Sunlight Financial Holdings Inc. operates a business-to-business-to-consumer, technology-enabled point-of-sale financing platform that serves residential solar and home improvement contractors in the United States. Its platform is used to provide homeowners secured and unsecured loans, originated by third-party lenders, for the purchase and installation of residential solar energy systems and other home improvements. The company was incorporated in 2014 and is based in New York, New York.
IPO Year: 2021
Exchange: NYSE
Website: sunlightfinancial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/13/2023 | $4.00 → $1.60 | Outperform → Neutral | Credit Suisse |
| 9/29/2022 | $10.00 → $2.50 | Buy → Neutral | ROTH Capital |
| 9/29/2022 | $4.00 → $2.00 | Buy → Sell | Citigroup |
| 11/16/2021 | $8.00 → $9.00 | Overweight | Barclays |
| 10/20/2021 | $8.00 | Overweight | Barclays |
| 10/4/2021 | $9.00 | Outperform | Credit Suisse |
| 10/4/2021 | $6.00 | Overweight | Piper Sandler |
Credit Suisse downgraded Sunlight Financial from Outperform to Neutral and set a new price target of $1.60 from $4.00 previously
ROTH Capital downgraded Sunlight Financial from Buy to Neutral and set a new price target of $2.50 from $10.00 previously
Citigroup downgraded Sunlight Financial from Buy to Sell and set a new price target of $2.00 from $4.00 previously
Barclays reiterated coverage of Sunlight Financial with a rating of Overweight and set a new price target of $9.00 from $8.00 previously
Barclays initiated coverage of Sunlight Financial with a rating of Overweight and set a new price target of $8.00
Credit Suisse initiated coverage of Sunlight Financial with a rating of Outperform and set a new price target of $9.00
Piper Sandler initiated coverage of Sunlight Financial with a rating of Overweight and set a new price target of $6.00
Under leadership of new CEO Barrett Boston, funding will help expand Plate IQ's VendorPay network and footprint across new industries with holistic and vertically purpose-built solutions Plate IQ, the leading restaurant and hospitality accounts payable (AP) automation and payments platform, announced today that it has raised $160 million in Series B funding from FTV Capital, a sector-focused growth equity investment firm. With this new funding Plate IQ will accelerate efforts to close the supply chain gap between operators and vendors with its AP automation and payments network. Plate IQ also announced the appointment of Barrett Boston, former chief revenue officer of Trinet (NYSE:TNET), t
First-of-its-kind integration streamlines back-end operations by enabling automated submission of post-sale documents from installers' CRMs to Sunlight's portal, Orange® Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale finance company and Bodhi®, a leading solar customer experience platform, today announced a new partnership through which solar installers are empowered to automatically submit the post-sale documents Sunlight requires via an integration between Sunlight's technology portal, Orange®, and Bodhi's digital customer experience platform, Bodhi® Pro. "Sunlight Financial's new partnershi
Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale finance company, today announced that its Board of Directors approved a 1-for-20 reverse stock split of the Company's common stock that will become effective at 11:59 p.m. Eastern Time on August 22, 2023. The Company's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange (NYSE) when the market opens on August 23, 2023. The reverse stock split was approved by the Company's stockholders on August 11, 2023 at the Company's annual meeting of stockholders, with authorization to determine the final ratio having been grant
Sunlight Financial Holdings Inc. ("Sunlight Financial," "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale finance company, and Solar Insure, a leading solar monitoring and warranty company for consumers and installers, today announced a strategic partnership. The collaboration will enable Sunlight's installer partners to seamlessly offer homeowners Solar Insure's 30-year monitoring and solar warranty service for residential solar installations. "Thoughtfully assessing risk has always been a strategic focus for Sunlight, as we have maintained the industry's best credit performance through over $8 billion of funded solar loans," said Matt Potere, CEO of S
Sunlight Financial ("Sunlight") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today announced it will release its first quarter 2023 financial results after the market closes on May 15, 2023. Sunlight will hold a conference call to discuss the financial results at 5:30 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight's investor relations website at ir.sunlightfinancial.com. The dial-in number for the conference call is (877) 407-9035 (toll-free) or (215) 268-9889 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at ir.sunlight
- 2022 Funded Loan Volume of $2.9 Billion - - 2022 Total Revenue of $101.1 Million - - 2022 GAAP Net Loss of $(511.9) Million - - 2022 Adjusted EBITDA of $(35.7) Million - - 2022 Adjusted Net Loss of $(22.2) Million - Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale finance company, today announced its results for the fourth quarter and full-year 2022. "While 2022 was a challenging year for the Company and the residential solar industry overall, Sunlight continued to execute on its operational metrics, funding 15% more loans than in 2021, increasing the average solar loan balance to $46
Sunlight Financial ("Sunlight") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today announced it will release its fourth quarter and full year 2022 financial results after the market closes on May 4, 2023. Sunlight will hold a conference call to discuss the financial results at 5:30 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight's investor relations website at ir.sunlightfinancial.com. The dial-in number for the conference call is (877) 407-9035 (toll-free) or (215) 268-9889 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available
Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale finance company, and Demand IQ, a leading provider of solar sales and marketing enablement software, today announced a strategic partnership that will enable homeowners to pre-qualify for financing while shopping for solar online. The integration of Sunlight's technology platform, Orange®, with Demand IQ's interactive lead funnel, Stella™, will facilitate the purchase of residential solar and storage systems. "We're thrilled to pair Sunlight Financial's pre-qualification technology with Demand IQ's lead funnel enablement software to improve the expe
Refinances SVB Credit Facility with New Term Loan that Matures in September 2025 Increases Capacity and Lowers Cost of Existing Warehouse Facility to Support New Loan Originations Extends Maturity of Warehouse Facility from December 2023 to September 2025 Completed Headcount Reduction that Will Result in ~$5 Million of Annualized Savings Announcing Fourth Quarter and Full Year 2022 Results and Filing 10-K in First Half of April Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale finance company, today announced the signing of a commitment and transaction support agreement ("CTSA") with
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 14, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II ("Sunlight" or "the Company") (NYSE:SUNL) investors that a lawsuit filed on behalf of investors that purchased Singularity securities (NYSE:SUNL) between January 25, 2021 to September 28, 2022, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 09, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II ("Sunlight" or "the Company") (NYSE:SUNL) investors that a lawsuit filed on behalf of investors that purchased Singularity securities (NYSE:SUNL) between January 25, 2021 to September 28, 2022, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm
Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale finance company, today announced that its Board of Directors approved a 1-for-20 reverse stock split of the Company's common stock that will become effective at 11:59 p.m. Eastern Time on August 22, 2023. The Company's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange (NYSE) when the market opens on August 23, 2023. The reverse stock split was approved by the Company's stockholders on August 11, 2023 at the Company's annual meeting of stockholders, with authorization to determine the final ratio having been grant
Sunlight Financial ("Sunlight") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today announced it will release its first quarter 2023 financial results after the market closes on May 15, 2023. Sunlight will hold a conference call to discuss the financial results at 5:30 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight's investor relations website at ir.sunlightfinancial.com. The dial-in number for the conference call is (877) 407-9035 (toll-free) or (215) 268-9889 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at ir.sunlight
- 2022 Funded Loan Volume of $2.9 Billion - - 2022 Total Revenue of $101.1 Million - - 2022 GAAP Net Loss of $(511.9) Million - - 2022 Adjusted EBITDA of $(35.7) Million - - 2022 Adjusted Net Loss of $(22.2) Million - Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale finance company, today announced its results for the fourth quarter and full-year 2022. "While 2022 was a challenging year for the Company and the residential solar industry overall, Sunlight continued to execute on its operational metrics, funding 15% more loans than in 2021, increasing the average solar loan balance to $46
Sunlight Financial ("Sunlight") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today announced it will release its fourth quarter and full year 2022 financial results after the market closes on May 4, 2023. Sunlight will hold a conference call to discuss the financial results at 5:30 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight's investor relations website at ir.sunlightfinancial.com. The dial-in number for the conference call is (877) 407-9035 (toll-free) or (215) 268-9889 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available
- 3Q22 Record-High Funded Loan Volume of $835 Million - - 3Q22 Total Revenue up 10% to $33 Million - - 3Q22 GAAP Net Income of $(415) Million - - 3Q22 Adjusted EBITDA of $(27) Million - - 3Q22 Adjusted Net Income of $(26) Million - - Assessing Strategic Alternatives - Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale finance company, today announced its results for the third quarter 2022. "Despite a challenging macro-economic backdrop, Sunlight continued to deliver growth in the third quarter, with funded loan volume of $835 million and 22,470 borrowers served, a significant year-over-year increase
Sunlight Financial ("Sunlight") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today announced it will release its third quarter 2022 financial results after the market closes on November 14, 2022. Sunlight will hold a conference call to discuss the financial results at 5:30 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight's investor relations website at ir.sunlightfinancial.com. The dial-in number for the conference call is (877) 407-9035 (toll-free) or (215) 268-9889 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at ir.sunlig
- 2Q22 Record-High Funded Loan Volume of $716 Million - - 2Q22 Total Revenue up 18% to $31.6 Million - - 2Q22 GAAP Net Income up 8% to $5.7 Million - - 2Q22 Adjusted EBITDA of $6.8 Million - - 2Q22 Adjusted Net Income of $2.3 Million - - 1,472,068 Class A Shares Repurchased as of August 11, 2022 - Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today provided financial results for the second quarter 2022. "I'm proud of Sunlight's strong performance in the second quarter. Despite continued industry challenges with supply chain and labor constraints, we exceeded quarterly records
Sunlight Financial ("Sunlight") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today announced it will release its second quarter 2022 financial results after the market closes on August 15, 2022. Sunlight will hold a conference call to discuss the financial results at 5:30 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight's investor relations website at ir.sunlightfinancial.com. The dial-in number for the conference call is (877) 407-9035 (toll-free) or (215) 268-9889 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at ir.sunligh
Initiates $50 Million Share Repurchase Program - 1Q22 Funded Loan Volume of $593 Million - - 1Q22 Total Revenue up 11% to $30.1 Million - - 1Q22 Net Loss of $(22.6) Million - - 1Q22 Adjusted EBITDA of $7.8 Million - - 1Q22 Adjusted Net Income of $4.9 Million - Sunlight Financial Holdings Inc. ("Sunlight Financial", "Sunlight" or the "Company") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today provided financial results for the first quarter 2022. "We started the year with solid double-digit Total Revenue growth relative to the first quarter of 2021, funded loans exceeding the top end of our guidance range and significant improvements in our total platf
Sunlight Financial ("Sunlight") (NYSE:SUNL), a premier, technology-enabled point-of-sale financing company, today announced it will release its first quarter 2022 financial results after the market closes on Monday, May 16, 2022. Sunlight will hold a conference call to discuss the financial results at 5:30 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight's investor relations website at ir.sunlightfinancial.com. The dial-in number for the conference call is (877) 407-9035 (toll-free) or (215) 268-9889 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at ir.sun
SC 13G/A - Sunlight Financial Holdings Inc. (0001821850) (Subject)
SC 13G - Sunlight Financial Holdings Inc. (0001821850) (Subject)
SC 13G/A - Sunlight Financial Holdings Inc. (0001821850) (Subject)
SC 13G/A - Sunlight Financial Holdings Inc. (0001821850) (Subject)
SC 13G - Sunlight Financial Holdings Inc. (0001821850) (Subject)
SC 13G/A - Sunlight Financial Holdings Inc. (0001821850) (Subject)
SC 13G/A - Sunlight Financial Holdings Inc. (0001821850) (Subject)
SC 13G - Sunlight Financial Holdings Inc. (0001821850) (Subject)
SC 13G/A - Sunlight Financial Holdings Inc. (0001821850) (Subject)
SC 13G/A - Sunlight Financial Holdings Inc. (0001821850) (Subject)
8-K - Sunlight Financial Holdings Inc. (0001821850) (Filer)
8-K - Sunlight Financial Holdings Inc. (0001821850) (Filer)
8-K - Sunlight Financial Holdings Inc. (0001821850) (Filer)
8-K - Sunlight Financial Holdings Inc. (0001821850) (Filer)
25-NSE - Sunlight Financial Holdings Inc. (0001821850) (Subject)
8-K - Sunlight Financial Holdings Inc. (0001821850) (Filer)
8-K - Sunlight Financial Holdings Inc. (0001821850) (Filer)
8-K - Sunlight Financial Holdings Inc. (0001821850) (Filer)
8-K - Sunlight Financial Holdings Inc. (0001821850) (Filer)
10-Q - Sunlight Financial Holdings Inc. (0001821850) (Filer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)
4 - Sunlight Financial Holdings Inc. (0001821850) (Issuer)