◆ NeutralSUNE
Why Is SUNation Energy Stock Gaining Monday?
Benzinga·
SUNation Energy and Suniva announced a definitive reverse merger agreement to combine solar manufacturing and installation operations. The deal values SUNation shareholders' equity at $2.26 per share, representing a ~100% premium to the latest closing price. The combined company will operate under the Suniva name while maintaining Nasdaq listing, expected to close in H2 2026. SUNation shares surged 169.91% to $3.045 on the news.
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