RONKONKOMA, N.Y., Feb. 03, 2026 (GLOBE NEWSWIRE) -- SUNation Energy Inc. (Nasdaq: SUNE) (“SUNation” or the “Company”), a leading provider of sustainable solar energy and backup power solutions to residential, commercial, and municipal customers, today announced that it has eliminated the remainder of approximately $1.1M (of an original $2.5m) and substantially reduced its monthly repayments related to a long-term debt obligation of its wholly-owned subsidiary SUNation Solar Systems, significantly improving ...

Core Insights - SUNation Energy, Inc. will host a conference call on November 17, 2025, to discuss its third quarter and nine-month results for 2025 [1] - The company reiterated its financial guidance for the full year ending December 31, 2025 [2] Financial Performance - Sales increased by 29% to $19.0 million [6] - Gross profit rose to $7.2 million, with a gross margin improvement to 38% [6] - Net loss narrowed to $0.4 million [6] - Adjusted EBITDA improved to $898,000 [6] - Unrestricted cash rose to $5.4 million, the highest level since 2022 [6] - Total debt declined by 59% from December 31, 2024 [6] Company Overview - SUNation Energy, Inc. focuses on growing local and regional solar, storage, and energy services companies across the U.S. [3] - The company aims to power the energy transition through grassroots growth of solar electricity paired with battery storage [3] - Major markets include New York, Florida, and Hawaii, operating in three states [3]

RONKONKOMA, N.Y., Aug. 05, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it will issue its financial results for the second quarter ended June 30, 2025 on Thursday, August 14, 2025 after the close of the stock market. The Company will host a corresponding conference call on Friday, August 15, 2025 at 9:00 a.m. ET, to discuss the resul ...

RONKONKOMA, N.Y., May 08, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or “the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it will issue its financial results for the first quarter ended March 31, 2025 on Thursday, May 15, 2025 after the close of the stock market. The Company will host a corresponding conference call on Friday, May 16, 2025 at 9:00 a.m. ET, to discuss th ...

RONKONKOMA, N.Y., April 29, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) ("SUNation" or "the Company"), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, announced that it has entered into a new $1.0 million line of credit agreement with MBB Energy, LLC ("MBB"). As previously disclosed in our SEC filings, MBB Energy, LLC is an affiliate and related party of the Company by virtue of MBB being an entity controlled by Scot ...

Core Viewpoint - SUNation Energy, Inc. has successfully completed a securities purchase agreement, raising approximately $20 million in total gross proceeds from institutional investors through two tranches of offerings, which will enhance its financial flexibility and support future growth initiatives [1][2][3] Group 1: Offering Details - The second tranche of the offering involved the sale of 4,347,826 shares of common stock and warrants to purchase up to 17,391,306 shares at an effective price of $1.15 per share, generating gross proceeds of $5 million [1] - Combined with the first tranche, which raised approximately $15 million, the total gross proceeds from the offering amount to approximately $20 million before deducting fees and expenses [2] Group 2: Use of Proceeds - The company plans to utilize the net proceeds from the offering for various purposes, including working capital, strategic transactions, debt obligations, and general corporate purposes [3] - A portion of the proceeds from the first tranche was used to repay $9.4 million in secured loans, significantly improving the company's balance sheet and cash flow [3] Group 3: Company Overview - SUNation Energy, Inc. focuses on expanding its presence in the solar energy sector, providing sustainable energy solutions across the United States, particularly in New York, Florida, and Hawaii [7] - The company aims to power the energy transition through grassroots growth in solar electricity and battery storage, offering a comprehensive product portfolio to homeowners and businesses [7]