- SUNation Energy, Inc. (SUNE, Financial) announces a 200-for-1 reverse stock split to maintain its Nasdaq listing.
- Wall Street analysts provide a $1.50 price target, indicating potential downside from current levels.
- GuruFocus estimates project an extraordinary upside, highlighting volatility and opportunity.
SUNation Energy, Inc. (SUNE) is set to implement a significant 200-for-1 reverse stock split, taking effect on April 21, 2025. This strategic move aims to elevate the company's stock price to secure its listing on the Nasdaq. Post-split, the company's outstanding shares will be dramatically reduced from approximately 672.8 million to a mere 3.4 million. Investors can expect the stock to continue trading under its existing ticker symbol, "SUNE".
Wall Street Analysts' Insight
The latest analysis from Wall Street reveals that the one-year price target for SUNation Energy Inc. stands at $1.50, based on evaluations from a single analyst. This forecast remains consistent with both high and low estimates pegged at the same figure. For investors, this average target price indicates a potential downside of 46.24% from the current trading price of $2.79. For more detailed projections, please visit the SUNation Energy Inc (SUNE, Financial) Forecast page.
The brokerage recommendation consensus rates SUNation Energy Inc. as a 3.0, which translates to a "Hold" suggestion. This rating is part of a spectrum that ranges from 1 (Strong Buy) to 5 (Sell), reflecting a cautious approach by analysts.
Impressive Upside Potential According to GuruFocus
According to GuruFocus metrics, the estimated GF Value for SUNation Energy Inc. in one year is an astronomical $411,822.65. This suggests a staggering upside of 14,760,568.46% from the current price of $2.79. The GF Value estimate considers historical trading multiples, past business growth, and anticipated future performance. For more in-depth data, investors are encouraged to explore the SUNation Energy Inc (SUNE, Financial) Summary page.
