Complete Solaria to acquire Sunder Energy

SunPower, formerly d/b/a Complete Solaria (SPWR) (CSLR), “announced that it has agreed to acquire Sunder Energy, based in South Jordan, Utah, the No. 11 U.S. solar company by installed megawatts as reported by Ohm Analytics. The transaction is scheduled to close this week subject to customary closing conditions. Sunder Energy is forecasting 2025 revenue of about $74 million on 46 megawatts of solar sales contracts installed by its customers, who are in the engineering, procurement and construction business. Those companies in turn are expected to generate about another $173 million in downstream EPC revenue. SunPower currently believes that Sunder’s 46 MWs could generate as much as $247 million in total revenue for SunPower, which is both a sales and an EPC company, as compared to SunPower’s estimated 2025 total revenue of about $300 million. Practically, however, SunPower expects to capture all of the sales revenue starting at the close and then about half of the potential EPC revenue over time, as SunPower expands its coverage from 22 to 45 state.”