Acquisition Overview - SunPower is acquiring Sunder Energy to become the No 5 solar company in the US[26] - The consideration for Sunder is $40 million in cash and 10 million shares valued at $555 million (at $155 per share)[27] Financial Projections & Synergies - Sunder is projected to contribute $74 million in sales revenue in 2025[27] - Sunder's EPC customer revenue is $173 million, with 50% ($865 million) expected to be captured by Q4 2026[27] - Sunder's 2026 revenue contribution is modeled to be $128 million, including $74 million from sales and $54 million from EPC[27] - The acquisition is expected to increase SunPower's revenue per employee from $333K to $4201 million per year[46, 48] Sales & Market Expansion - Sunder brings a sales force of 893 salespeople, doubling SunPower's sales force to 1,734[42] - The acquisition expands SunPower's coverage from 22 to 45 states[39, 42] - Sunder's revenue per install is $40,000, higher than the industry average and SunPower's $35,000[42] - Sunder's order/install yield is 55%, better than the industry average and SunPower's 45%[42] Strategic Goals - SunPower aims to grow from $300 million in 2025 to $1 billion in 2028[49] - SunPower projects Q3 2025 revenue of $70 million and aims to grow to $250 million by Q3 2028[49] - SunPower anticipates achieving record revenue in Q4 2025 with the help of Sunder[58]