Announced
Completed
Synopsis
SunPower, a solar technology, services, and installation company, completed the acquisition of Sunder Energy, a residential solar sales company. Financial terms were not disclosed. “This acquisition will immediately raise our revenue to its pre-ITC levels and then on to a new record. In addition, and equally important to us, it brings to us a great sales management team with its state-of-the-art sales business processes. In short, this deal is transformational for SunPower. The new revenue will be generated by Sunder’s 893-person 1099 (dealer) sales force members, which are managed by only 20 Sunder W-2 (permanent) employees, who have already transferred to SunPower. Our current plan shows that this new low-overhead revenue will generate an operating income profit record for us in Q4’25,” T.J. Rodgers, SunPower CEO.
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