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2021-10-05
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SunPower Acquires Blue Raven Solar For $165M; Seeks Options For CIS Business
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Seeks Options For CIS Business","url":"https://stock-news.laohu8.com/highlight/detail?id=1168663475","media":"Benzinga","summary":"SunPower Corp acquired U.S. residential solar provider Blue Raven Solar for cash consideration of up","content":"<ul>\n <li><b>SunPower Corp</b> acquired U.S. residential solar provider Blue Raven Solar for cash consideration of up to $165 million.</li>\n <li>Blue Raven will help SunPower quickly expand the solar market to serve more customers in underpenetrated areas, including the Northwest and Mid-Atlantic regions.</li>\n <li>SunPower plans to combine its products and digital marketing tools with Blue Raven's direct sales model to accelerate the go-to-market strategy.</li>\n <li>Additionally, SunPower expects Blue Raven's volume to help expand its suite of financial products and increase 2022 loan volume significantly.</li>\n <li>Blue Raven CEO Ben Peterson will join SunPower's executive team.</li>\n <li>In addition, SunPower is exploring strategic options for the Commercial & Industrial Solutions (CIS) business, including new ownership.</li>\n <li>The company plans to focus its efforts and investments on its Residential and Light Commercial business.</li>\n <li>SunPower held $519.1 million in cash and equivalents as of July 4.</li>\n <li><b>Price Action:</b> SPWR shares traded higher by 2.90% at $23.76 in the premarket session on the last check Tuesday.</li>\n</ul>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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