SunPower signs LOI to acquire Ambia Solar

SunPower (SPWR) has agreed to acquire Ambia Solar, based in Lindon, Utah, just 1.7 miles from SunPower’s HQ. Ambia is the No. 19 U.S. solar company by installed megawatts as reported by Ohm Analytics. The companies have signed a non-binding LOI for $37.5M in equity. The transaction will close this quarter subject to customary closing conditions. Based on three quarters of actual results and with one month left in Q4’25, Ambia’s 2025E revenue forecast is $83.6M. The equivalent 2025E revenue forecast for SunPower is $303.4M.