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OREM, Utah, Nov. 24, 2025 (GLOBE NEWSWIRE) -- SunPower Inc. (Nasdaq: SPWR) today announced that it received a deficiency notification letter from the Listing Qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) on November 19, 2025 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because it did not timely file its Quarterly Report on Form 10-Q for the quarter ended September 28, 2025 (the “Q3 Form 10-Q”). The Listi ...

Core Points - SunPower Inc. announced inducement grants to two key employees of Ambia Energy as part of its acquisition strategy [1][2] - The inducement grants consist of 2.0 million restricted stock units (RSUs) of SunPower common stock, with a vesting schedule over five years [1] - The RSUs are subject to accelerated vesting if the employment is terminated by the Company without cause [1] Summary by Sections Inducement Grants - The inducement grants were made to attract key employees from Ambia Energy following its acquisition by SunPower [1][2] - The total amount of RSUs granted is 2.0 million shares, with 20% vesting after one year and the remainder vesting in equal monthly installments until the fifth anniversary [1] Company Overview - SunPower is a leading residential solar services provider in North America, focusing on energy-efficient solutions for customers [3]

OREM, Utah, Nov. 24, 2025 (GLOBE NEWSWIRE) -- SunPower Inc. (herein “SunPower,” the “Company,” or Nasdaq: “SPWR”) a solar technology, services, and installation company, today announced that it has closed its $37.5 million strategic acquisition of Ambia Solar (“Ambia”) to create the No. 5 U.S. residential solar company, based on Ohm Analytics rankings. SunPower CEO T.J. Rodgers said, “Due to our quick closing of the acquisition, we are raising our Q4’25 quarterly revenue estimate to $88 million. We still ex ...

格隆汇11月12日｜住宅太阳能服务提供商SunPower签署非约束性意向书(LOI)，以3750万美元的股权收 购总部位于犹他州的Ambia Solar。该交易预计将在第四季度完成。 ...

Core Viewpoint - SunPower has announced the acquisition of Ambia Solar for $37.5 million, which is expected to enhance its revenue and operational efficiency, with anticipated revenue contributions starting in Q1'26 [1][2]. Company Overview - SunPower is a leading residential solar services provider in North America, focusing on solar technology, services, and installation [5]. - Ambia Solar is ranked as the 19th U.S. solar company by installed megawatts and has been recognized as the 140th fastest growing company in the U.S. by Inc. Magazine [6]. Acquisition Details - The acquisition is structured as a non-binding letter of intent, with a closing expected in Q4'25, subject to customary conditions [1][12]. - Ambia's projected revenue for 2025 is $83.6 million, while SunPower's is forecasted at $303.4 million [1]. Leadership and Operational Synergies - Conner Ruggio, Ambia's CEO, will lead SunPower's Blue Raven division post-acquisition, aiming to streamline operations and reduce costs [2]. - The integration of operations is expected to improve operational performance, with Ambia achieving a median order-to-install cycle time of 41.6 days and a customer NPS score of 71 [2]. Market Context - The U.S. residential solar industry is projected to install 11 gigawatts (approximately $28 billion) in 2025 and 2026, with a consolidation trend due to a forecasted 13% reduction in the ITC [2]. - The acquisition is seen as a strategic move to capitalize on market opportunities and enhance SunPower's competitive position [2].

Core Insights - SunPower Inc. has successfully integrated the Sunder salesforce, which is expected to contribute to achieving record revenue of $83.3 million and operating income of $3.5 million in Q4 2025 [1][2] Company Performance - The integration of Sunder's salesforce has been seamless, allowing SunPower to continue executing its business plan effectively [2] - The company anticipates significant growth in 2026, focusing on states with the highest potential [2] Sales Force Expansion - SunPower has onboarded 266 new sales representatives following the merger with Sunder Energy, indicating strong interest in joining the company [2] - The company emphasizes the importance of a competent and well-managed sales team to succeed in the solar industry [2] Upcoming Events - SunPower will participate in several conferences in the second half of 2025, including the Baird Industrials Conference and the Jefferies Renewables & Clean Energy Conference [3][7]

Oct 23, 2025 2:00 PM Eastern Daylight Time Halper Sadeh LLC Encourages SunPower Corporation Shareholders to Contact the Firm to Discuss Their Rights Share Shareholders should contact the firm immediately as there may be limited time to enforce your rights. NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of SunPower Corporation (NASDAQ: SPWR) breached their fiduciary duties to shareholders. If you currently own SunPower stock a ...

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Core Insights - SunPower forecasts record revenue and operating income for Q4'25, expecting revenue to reach $83.3 million and operating income to be $3.56 million, both representing new highs for the company [9][21] - The company reported Q3'25 revenue of $70.0 million, an increase from $67.5 million in Q2'25, with a gross profit of $32.04 million and a gross margin of 46% [4][6] - SunPower has achieved three consecutive profitable quarters, with a projected total revenue of $303 million for 2025 and an estimated operating income of $12.0 million [9][21] Financial Performance - Q3'25 GAAP revenue was $70.0 million, up from $67.5 million in Q2'25, while non-GAAP operating income was $3.12 million, compared to $2.42 million in Q2'25 [4][6] - Operating expenses increased to $34.38 million in Q3'25 from $31.48 million in Q2'25, with a cash balance of $4.11 million at the end of Q3'25 [4][6] - The company expects Q1'26 operating income to be no less than $2.0 million, indicating continued profitability into 2026 [9] Strategic Initiatives - The acquisition of Sunder Energy has expanded SunPower's operational footprint from 22 to 45 states and increased its dealer salesforce from 881 to 1,744 [21][22] - The company anticipates a more than 2x increase in bookings in Q4'25 due to the Sunder acquisition, which is expected to enhance revenue growth [21] - SunPower has implemented cost-control measures, including reducing headcount to 829 employees, down from 3,499, to improve operational efficiency [14][16] Market Positioning - SunPower's current stock valuation is at 0.53 times sales, significantly lower than peer ratios of approximately 2.0 times sales, presenting a potential investment opportunity [18] - The company is addressing misinformation in the market that affects its share price, particularly regarding outdated data from previous iterations of the company [19][20] - The integration of Sunder's sales management team is expected to enhance SunPower's growth capabilities, with a unified salesforce now in place [22]