SUNE (SUNation Energy) Piotroski F-Score: 6 (As of Jun. 28, 2026) — 20% Above Median


SUNE SUNation Energy Inc SUNE
34 GF Score
Price $2.47
! 4 Warning Signs
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What is SUNation Energy Piotroski F-Score?

SUNation Energy SUNE -2.38% 34 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SUNE with a GF Score™ of 34/100. The stock has 4 warning signs investors should review. Among 990 Semiconductors companies, SUNation Energy ranks better than 80.1% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SUNation Energy has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for SUNation Energy's Piotroski F-Score or its related term are showing as below:

SUNE' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 6 years, the highest Piotroski F-Score of SUNation Energy was 7. The lowest was 3. And the median was 5.

SUNation Energy  (NAS:SUNE) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


SUNation Energy Piotroski F-Score Related Terms


SUNation Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SUNation Energy's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SUNation Energy Piotroski F-Score Chart

SUNation Energy Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 5.00 3.00 7.00

SUNation Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 5.00 5.00 7.00 6.00

SUNE vs MAXNQ, APWL, GSLR: Piotroski F-Score Comparison

For the Solar subindustry, SUNation Energy's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SUNation Energy Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, SUNation Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SUNation Energy's Piotroski F-Score falls into.


SUNE
34GF Score
SUNation Energy Inc SUNE
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -9.607 + -0.393 + 2.604 + -4.091 = $-11.49 Mil.
Cash Flow from Operations was -0.13 + 2.387 + 2.101 + -5.164 = $-0.81 Mil.
Revenue was 13.064 + 18.994 + 27.211 + 7.194 = $66.46 Mil.
Gross Profit was 4.84 + 7.212 + 11.062 + 1.591 = $24.71 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(44.428 + 44.13 + 49.607 + 48.244 + 40.12) / 5 = $45.3058 Mil.
Total Assets at the begining of this year (Mar25) was $44.43 Mil.
Long-Term Debt & Capital Lease Obligation was $6.19 Mil.
Total Current Assets was $9.05 Mil.
Total Current Liabilities was $12.56 Mil.
Net Income was -6.934 + -3.299 + -6.82 + -3.496 = $-20.55 Mil.

Revenue was 13.549 + 14.718 + 15.375 + 12.637 = $56.28 Mil.
Gross Profit was 4.792 + 5.236 + 5.593 + 4.431 = $20.05 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(54.654 + 52.854 + 50.999 + 45.713 + 44.428) / 5 = $49.7296 Mil.
Total Assets at the begining of last year (Mar24) was $54.65 Mil.
Long-Term Debt & Capital Lease Obligation was $9.35 Mil.
Total Current Assets was $10.55 Mil.
Total Current Liabilities was $20.27 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SUNation Energy's current Net Income (TTM) was -11.49. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SUNation Energy's current Cash Flow from Operations (TTM) was -0.81. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=-11.487/44.428
=-0.25855316

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-20.549/54.654
=-0.37598346

SUNation Energy's return on assets of this year was -0.25855316. SUNation Energy's return on assets of last year was -0.37598346. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

SUNation Energy's current Net Income (TTM) was -11.49. SUNation Energy's current Cash Flow from Operations (TTM) was -0.81. ==> -0.81 > -11.49 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=6.193/45.3058
=0.13669332

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=9.347/49.7296
=0.18795647

SUNation Energy's gearing of this year was 0.13669332. SUNation Energy's gearing of last year was 0.18795647. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=9.05/12.559
=0.72059877

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10.545/20.274
=0.5201243

SUNation Energy's current ratio of this year was 0.72059877. SUNation Energy's current ratio of last year was 0.5201243. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

SUNation Energy's number of shares in issue this year was 3.407. SUNation Energy's number of shares in issue last year was 0.033. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=24.705/66.463
=0.37171058

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=20.052/56.279
=0.35629631

SUNation Energy's gross margin of this year was 0.37171058. SUNation Energy's gross margin of last year was 0.35629631. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=66.463/44.428
=1.49597101

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=56.279/54.654
=1.0297325

SUNation Energy's asset turnover of this year was 1.49597101. SUNation Energy's asset turnover of last year was 1.0297325. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+1+1+1+0+1+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SUNation Energy has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
SUNation Energy (SUNE) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SUNation Energy and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, SUNation Energy's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, SUNation Energy ranks #197 out of 990 companies in the Semiconductors industry, placing it in the top 19.9%.
Is SUNation Energy's Piotroski F-Score too high?
SUNation Energy's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. SUNation Energy's value of 6 is 20% above this industry median. Based on the distribution chart, SUNation Energy ranks #197 out of 990 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, SUNation Energy has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does SUNation Energy's Piotroski F-Score compare to MAXNQ and APWL?
According to the Semiconductors industry distribution chart, SUNation Energy ranks #197 out of 990 companies for Piotroski F-Score. This places SUNation Energy in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. SUNation Energy's value of 6 is 20% above this benchmark. Historically, SUNation Energy's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, SUNation Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SUNation Energy's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SUNation Energy and its competitors. For the Semiconductors industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SUNation Energy's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SUNation Energy stock overvalued right now?
SUNation Energy (SUNE) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Semiconductors industry median of 5.00. SUNation Energy's overall GF Score™ is 34/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For SUNation Energy (SUNE), the current Piotroski F-Score is 6 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SUNation Energy Business Description

Address 171 Remington Boulevard, Ronkonkoma, NY, USA, 11779
SUNation Energy Inc provides households with sustainable solar energy, backup power and security, control and predictability, and cost savings. The company provides a full range of installation services, including design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring, and maintenance of residential solar energy systems. It also offers battery storage to customers in select markets and serves a limited number of enterprise customers. The company's operating segments are: SUNation NY and HEC. Maximum revenue is generated from the SUNation NY segment, which provides solar power, battery storage, and related services to customers in New York. The Hawaii Energy Connection (HEC) segment caters to residential and commercial customers in Hawaii.
34GF Score

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