SUNation Surges Premarket After Announcing Suniva Merger, Pushing Solar Startup Toward Nasdaq Manufacturing
SUNation Energy soared 165% to $2.995 premarket after announcing a reverse merger with Suniva, shifting its Nasdaq listing to focus on U.S. solar cell manufacturing, but pre-merger SUNation holders would own just 1.8% of the combined company, facing heavy dilution and execution risk as the deal awaits approvals and a 2026 close.