SUNation Energy and Suniva have signed a definitive reverse merger agreement to combine their businesses, with the combined company expected to operate under the Suniva name and continue SUNation’s listing on the Nasdaq Capital Market.
The transaction is targeted to close in the second half of 2026.
The merger brings together Suniva’s U.S.-based solar cell manufacturing capabilities with SUNation’s established downstream installation, service, and energy solutions businesses in high-electricity-cost markets including New York, Florida, and Hawaii.
Suniva is the only U.S.-owned and operated merchant solar cell manufacturer in the country, with approximately 1 gigawatt (GW) of operating nameplate capacity in Georgia and plans to add 4.5 gigawatts in Laurens County, South Carolina, bringing total annual capacity to more than 5.5 GW.
“We’ve spent the last two years transforming SUNation into a stronger, more disciplined and more resilient platform, and this proposed merger with Suniva is the next logical step in that journey,” said Scott Maskin, Chief Executive Officer of SUNation, in a statement.
The combination aims to strengthen domestic supply chain resilience by pairing Suniva’s American-made solar cells with SUNation’s customer-facing platform and deep installer relationships across the residential and commercial markets.
The U.S. currently has roughly 59 GW of solar module assembly capacity but only approximately 3 GW of operational cell capacity, leaving module makers heavily reliant on imported cells.
The transaction was approved by both companies’ boards and is subject to stockholder approvals, SEC registration, and Nasdaq listing clearance.
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