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Feb 4, 2026 4:00 AM

What Sparked Sunation Energy (SUNE) Shares To Surge Nearly 50% After Hours?

Sunation Energy Inc. (NASDAQ:SUNE) rose 49.35% in after-hours trading on Tuesday to $1.17, following the company's announcement that it had eliminated approximately $1.1 million in remaining long-term debt.

According to Benzinga Pro data, the stock closed the regular session at $0.78, down 14.24%.

Company Negotiates Settlement, Cuts Monthly Payments By $20,000

Sunation Energy reached an $800,000 lump-sum settlement to retire a promissory note from an April 2021 shareholder buyout agreement.

According to the solar energy provider, the settlement cut the principal obligation by about $335,000 and lowered monthly payments from $25,000 to roughly $5,000, providing $20,000 in monthly savings through the note's original 2031 maturity.

Management Cites Strategic ...