SunPower Closes Cobalt Power Systems Acquisition

Core Insights - SunPower Inc. has completed a $12 million all-equity acquisition of Cobalt Power Systems, enhancing its capabilities in premium renewable energy systems [1][3] - Cobalt will operate as a standalone subsidiary, focusing on residential, new home, multifamily, and commercial projects [2] - The acquisition is expected to generate an additional $30 million in annual revenue for SunPower, addressing rising market demand in California [3] Company Overview - SunPower Inc. is a leading provider of residential solar services in North America, offering digital platforms and installation services for energy-efficient solutions [4]