SUNation Energy Inc. (SUNE) - Net Assets
Based on the latest financial reports, SUNation Energy Inc. (SUNE) has net assets worth $20.52 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($40.92 Million) and total liabilities ($20.40 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See SUNE net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $20.52 Million |
| % of Total Assets | 50.15% |
| Annual Growth Rate | -8.37% |
| 5-Year Change | N/A |
| 10-Year Change | -96.7% |
| Growth Volatility | 87.19 |
SUNation Energy Inc. - Net Assets Trend (2003–2025)
This chart illustrates how SUNation Energy Inc.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of SUNation Energy Inc..
Annual Net Assets for SUNation Energy Inc. (2003–2025)
The table below shows the annual net assets of SUNation Energy Inc. from 2003 to 2025. Also explore net asset growth rate of SUNation Energy Inc. to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $24.35 Million | +184.82% |
| 2024-12-31 | $8.55 Million | -58.18% |
| 2023-12-31 | $20.44 Million | -24.93% |
| 2022-12-31 | $27.22 Million | +415.19% |
| 2021-12-31 | $-8.64 Million | -245.34% |
| 2020-12-31 | $-2.50 Million | -101.07% |
| 2014-12-31 | $232.90 Million | +0.30% |
| 2013-12-31 | $232.20 Million | -59.64% |
| 2012-12-31 | $575.30 Million | -22.04% |
| 2011-12-31 | $737.90 Million | -67.23% |
| 2010-12-31 | $2.25 Billion | +33.95% |
| 2009-12-31 | $1.68 Billion | +0.30% |
| 2008-12-31 | $1.68 Billion | +4.29% |
| 2007-12-31 | $1.61 Billion | +70.42% |
| 2006-12-31 | $942.95 Million | +199.89% |
| 2004-12-31 | $314.44 Million | +88.61% |
| 2003-12-31 | $166.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SUNation Energy Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 165.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $170.33K | 0.70% |
| Other Components | $77.97 Million | 320.26% |
| Total Equity | $24.35 Million | 100.00% |
SUNation Energy Inc. Competitors by Market Cap
The table below lists competitors of SUNation Energy Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cavendish Hydrogen ASA
OL:CAVEN
|
$18.95 Million |
|
Hubei Geoway Investment Co Ltd
SHG:600462
|
$18.96 Million |
|
STS Group AG
XETRA:SF3
|
$18.96 Million |
|
Logah Technology Corp
TW:3593
|
$18.97 Million |
|
Scage Future American Depositary Shares
NASDAQ:SCAG
|
$18.95 Million |
|
Evoke Pharma Inc
NASDAQ:EVOK
|
$18.95 Million |
|
RENN Fund Inc
NYSE MKT:RCG
|
$18.94 Million |
|
Shenzhen Wongtee International Enterprise Co Ltd
SHE:200056
|
$18.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SUNation Energy Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,547,416 to 24,345,006, a change of 15,797,590 (184.8%).
- Net loss of 10,893,000 reduced equity.
- Dividend payments of 276,000 reduced retained earnings.
- New share issuances of 10,042,162 increased equity.
- Other factors increased equity by 16,924,428.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.89 Million | -44.74% |
| Dividends Paid | $276.00K | -1.13% |
| Share Issuances | $10.04 Million | +41.25% |
| Other Changes | $16.92 Million | +69.52% |
| Total Change | $- | 184.82% |
Book Value vs Market Value Analysis
This analysis compares SUNation Energy Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.30x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.30x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $31898352.55 | $2.91 | x |
| 2004-12-31 | $71091171.75 | $2.91 | x |
| 2006-12-31 | $64233923.71 | $2.91 | x |
| 2007-12-31 | $138247282.61 | $2.91 | x |
| 2008-12-31 | $145900490.54 | $2.91 | x |
| 2009-12-31 | $155747126.44 | $2.91 | x |
| 2010-12-31 | $160606276.75 | $2.91 | x |
| 2011-12-31 | $52111581.92 | $2.91 | x |
| 2012-12-31 | $40514084.51 | $2.91 | x |
| 2013-12-31 | $16329113.92 | $2.91 | x |
| 2014-12-31 | $16173611.11 | $2.91 | x |
| 2020-12-31 | $-160939.51 | $2.91 | x |
| 2021-12-31 | $-535455.30 | $2.91 | x |
| 2022-12-31 | $605747.49 | $2.91 | x |
| 2023-12-31 | $305436.99 | $2.91 | x |
| 2024-12-31 | $3151.70 | $2.91 | x |
| 2025-12-31 | $9.78 | $2.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SUNation Energy Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -44.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.15%
- • Asset Turnover: 1.49x
- • Equity Multiplier: 1.98x
- Recent ROE (-44.74%) is above the historical average (-64.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 60.23% | 14.93% | 1.23x | 3.28x | $97.25 Million |
| 2004 | 51.07% | 22.00% | 1.23x | 1.89x | $181.91 Million |
| 2006 | 39.16% | 23.97% | 1.02x | 1.59x | $274.99 Million |
| 2007 | 40.59% | 43.00% | 0.79x | 1.19x | $622.50 Million |
| 2008 | 18.59% | 19.32% | 0.80x | 1.20x | $178.80 Million |
| 2009 | -2.68% | -4.99% | 0.38x | 1.40x | $-274.80 Million |
| 2010 | 1.53% | 1.54% | 0.49x | 2.05x | $-190.77 Million |
| 2011 | -208.16% | -56.56% | 0.56x | 6.62x | $-1.61 Billion |
| 2012 | -26.18% | -5.95% | 0.54x | 8.17x | $-208.13 Million |
| 2013 | -252.67% | -29.22% | 0.30x | 28.77x | $-609.92 Million |
| 2014 | -506.83% | -47.51% | 0.22x | 49.38x | $-1.20 Billion |
| 2020 | 0.00% | -2.12% | 1.72x | 0.00x | $78.44K |
| 2021 | 0.00% | -16339.68% | 0.01x | 0.00x | $-5.37 Million |
| 2022 | -38.03% | -37.61% | 0.37x | 2.74x | $-13.07 Million |
| 2023 | -39.79% | -10.21% | 1.37x | 2.85x | $-10.18 Million |
| 2024 | -185.43% | -27.87% | 1.24x | 5.35x | $-16.70 Million |
| 2025 | -44.74% | -15.15% | 1.49x | 1.98x | $-13.33 Million |
Industry Comparison
This section compares SUNation Energy Inc.'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $13,086,055,993
- Average return on equity (ROE) among peers: -5.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SUNation Energy Inc. (SUNE) | $20.52 Million | 60.23% | 0.99x | $18.95 Million |
| Array Technologies Inc (ARRY) | $115.55 Billion | -20.12% | 0.11x | $641.54 Million |
| Ascent Solar Technologies, Inc. (ASTI) | $-209.23K | 0.00% | 0.00x | $27.29 Million |
| Beam Global (BEEM) | $5.82 Million | -67.54% | 0.25x | $25.69 Million |
| Canadian Solar Inc (CSIQ) | $3.71 Billion | 7.40% | 2.21x | $759.47 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $105.28 Million | -28.00% | 1.17x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $483.99 Million | 27.69% | 1.48x | $4.69 Billion |
| First Solar Inc (FSLR) | $4.50 Billion | 7.79% | 0.53x | $20.53 Billion |
| FTC Solar Inc (FTCI) | $-8.45 Million | 0.00% | 0.00x | $35.19 Million |
| iSun, Inc. (ISUNQ) | $59.86 Million | -10.43% | 0.73x | $4.74K |
| JinkoSolar Holding Company Limited (JKS) | $6.46 Billion | 28.28% | 3.04x | $530.99 Million |
About SUNation Energy Inc.
SUNation Energy Inc. engages in the design, installation, and maintenance of photovoltaic solar energy systems and battery storage systems in the United States. The company's brand portfolio includes SUNation, SUNation Energy, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power. It also develops and offers energy control devices for solar systems that are paired with batteries. I… Read more