SUNation Surges Premarket After Announcing Suniva Merger, Pushing Solar Startup Toward Nasdaq Manufacturing
SUNation Energy shares jumped more than 100% premarket on Monday. The solar installer said it plans to merge with Suniva, a private U.S. solar-cell maker, in a reverse merger that would move SUNation’s public listing focus to domestic manufacturing. The stock traded at $2.995 in premarket, up from its $1.13 close Friday on Nasdaq. Premarket volumes are often light, and price swings can be big. Shares were up 165% according to MarketScreener at 08:02 EDT.
