SUNation Energy (SUNE, Financial) has entered into Letters of Intent with Energy Systems Group to implement solar power systems at two school districts located on Long Island. These projects aim to generate a total capacity of over 2.35 megawatts (MW) and are expected to supply 3 megawatt hours of clean energy across ten buildings, significantly reducing each district's reliance on conventional energy sources.
The first project focuses on a prominent Long Island school district, involving the installation of rooftop solar arrays on seven educational and facility buildings. The combined capacity for this setup is projected to reach 1.3 MW, producing approximately 1,687,723 kilowatt-hours (kWh) annually. This output is anticipated to offset about 75.85% of the district's energy consumption.
The second initiative targets another Long Island school district, encompassing three buildings with a total solar generation potential of 1.057 MW. These rooftop solar arrays are designed to produce around 1,371,712 kWh per year, which would cover approximately 87.3% of the district's energy needs.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for SUNation Energy Inc (SUNE, Financial) is $1.50 with a high estimate of $1.50 and a low estimate of $1.50. The average target implies an downside of 46.24% from the current price of $2.79. More detailed estimate data can be found on the SUNation Energy Inc (SUNE) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, SUNation Energy Inc's (SUNE, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SUNation Energy Inc (SUNE, Financial) in one year is $411822.65, suggesting a upside of 14760568.46% from the current price of $2.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SUNation Energy Inc (SUNE) Summary page.
