SUNE (SUNation Energy) Retained Earnings : $-36.08 Mil (As of Sep. 2024)

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What is SUNation Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SUNation Energy's retained earnings for the quarter that ended in Sep. 2024 was $-36.08 Mil.

SUNation Energy's quarterly retained earnings declined from Mar. 2024 ($-25.85 Mil) to Jun. 2024 ($-32.78 Mil) and declined from Jun. 2024 ($-32.78 Mil) to Sep. 2024 ($-36.08 Mil).

SUNation Energy's annual retained earnings declined from Dec. 2021 ($-8.74 Mil) to Dec. 2022 ($-19.09 Mil) and declined from Dec. 2022 ($-19.09 Mil) to Dec. 2023 ($-27.08 Mil).

SUNation Energy Retained Earnings Historical Data

The historical data trend for SUNation Energy's Retained Earnings 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.

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SUNation Energy Retained Earnings Chart

SUNation Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-8.74

-19.09

-27.08

SUNation Energy Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial										-25.45	-27.08	-25.85	-32.78	-36.08

SUNation Energy Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

SUNation Energy (NAS:SUNE) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

SUNation Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SUNation Energy Inc (NAS:SUNE) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

10900 Red Circle Drive, Minnetonka, MN, USA, 55343

Website

https://www.pineappleenergy.com

SUNation Energy Inc formerly Pineapple Energy Inc provides households with sustainable solar energy, back-up power and security, control and predictability, and cost savings. The company provides a full range of installation services, including the 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.

Executives

Roger Hd Lacey	director	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Scott Maskin	director	40 GRASSMERE AVENUE, OAKDALE NY 11769
Eric Ingvaldson	officer: CHIEF FINANCIAL OFFICER	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Tom Holland	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Randall D Sampson	director	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Scott Honour	director	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Northern Pacific Growth Investment Advisors, Llc	10 percent owner	315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Michael R. Zapata	director	2765 NW NICOLAI STREET, PORTLAND OR 97210
Kyle Udseth	director, officer: CHIEF EXECUTIVE OFFICER	NORTHERN PACIFIC GROUP, 315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Marilyn S. Adler	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Mike Siegler	officer: Senior Vice President	10900 RED CIRCLE DR., MINNETONKA MN 55343
Anita Kumar	director, officer: President/CEO	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Steven Webster	director	4901 ARDEN AVE., EDINA MN 55424
Richard A Primuth	director
Scott Fluegge	officer: VP	12946 66TH ST N, WEST PALM BEACH FL 33412