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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