SUNation Energy (SUNE) reported second-quarter 2026 sales of $8.2 million, down 38% from a year earlier, as residential solar demand declined after the expiration of the Section 25D federal tax credit. Net loss was $3.34 million, compared with $9.61 million in the prior-year quarter.
The company said commercial, service and storage activity partly offset residential weakness, while operating expenses fell 24% year over year. SUNation also said its proposed reverse merger with Suniva is currently targeting a fourth-quarter 2026 closing, subject to customary conditions and approvals.
- Second-quarter sales were $8.2 million, compared with $13.1 million a year earlier.
- Basic and diluted net loss per share was $0.52, compared with $3.14 in the second quarter of 2025.
- Commercial revenue rose to $1.72 million from $1.40 million a year earlier.
- Total operating expenses were $5.31 million, down from $7.00 million in the prior-year quarter.
- Cash and cash equivalents were $3.1 million at June 30, 2026.
- Total liabilities were $20.4 million at June 30, 2026, down 15% from Dec. 31, 2025.
- SUNation entered a merger agreement with Suniva on June 5 and expects to change its name to Suniva after closing.
$SUNE Insider Trading Activity
$SUNE insiders have traded $SUNE stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SUNE stock by insiders over the last 6 months:
- SCOTT MASKIN (Chief Executive Officer) purchased 554,712 shares for an estimated $981,840
- JAMES ROBERT BRENNAN (Chief Financial Officer) purchased 123,254 shares for an estimated $218,159
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SUNE Hedge Fund Activity
We have seen 9 institutional investors add shares of $SUNE stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HRT FINANCIAL LP added 131,721 shares (+inf%) to their portfolio in Q1 2026, for an estimated $289,786
- RENAISSANCE TECHNOLOGIES LLC added 92,515 shares (+inf%) to their portfolio in Q1 2026, for an estimated $203,533
- CITADEL ADVISORS LLC removed 43,539 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $95,785
- JANE STREET GROUP, LLC added 29,694 shares (+inf%) to their portfolio in Q1 2026, for an estimated $65,326
- UBS GROUP AG added 27,415 shares (+716.9%) to their portfolio in Q1 2026, for an estimated $60,313
- GSA CAPITAL PARTNERS LLP added 22,811 shares (+151.7%) to their portfolio in Q2 2026, for an estimated $53,833
- DRW SECURITIES, LLC removed 20,273 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $44,600
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
