M5 | ||
| Stock-based compensation | $100.0K8 | $309.2K9 | $1.2M10 | $29.0K5 | $85.2K5 | ||
| Capital spending | $425.0K6 | $169.0K7 | $35.0K7 | ||||
| Free cash flow | $9.8M | -$4.9M | -$846.0K | ||||
| Cash from investing | $480.0K8 | -$3.1M9 | $3.6M10 | -$26.7K5 | -$48.6K5 | ||
| Dividends paid | $743.3K6 | $563.9K7 | $34.0M7 | ||||
| Share buybacks | $1.4M6 | $354.9K7 | $4.8M7 | $38.4K10 | $6.1K5 | ||
| Cash from financing | $350.0K8 | $15.9M9 | -$2.8M10 | $2.1M5 | $5.1M5 | ||
| Dividend per share | $0.047 | $3.507 |
Corporate structure
SUNation Energy, Inc. sits at the top of its group. 7 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of SUNation Energy, Inc.
- Pinnacle Family Office Investments L.P. Filed SCHEDULE 13G on SUNation Energy, Inc., latest Aug 28, 2026
- Ayrton Capital LLC Filed SCHEDULE 13G on SUNation Energy, Inc., latest Aug 13, 2026
- AWM Investment Company, Inc. Filed SCHEDULE 13G on SUNation Energy, Inc., latest Jul 8, 2026
- JANE STREET GROUP, LLC Filed SCHEDULE 13G on SUNation Energy, Inc., latest Jul 2, 2026
- Scott Maskin Filed SCHEDULE 13D/A on SUNation Energy, Inc., latest May 1, 2026 (2 filings since Aug 7, 2023)
- L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on SUNation Energy, Inc., latest May 15, 2025 (2 filings since Mar 5, 2025)
- DANSKE BANK A/S Filed SCHEDULE 13D/A on SUNation Energy, Inc., latest Apr 24, 2025 (2 filings since Apr 16, 2025)
- BIGGER CAPITAL FUND L P Filed SCHEDULE 13G on SUNation Energy, Inc., latest Mar 10, 2025
- Jeffrey J. Conroy Filed SCHEDULE 13D/A on SUNation Energy, Inc., latest Dec 20, 2024 (2 filings since Oct 16, 2024)
- Hudson Bay Capital Management LP Filed SC 13G/A on SUNation Energy, Inc., latest Nov 8, 2024 (4 filings since Feb 3, 2022)
- Cavalry Fund I LP Filed SC 13G on SUNation Energy, Inc., latest Nov 7, 2024
- GAMCO Investors Filed SC 13D on SUNation Energy, Inc., latest Mar 20, 2024 (5 filings since Jan 12, 2022)
- SUNation Energy, Inc. Ronkonkoma, New York
- Austin Taylor Communications, Ltd. Subsidiary · United Kingdom
- Hawaii Energy Connection, LLC Subsidiary · Hawaii, United States
- Pineapple Energy LLC Subsidiary · Delaware, United States
- SUNation Commercial, Inc. Subsidiary · New York, United States
- SUNation Service, LLC Subsidiary · New York, United States
- SUNation Solar Systems, Inc. Subsidiary · New York, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What SUNation Energy, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.1M5 Dec 31, 2025 | $2.0M5 Dec 31, 2024 | +2.1% |
| Accumulated depreciation | $1.1M5 Dec 31, 2025 | $799.0K5 Dec 31, 2024 | +33.2% |
| Property and equipment, net | $1.0M5 Dec 31, 2025 | $1.2M5 Dec 31, 2024 | −18.0% |
| Operating-lease assets (leased space) | $3.3M5 Dec 31, 2025 | $3.7M5 Dec 31, 2024 | −10.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $7.2M5 Dec 31, 2025 | $839.3K5 Dec 31, 2024 | +755.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $17.4M5 Dec 31, 2025 | $17.4M5 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $10.0M5 Dec 31, 2025 | $12.2M5 Dec 31, 2024 | −18.3% |
| Finite-lived intangibles, gross | $20.3M5 Dec 31, 2025 | $20.3M5 Dec 31, 2024 | 0% |
| Accumulated amortization | $9.6M5 Dec 31, 2025 | $7.3M5 Dec 31, 2024 | +30.5% |
| Finite-lived intangibles, net | $10.0M5 Dec 31, 2025 | $12.2M5 Dec 31, 2024 | −18.3% |
Inventory
Properties, in its own words
The following is a summary of the Company’s leased property:
The Company leases 10,000 square feet of office and warehouse space in Aiea, Hawaii.
The rest of Item 2
SUNation NY leases 20,000 square feet of office and warehouse space in Ronkonkoma, New York.
The Company believes these facilities will be adequate to accommodate its needs for the foreseeable future.
Item 2 of the 10-K filed Mar 23, 2026.4
Leadership
Who has led SUNation Energy, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
20052010201520202025
- Chief executive officerScott Maskin May 1, 2026 to now14
- Chief executive officerKyle Udseth Mar 28, 2022 to May 17, 202415
- Chief executive officerAnita Kumar Dec 9, 2020 to Aug 5, 202116
- Chief executive officerRoger Hd Lacey Jun 5, 2014 to Aug 4, 202117
- Chief executive officerCurtis A. Sampson Mar 17, 2004 to May 22, 200718
- ChairRoger Hd Lacey Apr 2, 2020 to Aug 4, 202119
- ChairCurtis A. Sampson May 17, 2004 to Aug 23, 201020
- PresidentAnita Kumar Dec 9, 2020 to Aug 5, 202116
- PresidentScott Fluegge Apr 4, 2017 to Apr 4, 201721
- PresidentBleick Karen J. Nesburg Sep 14, 2009 to Sep 14, 200922
- PresidentBruce C. Blackwood Mar 5, 2008 to Sep 14, 200923
- PresidentMichael J. Skucius Mar 5, 2008 to Sep 14, 200924
- PresidentDaniel G. Easter May 8, 2007 to May 8, 200725
- Chief financial officerJames Robert Brennan May 1, 2026 to now26
- Chief financial officerAndrew Childs Dec 10, 2024 to Dec 10, 202427
- Chief financial officerKristin Hlavka Sep 22, 2022 to Sep 22, 202228
- Chief financial officerEric Ingvaldson Oct 12, 2022 to Aug 23, 202429
- Chief financial officerEdwin C. Freeman Mar 17, 2016 to Mar 17, 201630
- Chief financial officerMark Fandrich Aug 30, 2016 to Aug 4, 202131
- Chief financial officerDavid T. McGraw Mar 5, 2008 to Jun 7, 201332
- Chief financial officerPaul N. Hanson Oct 16, 2003 to Mar 5, 200833
- Chief operating officerJames Robert Brennan Jun 21, 2024 to Dec 12, 202434
- Chief operating officerMichael J. Skucius Jul 19, 2006 to Nov 16, 200735
Board members and other officers (40)
- Senior Vice PresidentMike Siegler Jan 8, 2021 to Aug 4, 202136
- Corporate SecretaryGeorge Wakileh Mar 9, 2015 to Mar 30, 201637
- GM/VPScott Gregory Otis Sep 9, 2013 to Apr 1, 201938
- ControllerKristin Hlavka Mar 29, 2012 to May 17, 202439
- VP & GM JDL TechnologiesPatrick Murphy Schaber May 18, 2012 to Jun 13, 201340
- VP MarketingScott Fluegge May 18, 2012 to Aug 5, 202141
- VPMelvyn Albiston Apr 26, 2011 to Apr 26, 201142
- VPSeweryn Sadura Apr 26, 2011 to Jun 7, 201343
- VP & Gen Mgr, Suttle DivisionBruce C. Blackwood Nov 30, 2007 to May 10, 201844
- Corporate ControllerRamon Burton Dec 6, 2007 to Dec 9, 201145
- Dir of Human ResourcesBleick Karen J. Nesburg Jan 19, 2005 to Aug 26, 201346
- Exec VP Image Sys DivisionDavid R. Sorensen Jan 19, 2005 to Jan 19, 200547
- Pres & GM MiLAN DivisionGary D. Nentwig Jan 19, 2005 to Jan 23, 200648
- GM Transition-subsidiaryDaniel G. Easter Mar 10, 2004 to Aug 23, 200749
- GM JDL Tech.-subsidiaryThomas J. Lapping Mar 10, 2004 to Aug 23, 200750
- VP, Treasurer, Sec'yPaul N. Hanson Mar 11, 2004 to Oct 22, 200751
- VP CORP DEVDavid R. Opsahl Oct 5, 2004 to Mar 9, 200552
- Corporate ControllerBrian R. Lucker Oct 16, 2003 to Mar 9, 200553
- ControllerCharles A. Braun Oct 16, 2003 to Mar 5, 200854
- Pres & GM Suttle DivisionDavid T. McGraw Oct 16, 2003 to Mar 9, 200555
- Director of Information ServicMichael J. Skucius Oct 16, 2003 to Apr 1, 201456
- Board memberSpring Hollis Dec 10, 2024 to Dec 10, 202457
- Board memberKyle Udseth Mar 28, 2022 to May 17, 202415
- Board memberMarilyn S. Adler Mar 28, 2022 to Jan 10, 202458
- Board memberScott Honour Mar 28, 2022 to Jun 6, 202459
- Board memberTom Holland Mar 28, 2022 to Jun 17, 202460
- Board memberScott Maskin Nov 15, 2022 to now61
- Board memberMichael R. Zapata Jun 18, 2020 to Sep 22, 202262
- Board memberAnita Kumar Dec 9, 2020 to Aug 5, 202116
- Board memberSteven Webster May 31, 2017 to Mar 29, 202263
- Board memberRichard A. Primuth Oct 24, 2013 to Mar 29, 202264
- Board memberRoger Hd Lacey Jul 29, 2009 to Dec 13, 202465
- Board memberEdwin C. Freeman Mar 11, 2004 to Mar 30, 201666
- Board memberLuella G. Goldberg Mar 11, 2004 to May 24, 201767
- Board memberRandall D. Sampson Mar 11, 2004 to Jun 17, 202468
- Board memberFrederick M. Green Mar 15, 2004 to Nov 30, 200569
- Board memberGerald D. Pint Mar 15, 2004 to May 23, 201870
- Board memberPaul J. Anderson Mar 15, 2004 to May 23, 200871
- Board memberWayne E. Sampson Mar 15, 2004 to Jun 26, 200772
- Board memberCurtis A. Sampson Mar 17, 2004 to May 23, 201918
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorKevin H.D. O'Connor named Apr 22, 202673
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Austin Taylor Communications, Ltd. United Kingdom3
- Hawaii Energy Connection, LLC Hawaii3
- Pineapple Energy LLC Delaware3
- SUNation Commercial, Inc. New York3
- SUNation Service, LLC New York3
- SUNation Solar Systems, Inc. New York3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 15, 20268-K Entered a material agreement; New debt or obligation74
- Sep 8, 20268-K Regulation FD disclosure75
- Sep 8, 20268-K Entered a material agreement76
- Aug 12, 20268-K Results of operations77
- Jun 8, 20268-K Entered a material agreement78
- Jun 8, 20268-K Entered a material agreement; Regulation FD disclosure79
- May 15, 20268-K Results of operations80
- May 1, 2026New chief executive Scott Maskin becomes CEO14
- Apr 15, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares81
- Apr 9, 20268-K Entered a material agreement82
- Apr 9, 20268-K Regulation FD disclosure83
- Mar 19, 20268-K Results of operations84
- Feb 4, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure85
- Mar 28, 2022New chief executive Kyle Udseth becomes CEO15
- Dec 9, 2020New chief executive Anita Kumar becomes CEO16
- Jun 5, 2014New chief executive Roger Hd Lacey becomes CEO17
- Mar 17, 2004New chief executive Curtis A. Sampson becomes CEO18
Calendar
Coming up
- Nov 6, 2026Reports results for the quarter ending Sep/202686
When it reported results
- Aug 12, 2026Reported quarterly or annual results77
- May 15, 2026Reported quarterly or annual results80
- Mar 19, 2026Reported quarterly or annual results84
- Aug 18, 2025Reported quarterly or annual results87
- May 16, 2025Reported quarterly or annual results88
- May 9, 2024Reported quarterly or annual results89
- Mar 28, 2024Reported quarterly or annual results90
- Nov 13, 2023Reported quarterly or annual results91
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
369 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 103 major events, 66 insider forms, 34 large holders, 2 private raises, 141 other. The latest 20:
- Oct 15, 20268-K CURRENT REPORT EDGAR
- Sep 8, 2026425 CURRENT REPORT EDGAR
- Sep 8, 20268-K CURRENT REPORT EDGAR
- Sep 8, 2026425 CURRENT REPORT EDGAR
- Sep 8, 20268-K CURRENT REPORT EDGAR
- Aug 28, 2026SCHEDULE 13G EDGAR
- Aug 13, 2026SCHEDULE 13G EDGAR
- Aug 12, 20268-K CURRENT REPORT EDGAR
- Aug 12, 202610-Q EDGAR
- Jul 8, 2026SCHEDULE 13G EDGAR
- Jul 2, 2026SCHEDULE 13G EDGAR
- Jun 18, 20263 PRIMARY DOCUMENT EDGAR
- Jun 8, 2026425 CURRENT REPORT EDGAR
- Jun 8, 20268-K CURRENT REPORT EDGAR
- Jun 8, 20268-K CURRENT REPORT EDGAR
- May 15, 20268-K CURRENT REPORT EDGAR
- May 15, 202610-Q EDGAR
- May 1, 20264 EDGAR
- May 1, 20264 EDGAR
- May 1, 2026SCHEDULE 13D/A EDGAR
The 369 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
31 open-market trades by officers, directors and large owners since October 2021: 12 buys and 19 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 14, 2026 | Brennan James RobertChief Financial Officer | Buy | 123,254 | $1.77 | $218.2K | Form 4 |
| Apr 14, 2026 | Maskin ScottChief Executive Officer | Buy | 554,712 | $1.77 | $981.8K | Form 4 |
| Dec 11, 2024 | Lacey Roger HDDirector | Buy | 1,680 | $2.84 | $4.8K | Form 4 |
| Dec 11, 2024 | Brennan James RobertChief Financial Officer | Buy | 2,000 | $2.81 | $5.6K | Form 4 |
| Dec 11, 2024 | Maskin ScottChief Executive Officer | Buy | 3,500 | $2.81 | $9.8K | Form 4 |
| Oct 10, 2024 | Conroy Jeffrey J.10% owner | Buy | 350,704 | $0.12 | $40.3K | Form 4 |
| Oct 10, 2024 | Conroy Jeffrey J.10% owner | Sale | 16,014 | $0.11 | $1.8K | Form 4 |
| Oct 9, 2024 | Conroy Jeffrey J.10% owner | Buy | 333,921 | $0.11 | $36.1K | Form 4 |
| Oct 9, 2024 | Conroy Jeffrey J.10% owner | Sale | 29,010 | $0.11 | $3.1K | Form 4 |
| Aug 21, 2024 | Ingvaldson EricCHIEF FINANCIAL OFFICER | Sale | 2,663 | $0.87 | $2.3K | Form 4 |
| Jun 14, 2024 | Holland TomDirector | Buy | 3,000 | $1.30 | $3.9K | Form 4 |
| Jun 13, 2024 | SAMPSON RANDALL DDirector | Buy | 6,700 | $1.45 | $9.7K | Form 4 |
| Jun 13, 2024 | Lacey Roger HDDirector | Buy | 12,250 | $1.65 | $20.2K | Form 4 |
| Jun 13, 2024 | Maskin ScottChief Executive Officer | Buy | 15,000 | $1.43 | $21.4K | Form 4 |
| Jun 4, 2024 | Honour ScottDirector | Sale | 50,000 | $0.21 | $10.3K | Form 4 |
| Nov 20, 2023 | NORTHERN PACIFIC GROWTH INVESTMENT ADVISORS, LLC10% owner | Sale | 2,488 | $0.61 | $1.5K | Form 4 |
| Nov 17, 2023 | NORTHERN PACIFIC GROWTH INVESTMENT ADVISORS, LLC10% owner | Sale | 4,600 | $0.62 | $2.8K | Form 4 |
| Nov 16, 2023 | NORTHERN PACIFIC GROWTH INVESTMENT ADVISORS, LLC10% owner | Sale | 4,630 | $0.62 | $2.9K | Form 4 |
| Nov 15, 2023 | NORTHERN PACIFIC GROWTH INVESTMENT ADVISORS, LLC10% owner | Sale | 9,616 | $0.65 | $6.3K | Form 4 |
| Nov 14, 2023 | NORTHERN PACIFIC GROWTH INVESTMENT ADVISORS, LLC10% owner | Sale | 2,600 | $0.68 | $1.8K | Form 4 |
All 31 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Pinnacle Family Office Investments L.P.SCHEDULE 13G, 1 filing Aug 28, 202692
- Ayrton Capital LLCSCHEDULE 13G, 1 filing Aug 13, 202693
- AWM Investment Company, Inc.SCHEDULE 13G, 1 filing Jul 8, 202694
- JANE STREET GROUP, LLCSCHEDULE 13G, 1 filing Jul 2, 202695
- Scott MaskinSCHEDULE 13D/A, 2 filings Aug 7, 2023 to May 1, 202696
- L1 Capital Global Opportunities Master Fund, Ltd.SCHEDULE 13G/A, 2 filings Mar 5, 2025 to May 15, 202597
- DANSKE BANK A/SSCHEDULE 13D/A, 2 filings Apr 16, 2025 to Apr 24, 202598
- BIGGER CAPITAL FUND L PSCHEDULE 13G, 1 filing Mar 10, 202599
- Jeffrey J. ConroySCHEDULE 13D/A, 2 filings Oct 16, 2024 to Dec 20, 2024100
- Hudson Bay Capital Management LPSC 13G/A, 4 filings Feb 3, 2022 to Nov 8, 2024101
- Cavalry Fund I LPSC 13G, 1 filing Nov 7, 2024102
- GAMCO InvestorsSC 13D, 5 filings Jan 12, 2022 to Mar 20, 2024103
- NORTHERN PACIFIC GROWTH INVESTMENT ADVISORS, LLCSC 13D/A, 4 filings Apr 6, 2022 to Dec 1, 2023104
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 2023105
- Hercules Capital, Inc.SC 13G/A, 2 filings Apr 27, 2022 to Oct 12, 2022106
- PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.SC 13G/A, 1 filing Feb 14, 2022107
- Randall D. SampsonSC 13G/A, 1 filing Feb 14, 2022108
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Scott MaskinChief Executive Officer | 62 | $263.7K | $274.9K109 |
| 2024 | James BrennanChief Operating Officer | 61 | $250.2K | $254.4K109 |
| 2024 | Kristin HlavkaCorporate Controller | 44 | $188.6K | $195.5K109 |
| 2024 | Eric IngvaldsonFormer Chief Financial Officer | $177.9K | $185.6K109 | |
| 2024 | Kyle J. UdsethFormer Chief Executive Officer | $126.9K | $168.9K109 | |
| 2024 | Andrew ChildsInterim Chief Financial Officer | $79.8K | $80.4K109 | |
| 2023 | Kyle J. UdsethFormer Chief Executive Officer | $286.2K | $569.1K109 | |
| 2023 | Eric IngvaldsonFormer Chief Financial Officer | $250.0K | $465.1K109 | |
| 2023 | Kristin HlavkaCorporate Controller | 44 | $185.0K | $328.3K109 |
Money raised
Private offerings the company reported to the SEC on Form D.
SEC filer profile
How SUNation Energy, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSUNation Energy, Inc.1
- CIK0000022701
- Employer ID (EIN)41-09579994
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3674 Semiconductors & Related Devices1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address171 Remington Boulevard, Ronkonkoma, NY 117791
- Phone95299616741
- Shares outstanding6,513,108 as of Aug 5, 202613
- Public float$9.7M as of Jun 30, 20254
- AuditorCBIZ CPAs P.C, Melville, NY PCAOB ID 199; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceFeb 14, 19941
- Filings1,480 in all: 4 (644), 8-K (203), 10-Q (95), SC 13G/A (94), DEFA14A (40), 3 (35), 5 (35), DEF 14A (34)1
All 51 form types
SC 13D/A (34), 10-K (31), 144 (27), 425 (24), SC 13G (21), 4/A (18), S-8 (14), UPLOAD (11), 8-K/A (10), PRE 14A (9), SD (9), 424B5 (8), SC 13D (8), CORRESP (7), NT 10-Q (7), 10-K/A (6), ARS (6), SCHEDULE 13G (6), S-8 POS (5), EFFECT (4), NT 10-K (4), S-3 (4), SCHEDULE 13D/A (3), 5/A (2), 8-A12B (2), D (2), S-3/A (2), 10-Q/A (1), 25 (1), 3/A (1), 424B3 (1), 8-A12B/A (1), 8-A12G (1), CERTAMX (1), CERTNAS (1), DEFM14A (1), NTN 10Q (1), PREM14A (1), S-3MEF (1), S-4 (1), S-4/A (1), SCHEDULE 13D (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) Mar 23, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Nov 24, 2025
Latest 8-K (8-K) Oct 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $.05 par value | SUNE | Nasdaq |
From the cover page of the 10-K filed Mar 23, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks SUNation Energy, Inc. names in Item 1A of its 10-K filed Mar 23, 2026: 47 risks under these headings, as written.4
- Risks Related to the Company’s Common Stock
- Our shares will be subject to potential delisting if we do not maintain the listing requirements of the Nasdaq Capital Market; new and additional proposed Nasdaq listing rules create more stringent listing compliance and risk for more delistings.
- Shareholders may be diluted if additional capital stock is issued to raise capital, including to finance acquisitions, repay debt or in connection with strategic transactions.
- Future sales of Company shares or securities exercisable for shares could cause the Company’s stock price to decline.
- The price of the Company’s common stock and trading volume may be volatile and may negatively impact shareholders’ value of their investment.
- The Company may issue additional common stock resulting in stock ownership dilution.
- Anti-Takeover Effects of Delaware Law, the Certificate of Incorporation and the Bylaws may discourage or prevent a change in control, even if beneficial to our shareholders and could cause our stock price to decline.
- The Company’s board of directors is authorized to issue and designate shares of preferred stock without shareholder approval.
- Risks Relating to the Company’s Business
- The Company’s continued success and viability depends on the continued origination of solar installation agreements.
- If the Company fails to manage its operations and growth effectively, it may be unable to execute its business plan, maintain high levels of customer service or adequately address competitive challenges.
- The Company needs to raise additional capital to fund its operations and repay its obligations, which funding may not be available on favorable terms or at all and may lead to substantial dilution to the Company’s existing shareholders. Further, there is substantial doubt about the Company’s ability to continue as a going concern, which conditions may adversely affect the Company’s stock price and its ability to raise capital.
The other 37 risks
- The Company depends on a limited number of suppliers of solar energy system components and technologies to adequately meet demand for its solar energy systems.
- Increases in the cost of the Company’s solar energy systems due to tariffs and other trade restrictions imposed by the U.S. and foreign governments could have a material adverse effect on its business, financial condition and results of operations.
- The Company’s operating results and its ability to grow or viability continue may fluctuate from quarter to quarter and year to year, which could make its future performance difficult to predict and could cause its operating results for a particular period to fall below expectations.
- The Company may be required to record an impairment charge on our goodwill in the future.
- We may not realize the anticipated benefits of past or future investments, strategic transactions, or acquisitions, and integration of these acquisitions may disrupt our business and our management.
- We periodically receive proposals to consider expansion, diversification and other forms of strategic transactions, and any such transactions that we may consider or consummate in the future could have negative consequences.
- Even if we successfully consummate a strategic transaction, we may fail to realize all of the anticipated benefits of the transaction, those benefits may take longer to realize than expected, or we may encounter integration difficulties.
- If the Company is unable to make net profitable acquisitions, successful joint ventures, mergers, or other diversification strategies on economically acceptable terms, its future growth would be limited, and any acquisitions it may make could reduce, rather than increase, its cash flows.
- Product liability and property damage claims against the Company or accidents could result in adverse publicity and potentially significant monetary damages.
- Changes in our business strategy or restructuring of our businesses may increase our costs or otherwise affect our businesses.
- We may not fully realize the anticipated benefits from our restructuring or diversification efforts.
- We need to obtain substantial additional financing arrangements to provide working capital, expansion and growth capital. If financing is not available to us on acceptable terms when needed, our ability to continue to fund our operations and grow our business would be materially adversely impacted.
- Federal tax policy impacts the competitiveness of our service offerings to customers and our market.
- The Company will not be able to insure against all potential risks and it may become subject to higher insurance premiums.
- Damage to the Company’s brand and reputation or change or loss of use of its brand could harm its business and results of operations.
- The loss of one or more members of the Company’s senior management or key employees may adversely affect its ability to implement its strategy.
- The Company’s inability to protect its intellectual property could adversely affect its business. The Company may also be subject to intellectual property rights claims by third parties, which are extremely costly to defend, could require it to pay significant damages and could limit its ability to use certain technologies.
- The Company may be subject to interruptions or failures in its information technology systems.
- The Company’s information technology systems may be exposed to various cybersecurity risks and other disruptions that could impair its ability to operate, adversely affect its business, and damage its brand and reputation.
- A failure to hire and retain a sufficient number of key employees, such as installers and electricians, would constrain our growth and our ability to timely complete projects.
- Our business is concentrated in certain markets, putting us at risk of region-specific disruptions.
- Litigation brought by third parties claiming breach of contract, contractual defaults or other claims for may be costly and time consuming.
- Risks Related to the Solar Industry
- Changes in current laws or regulations or the imposition of new laws or regulations, or new interpretations thereof, in the solar energy sector, by federal or state agencies in the United States could impair our ability to compete and could materially harm our business, financial condition and results of operations.
- If sufficient additional demand for residential solar energy systems does not develop or takes longer to develop than the Company anticipates, its ability to originate solar installation agreements may decrease.
- The Company’s business prospects are dependent in part on a continuing decline in the cost of solar energy system components and the Company’s business may be adversely affected to the extent the cost of these components stabilize or increase in the future, whether through international supply disruptions, conflicts, trade wars, new tariffs or otherwise.
- The Company faces competition from centralized electric utilities, retail electric providers, independent power producers and renewable energy companies.
- Developments in technology or improvements in distributed solar energy generation and related technologies or components may have a material adverse effect on demand for the Company’s offerings.
- A material reduction in the retail price of electricity charged by electric utilities or other retail electricity providers could harm the Company’s business, financial condition and results of operations.
- Terrorist or cyberattacks against centralized utilities could adversely affect the Company’s business.
- Climate change may have long-term impacts on the Company’s business, industry, and the global economy.
- Risks Related to Regulations
- Increases in the cost of the Company’s solar energy systems due to tariffs imposed by the U.S. and foreign government could have a material adverse effect on its business, financial condition and results of operations.
- The Company is not currently regulated as an electric public utility under applicable law, but may be subject to regulation as an electric utility in the future.
- Electric utility policies and regulations, including those affecting electric rates, may present regulatory and economic barriers to the purchase and use of solar energy systems that may significantly reduce demand for the Company’s solar energy systems and adversely impact its ability to originate new solar installation agreements.
- The Company relies on net metering and related policies to sell solar systems to its customers in most of its current markets, and changes to policies governing net metering may significantly reduce demand for electricity from residential solar energy systems and thus for the Company’s installation services.
- A customer’s decision to procure installation services from the Company depends in part on the availability of rebates, tax credits and other financial incentives. The expiration, elimination or reduction of these rebates, credits or incentives or its ability to monetize them could adversely impact its business.
- Technical and regulatory limitations regarding the interconnection of solar energy systems to the electrical grid may significantly delay interconnections and customer in-service dates, harming the Company’s growth rate and customer satisfaction.
- Compliance with occupational safety and health requirements and best practices can be costly, and noncompliance with such requirements may result in potentially significant monetary penalties, operational delays and adverse publicity.
Legal proceedings
We are involved in various claims arising in the ordinary course of business, including some which we believe are immaterial or which we believe to be frivolous, including actions with respect to contractual matters. In connection with these matters, we assess, on a regular basis, the probability and range of possible loss based on the developments in these matters.
In early 2025, an action by a landlord was brought to recover approximately $34,000 plus attorneys’ fees and punitive damages based upon an alleged breach of the lease between Remington Industrial Management LLC and Sunation Solar Systems, Inc. The landlord asserts that Sunation Solar Systems, Inc. has the obligation to insure the entire building rather than keep in full force and effect “fire and hazard insurance for the full replacement value of all improvements located on the demised premise” as specifically provided in the lease rider. Sunation Solar Systems denies that it has an obligation to insure the entire building under the express terms of the lease, which is not a “triple net lease.” The landlord had asserted three causes of action for breach of contract, declaratory judgment that the lease requires Sunation Solar Systems to insure the building itself, and a third vague “fraud” theory. The claims against SUNation Energy, Inc. based upon vague allegations of fraud are likely unsustainable. We have since come to agreement with the Landlord on this matter and a stipulation of discontinuance with prejudice has been filed with the court. As a result, the action has been dismissed.
From time to time, we also face threatened legal actions or claims in the ordinary course of our business. One such matter involved a residential customer who has informally alleged that our subsidiary, Sunation Solar Systems, was responsible for the cost to replace certain equipment by a third-party manufacturer that was found to be admittedly defective (by the manufacturer), the cost of which
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARKyle Udseth, Chief executive officer
- 16SEC EDGARAnita Kumar, Chief executive officer
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- 19SEC EDGARRoger Hd Lacey, Chair
- 20SEC EDGARCurtis A. Sampson, Chair
- 21SEC EDGARScott Fluegge, President
- 22SEC EDGARBleick Karen J. Nesburg, President
- 23SEC EDGARBruce C. Blackwood, President
- 24SEC EDGARMichael J. Skucius, President
- 25SEC EDGARDaniel G. Easter, President
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- 36SEC EDGARMike Siegler, Senior Vice President
- 37SEC EDGARGeorge Wakileh, Corporate Secretary
- 38SEC EDGARScott Gregory Otis, GM/VP
- 39SEC EDGARKristin Hlavka, Controller
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- 41SEC EDGARScott Fluegge, VP Marketing
- 42SEC EDGARMelvyn Albiston, VP
- 43SEC EDGARSeweryn Sadura, VP
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- 45SEC EDGARRamon Burton, Corporate Controller
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- 51SEC EDGARPaul N. Hanson, VP, Treasurer, Sec'y
- 52SEC EDGARDavid R. Opsahl, VP CORP DEV
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- 54SEC EDGARCharles A. Braun, Controller
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- 57SEC EDGARSpring Hollis, Board member
- 58SEC EDGARMarilyn S. Adler, Board member
- 59SEC EDGARScott Honour, Board member
- 60SEC EDGARTom Holland, Board member
- 61SEC EDGARScott Maskin, Board member
- 62SEC EDGARMichael R. Zapata, Board member
- 63SEC EDGARSteven Webster, Board member
- 64SEC EDGARRichard A. Primuth, Board member
- 65SEC EDGARRoger Hd Lacey, Board member
- 66SEC EDGAREdwin C. Freeman, Board member
- 67SEC EDGARLuella G. Goldberg, Board member
- 68SEC EDGARRandall D. Sampson, Board member
- 69SEC EDGARFrederick M. Green, Board member
- 70SEC EDGARGerald D. Pint, Board member
- 71SEC EDGARPaul J. Anderson, Board member
- 72SEC EDGARWayne E. Sampson, Board member
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- 75SEC EDGARRegulation FD disclosure
- 76SEC EDGAREntered a material agreement
- 77SEC EDGARResults of operations
- 78SEC EDGAREntered a material agreement
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- 80SEC EDGARResults of operations
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- 82SEC EDGAREntered a material agreement
- 83SEC EDGARRegulation FD disclosure
- 84SEC EDGARResults of operations
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- 86NasdaqNasdaq calendar
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