SunPower rises on deal to acquire Sunder Energy

ReutersSep 22, 2025 1:04 PM

Shares of residential solar services provider SunPower SPWR.O up ~2% at $1.6 premarket

Company to buy solar company Sunder Energy for $40 million in cash and 10 million shares

SPWR expects acquisition to increase its revenue by $74 million, with $18.5 million of that revenue being generated each quarter, starting in Q4

"The merger will double the number of states we sell in from 22 to 45; multiply our presence in the key solar states of California, Texas and Florida," SunPower CEO T.J. Rodgers says

Deal is expected to close this week

As of last close, stock down ~12% YTD

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