SUNation Energy to cut debt by $1.2 million through stock conversion

Go back to SUNation Energy to cut debt by $1.2 million through stock conversion

SUNation Energy Announces Reduction in Long-Term Debt by Approximately $1.2 Million

April 15, 2026 9:35 AM EDT

Transaction intended to lower leverage and reduce future cash obligations and better align its capital structure

Expected to retire approximately $1.2 million of long-term debt

RONKONKOMA, N.Y., April 15, 2026 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (SUNation or the Company), a leading provider of residential and commercial solar energy systems, battery storage solutions, and comprehensive energy services, today announced that its Board of Directors has approved, subject to final documentation and customary closing conditions, a partial conversion of certain outstanding long-term debt into... More