Feb. 3 at 6:52 PM
$SPWR SunPower Closes Cobalt Power Systems Acquisition, The Premium Silicon Valley Solar Installer, Feb 3, 2026:
“SunPower… today announced that it has closed its
$12 million all-equity strategic acquisition of Cobalt Power Systems (“Cobalt”) headquartered in Mountain View, California.
Cobalt will continue to operate as a standalone subsidiary company with common financial, HR and administrative practices, focused on big premium renewable energy systems, across residential, new home, multifamily, and commercial projects...
SunPower CEO T.J. Rodgers said, “The acquisition of Cobalt provides SunPower with an established execution team that was purpose-built for complex, high-value renewable energy projects…
…Rodgers concluded, “The acquisition of Cobalt Power Systems is expected to add
$30 million in annual revenue and strengthen SunPower’s ability to meet rising market demand in key California markets with premium, advanced renewable energy technology solutions.””
https://investors.sunpower.com/news-releases/news-release-details/sunpower-closes-cobalt-power-systems-acquisition