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2021-10-06

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SunPower Acquires Blue Raven Solar For $165M; Seeks Options For CIS Business

SunPower Corp acquired U.S. residential solar provider Blue Raven Solar for cash consideration of up

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>&nbsp;acquired U.S. residential solar provider&nbsp;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 &amp; 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&nbsp;cash and equivalents&nbsp;as of July 4.</li>\n <li><b>Price Action:</b>&nbsp;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; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SunPower Acquires Blue Raven Solar For $165M; Seeks Options For CIS Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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SunPower Acquires Blue Raven Solar For $165M; Seeks Options For CIS Business

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