Sungevity's plans for a reverse merger with shell company Easterly Acquisition Corp were scuppered after investors doubted the value of solar following Donald Trump's election. The President-elect has publicly bashed the technology, branding it "so expensive".
This week's Movers & Shakers features some of the US' biggest integrated solar companies, including Vivint Solar, First Solar and Sungevity. PV Tech also reports on management shuffles in Australia and speaks with new SunShot Initiative director Charlie Gay on what is driving US solar's success.
Technology solutions provider Sungevity and Easterly Acquisition Corp. have entered into a definitive merger agreement that will see Sungevity list its shares as a public company in an attempt to spur growth and tap into a new base of customers.