tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Complete Solaria Completes Cobalt Acquisition Using Equity Consideration

Story Highlights
  • SunPower completed its acquisition of Cobalt Power Systems on February 2, 2026, paying largely in stock.
  • The deal includes staged, adjustable share issuances and significant RSUs to retain Cobalt employees and manage risk.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Complete Solaria Completes Cobalt Acquisition Using Equity Consideration

Claim 50% Off TipRanks Premium

Complete Solaria ( (SPWR) ) has shared an announcement.

On January 30, 2026, SunPower Inc. entered into a Share Purchase Agreement with California-based Cobalt Power Systems, Inc. and its stockholders and, on February 2, 2026, completed the acquisition of all outstanding Cobalt shares. The transaction consideration comprised 1.8 million newly issued SunPower common shares at closing, plus additional SunPower shares worth $3.33 million on the 12‑month anniversary and $3.33 million on the 18‑month anniversary of closing, with the number of shares to be based on the stock’s trailing volume‑weighted average price and subject to customary working-capital, balance-sheet and indemnity adjustments, including setoff rights. SunPower also committed to issue up to $2 million in restricted stock units to continuing Cobalt employees and 850,000 inducement RSUs to key Cobalt staff, and agreed to register the consideration shares for public resale under the Securities Act following its 2025 Form 10‑K filing, underscoring the company’s use of equity financing to integrate Cobalt’s operations and retain talent while managing post‑closing risk through structured indemnification and share adjustments.

The most recent analyst rating on (SPWR) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Complete Solaria stock, see the SPWR Stock Forecast page.

Spark’s Take on SPWR Stock

According to Spark, TipRanks’ AI Analyst, SPWR is a Neutral.

The score is held back primarily by financial risk: negative equity and negative operating/free cash flow reduce balance-sheet flexibility despite improving TTM profitability. Offsetting this, technicals are modestly supportive (price above major moving averages), and the latest earnings call reinforced operational momentum and continued positive operating income guidance, though liquidity sensitivity and integration/reporting issues remain key risks.

To see Spark’s full report on SPWR stock, click here.

More about Complete Solaria

SunPower Inc. is a Delaware-based solar energy company operating in the renewable energy industry, focused on designing, manufacturing and selling solar power systems and related services to residential, commercial and utility-scale customers.

Average Trading Volume: 1,405,908

Technical Sentiment Signal: Hold

Current Market Cap: $192.4M

See more data about SPWR stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1