SunPower gains on signing LOI to acquire Ambia Solar

Sunpower

11/11/2025 14:43

** Shares of residential solar services provider SunPower SPWR.O rise 3% to $1.73

** Company signs non-binding Letter of Intent (LOI) for $37.5 million in equity to acquire Utah-based Ambia Solar

** "We look forward to Ambia’s $83.6 million of added revenue – which will start in Q1’26," says SPWR CEO T.J. Rodgers

** Transaction is expected to close in Q4

** Including session's moves, stock down 2.5% YTD

(Reporting by Varun Sahay)

((Varun.sahay@thomsonreuters.com))