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SPWR Signs LOI to Acquire Cobalt Power Systems
Globenewswire· 2026-01-16 13:00
Silicon Valley’s Premier Solar CompanyOREM, Utah, Jan. 16, 2026 (GLOBE NEWSWIRE) -- SunPower Inc. (herein the “Company” or Nasdaq: “SPWR”), a solar technology, services, and installation company, today announced it has signed an LOI for an all-equity transaction to acquire Cobalt Power Systems (“Cobalt”) of Mountain View, California, a company with $35 million in revenue and 96 employees. SunPower CEO, T.J. Rodgers, said, “Cobalt is famous here for designing and installing solar systems for Silicon Valley m ...