Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 33

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 33
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 supplement. See “Use of Proceeds” on page 13 of this prospectus.              |
| Risk factors                    |     | See “Risk Factors” on page 4 and the other information included or incorporated by reference in this prospectus,                      
 and the accompanying prospectus for a discussion of certain factors you should carefully consider before deciding to invest in shares 
 of our common stock.                                                                                                                  |

<div align='center'>3

RISK FACTORS</div>

Investment in any securities offered pursuant to this prospectus and such subsequent applicable prospectus supplement related to this registration statement involves a high degree of risk. You should carefully consider the risk factors included in, or incorporated by reference into, this prospectus, as updated by our subsequent filings under the Exchange Act, including our annual report on Form 10-K and our quarterly reports on Form 10-Q, and the risk factors and other information contained therein and in the applicable prospectus supplement before acquiring any of such securities. Additional risks and uncertainties not presently known to us or that are currently not believed to be significant to our business may also affect our actual results and could harm our business, financial condition and results of operations. The occurrence of any of these risks might cause you to lose all or part of your investment in the offered securities.

Risks Related to This Offering and Our Common Stock

The market price for our common stock has experienced significant price and volume volatility and is likely to continue to experience significant volatility in the future, which may cause the value of any investment in our common stock to decline.

Our stock price and the stock prices of companies
similar to us have been highly volatile. In addition, stock markets generally have recently experienced volatility. Our stock price has
experienced significant price and volume volatility, and our stock price is likely to experience significant volatility in the future.
The price of our common stock may decline and the value of any investment in our common stock may be reduced regardless of our performance.
Further, the daily trading volume of our common stock has historically been relatively low. As a result of the low volume, our shareholders
may be unable to sell significant quantities of common stock in the public trading markets without a significant reduction in the price
of our common shares. The trading price of our common stock may be influenced by factors beyond our control, such as the volatility of
the financial markets in general, including in reaction to the ongoing COVID-19 pandemic, uncertainty surrounding the U.S. economy, conditions
and trends in the markets we serve, changes in the estimation