SunPower Inc. has entered into a non-binding letter of intent to acquire Cobalt Power Systems, a Mountain View, California–based solar installer with $35 million in annual revenue and 96 employees. The all-equity transaction will position Cobalt as a standalone subsidiary, leveraging SunPower’s 1,800-strong sales force and streamlined corporate functions while preserving Cobalt’s focus on premium residential and commercial installations. Cobalt’s 23-year operating history includes landmark projects such as a 1.4-megawatt installation at Santa Clara University and the Fortinet building deployment, which features the new SunPower Monolith panel. SunPower’s CEO highlighted that the acquisition process, which encompasses 300–500 integration tasks and has been applied in 28 prior deals, is currently 85% complete on its Sunder acquisition and 40% complete on Ambia, underscoring the company’s capacity to manage Cobalt as an autonomous unit with stock-option incentives for its workforce.

SunPower will present its fourth-quarter 2025 results via webcast on January 20 at 1:00 p.m. Eastern Time. Investors and analysts can register through the company’s Investor Relations website to access the live presentation. The webcast follows a year in which SunPower enhanced its digital platform, expanded its dealer network, and advanced technology integration across its service offerings. The company’s interim CFO and VP of Investor Relations will host the session, providing an overview of financial performance metrics, operational highlights, and strategic initiatives set to drive growth in North America’s residential solar market.