SUNation Energy Inc. (SUNE) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, SUNE scores 55 out of 100, a D+ grade under the verdict "Roarable Sell — Weak Fundamentals / Trim." Across the five pillars, the Fundamental Cash Engine scores 12 of 20, reflecting ROIC of -7.7% and an FCF yield of 6.92%; for a prospective investor, this indicates the business is not yet earning returns above its cost of capital, though the free cash flow yield is positive. Whale/13F Flow scores 6 of 20, the weakest pillar, pointing to limited institutional accumulation and options positioning support in the source data. Insider Conviction scores 11 of 20, based on SEC Form 4 and Congressional PTR cluster flow, suggesting modest insider signaling. Macro Regime Fit scores 13 of 20 with a Beta of 1.0 and a sector sensitivity assessment, meaning the stock tracks broad market movement without a clear defensive cushion. Forensic Balance Sheet scores 13 of 20, supported by an Altman Z-Score of 2.5, a Piotroski F-Score of 7/9, and a Debt/Equity ratio of 0.5. Taken together, the rating frames SUNE as a speculative, fundamentally weak name where upside would depend on a turnaround in profitability and institutional interest, while valuation tradeoffs remain difficult to assess because P/E and EV/EBITDA are not available in source data.

SUNation Energy Inc. is a NASDAQ-listed company classified in the Consumer Discretionary sector and the Engineering & Construction industry, per the profile section. The source data does not describe its specific products, customers, or revenue model beyond these classifications. Per the SEC financials, the company reported revenue of $71.9M in FY 2025, $56.9M in FY 2024, and $79.6M in FY 2023. Not available in source data for detailed monetization description.

Per the market data, gross margin is 38.3%, operating margin is -2.3%, and net margin is -15.1%, with ROIC at -7.7%. Per the Roarable RQD rating, the Altman Z-Score is 2.5, the Piotroski F-Score is 7/9, and Debt/Equity is 0.5. Operating income improved from -$12.3M in FY 2024 to -$1.7M in FY 2025, and free cash flow turned positive at $1.0M in FY 2025 after negative values in the prior two periods. Cash rose to $7.2M in FY 2025 from $0.8M in FY 2024.

• Merger registration (RISK WATCH, RED): A headline reports a confidential submission of a draft Form S-4 in connection with a proposed merger with Suniva, flagged as a risk watch item in the news feed.
• Affiliate credit line (MARKET WIRE, YELLOW): A report states an affiliate credit line was extended while the merger awaits a vote.
• Draft registration filing (MARKET WIRE, YELLOW): A report covers the submission of a draft merger registration with the SEC.
• Price action (MARKET WIRE, YELLOW): A report describes the stock slipping 5.09% to $2.05 toward lower support on an EMA signal; the market data shows the current price of 2.12 with a change of 8.72%.
• Butterfly Supply-Chain Graph: Per the graph, no supply chain is recorded (supply_chain: NONE), and no butterfly links or proprietary signals are present.

• What is the terms and status of the proposed merger with Suniva, and what would the combined entity's financial profile look like?
• What are the company's specific products, customers, and revenue drivers behind the reported $71.9M in FY 2025 revenue?
• What is the current EPS and valuation multiple profile, given that P/E, forward P/E, EV/EBITDA, and EPS are not available in source data?
• What is the debt structure, given that debt is listed as N/A across all reported periods despite a Debt/Equity ratio of 0.5?
• What is the terms and size of the affiliate credit line, and what dependence does the company have on affiliate financing?