SUNation Energy, Inc. is a renewable energy company specializing in designing and installing solar energy systems for residential and small commercial customers, with ongoing financial challenges and recent expansion through acquisition.

# Company Overview: SUNation Energy, Inc.

**Business Focus:**  
SUNation Energy, Inc. is involved in providing solar energy solutions, including solar photovoltaic (PV) systems and energy storage systems, primarily for residential and small commercial customers. Their core business revolves around designing, installing, and maintaining solar energy systems to promote renewable energy use.

**Operations and Key Facts:**  
- **Number of Employees:** The exact number of employees is not specified in the provided document.
- **Number of Customers:** The total number of customers is not explicitly stated.
- **Revenue and Income:**  
  - The company experienced significant financial losses, with a net loss of approximately \$15.85 million in 2024, compared to losses of about \$8.13 million in 2023 and \$10.35 million in 2022.
  - The financial performance indicates ongoing challenges, with no revenue figures provided in the excerpt.

**Corporate activities and acquisitions:**  
- The company acquired SUNation Solar Systems, Inc. along with five affiliated entities in November 2022 for a purchase price of approximately \$18.44 million, which included cash, promissory notes, and stock issuance.  
- The acquisition aimed to expand its footprint in the solar energy installation sector, primarily targeting residential and small commercial markets.

**Additional Details:**  
- The company is publicly traded on the Nasdaq Stock Market under the symbol **SUN** (Nasdaq: SUNE).  
- As of April 28, 2025, there were approximately 3.4 million shares of common stock outstanding.  
- The company’s market value of shares held by non-affiliates was approximately \$9.67 million as of June 30, 2024.

**Summary:**  
SUNation Energy, Inc. is a renewable energy company specializing in solar energy system design and installation for residential and small commercial clients. It has gone through significant financial difficulties, reflected in substantial net losses over recent years, and has expanded through acquisitions, including the purchase of SUNation Solar Systems, Inc. The company’s operations are focused on promoting solar energy adoption with an emphasis on supporting renewable energy infrastructure in targeted markets.

Pineapple Energy Inc. is a Minnesota-based company that specializes in solar energy solutions and services, focusing on the residential market to provide sustainable energy resources.

# Pineapple Energy Inc. Overview

**Business Focus:**
Pineapple Energy Inc. is a Minnesota-based company specializing in providing solar energy solutions and services, primarily targeting the residential market. The company focuses on renewable energy, particularly solar energy installations, battery storage systems, and related technologies to enable homeowners to harness sustainable energy resources.

**Services Offered:**
- **Solar Panel Installation:** Pineapple Energy offers design, installation, and maintenance services for residential solar systems, helping homeowners reduce energy costs and transition to renewable energy.
- **Battery Storage Solutions:** The company provides energy storage options, allowing customers to store excess energy generated from solar panels for later use, thus enhancing energy independence and reliability.
- **Energy Efficiency Solutions:** Pineapple Energy also educates homeowners about energy-efficient practices and products, contributing further to reduced energy consumption and costs.

**Customer Base:**
- **Number of Customers:** Pineapple Energy serves a growing number of customers, primarily homeowners interested in renewable energy solutions, although the precise number of active customers is not disclosed in the available information.

**Employee Count:**
- **Number of Employees:** The company employs a diverse team, including project managers, installation specialists, sales representatives, and support staff, reflecting its commitment to delivering high-quality services. The exact number of employees is not specified.

**Financial Performance:**
- **Revenue:** In the fiscal year ended December 31, 2023, Pineapple Energy reported revenue of approximately **$17 million**. This figure demonstrates the company's growth trajectory post-merger with Communications Systems, Inc. in March 2022, significantly enhancing its market presence and operational capacity.
- **Income:** Pineapple Energy reported a net loss of approximately **$12 million** in 2023. This loss is attributable to ongoing investments and expansions in the renewable energy sector as the company scales its operations and enhances its customer service capabilities.

**Strategic Vision:**
Pineapple Energy is focused on leveraging advances in solar technology to provide cost-effective and sustainable energy solutions, contributing to the broader goal of increasing energy independence and reducing reliance on fossil fuels. The company is committed to fulfilling its mission of making clean energy accessible and affordable for homeowners across the United States.

**Recent Developments:**
The company has been actively growing its market footprint and customer base through various strategic initiatives, including enhancing its product offerings, improving customer acquisition strategies, and expanding operational capabilities in solar energy and battery storage solutions.

SUNation Energy, Inc.

10-K / April 30, 2025

10-K / April 29, 2024

10-K / April 30, 2025

Company Overview: SUNation Energy, Inc.