SunPower signs LOI to acquire Ambia Solar for $37.5M in equity; adds $83.6M annual revenue

SunPower Inc.

Non-binding LOI for $37.5M in equity; expected Q4'25 close; Ambia No. 19 U.S. solar by MW.
Ambia's 2025E revenue $83.6M (~28% of SunPower's $303.4M forecast).
Conner Ruggio (Ambia CEO) to run Blue Raven; Steve Erickson to lead new Battery Division.
Operational targets: 41.6-day order-to-install cycle, NPS 71; 72% TPO backlog at close.
SunPower reiterates Q4'25 record revenue/operating profit and Q1'26 profitability despite ITC reduction.

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