SunPower signs LOI to acquire Cobalt Power Systems

SunPower signed a letter of intent for an all-equity transaction to acquire Cobalt Power Systems of Mountain View, California, a residential solar installer with $35 million in revenue and 96 employees.

“SunPower has signed a letter of intent for an all-equity transaction to acquire Cobalt Power Systems of Mountain View, California, a company with $35 million in revenue and 96 employees.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.