SUNE News & Events

SUNation Energy announced it will make a final cash distribution to holders of non-transferable contingent value rights, or CVR, of 12c per CVR. The result of this final payment is that there will remain no future payments due. The CVRs were issued in connection with the 2022 merger of Communications Systems and Pineapple Energy. The total final payment is expected to be approximately $276K and is expected to commence on or about December 5. CEO Scott Maskin stated the payment "further simplifies our capital structure."

Total sales are expected to rise to $65 million to $70 million, a projected increase of between 14% and 23% from total sales of $56.9 million in 2024.

Reports Q3 revenue $18.99M vs $14.72M last year. "Our third quarter results reflected increased residential demand for solar and battery storage due to sweeping changes in tax credits associated with the passage of the One Big Beautiful Bill Act (OBBBA) earlier this year," said Scott Maskin, Chief Executive Officer. "This new legislation has accelerated near-term solar adoption in our markets, while dramatically changing and likely adding additional challenges to the long-term industry landscape. We are focused on the opportunities and continue to prepare for what lies ahead."

Based on current business conditions and estimated outlook, the Company is reiterating its previously issued financial guidance for the full year ending December 31, 2025: Total sales are expected to rise to $65M to $70N, a projected increase of between 14% and 23% from total sales of $56.9M in 2024. Adjusted EBITDA is expected to improve to $0.5M to $0.7M from an Adjusted EBITDA loss in 2024.