Is Sunation Energy going out of business?

SUNATION ENERGY, INC. (SUNE) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

SUNATION ENERGY, INC. (SUNE) scores 26 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 157.04% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Critical

2-5 mo of estimated runway from 2026-06-30, based on $3.1M of cash and short-term investments against $10.5M of annual burn. Adjusted shares outstanding increased 157.0% over the comparison year.

Business quality - Poor

-7.9% operating margin and -17.1% FCF margin produce a poor Business Quality assessment.

Trajectory - Accelerating

Revenue, operating margin and cash margin improved together. Revenue improved 10.3%; operating margin improved 14.4pp; FCF margin improved 6.7pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-6.4% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Evidence unavailable

No active asserted adverse event was found in the available filing evidence. The filing evidence is stale or incomplete, so this is not proof of absence.

What the rules read

• Shares dilution YoY: 157.04% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• Debt / Equity: 0.56x
• ROE quality: -25.43%
• ROIC: -16.31%
• FCF margin: -17.10%
• Asset Efficiency: 1.50x
• Net income trend: 65.25% (Loss narrowing)
• Revenue CAGR (3Y): 37.73%
• Return on Assets: -12.75%
• Gross margin (industrial): 26.09%
• Debt Maturity Runway: 65% long-term
• Cash Burn Deceleration: -6.97% QoQ improvement (Worsening)

Read from filings through 2026-08-12.

Price as of 2026-09-11.