SunPower to Buy Ambia Solar for $37.5m in Equity (1)

(Updates with additional details.)

SunPower signs a non-binding LOI to buy Ambia Solar for $37.5 million in equity.

• Ambia sees 2025 revenue of $83.6 million
  • Equivalent forecast for SunPower is $303.4 million
• “The tangible benefits of the acquisition after closure will show up fully in Q1’26 financial statements, just when the new industry will be challenged with the ITC loss for homeowners, but not for Third Party Ownership, aka TPO-funded transactions,” SunPower CEO T.J. Rodgers said
• Deal seen closing in 4Q

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