SunPower Strengthens Market Position Through Acquisition and Product Launch

SunPower Inc. is executing a dual strategy to enhance its competitive standing, combining a significant planned acquisition with the introduction of a new high-performance solar product. These moves signal the company's focus on expanding its technological capabilities and customer reach.

The company has signed a letter of intent to acquire Cobalt Power Systems, a specialist installer of complex solar and battery storage solutions. This strategic move is designed to grant SunPower access to a distinct business model and customer demographic. Founded 23 years ago and notable as the first SunPower Elite Dealer in the United States, Cobalt Power Systems generates approximately $35 million in annual revenue and employs 96 people.

Cobalt Power's expertise lies in designing and installing demanding, high-power solar systems with extensive battery integration. Its client base primarily consists of commercial, institutional, and premium residential customers in the Silicon Valley region. CEO T.J. Rodgers emphasized that the acquisition is intended to bring in new technologies and a tech-savvy customer base, aligning with SunPower's strategic direction. The transaction, pending due diligence and regulatory approvals, is targeted for completion in the first quarter of 2026. SunPower plans to operate Cobalt Power as a standalone subsidiary.

"Monolith" Cell Debuts with Record Output

In a separate but concurrent development, SunPower unveiled its new "Monolith" solar cell on January 12, 2026. This product marks the first result of the company's joint development agreement with REC Group. The all-black cell delivers a record-breaking 470 watts of power, positioning SunPower firmly in the high-performance segment for residential applications. Rodgers connected this innovation to the company's long history of technological advancement and its goal of addressing rising energy costs with superior products.

Should investors sell immediately? Or is it worth buying SunPower?

These initiatives occur against the backdrop of the company's recent corporate transformation. The current SunPower Inc. entity was established after Complete Solaria Holdings acquired the core assets of the original, bankrupt SunPower in September 2024. The company subsequently rebranded itself as SunPower in April 2025.

Upcoming Financial Report in Focus

Investors are now looking ahead to the company's next major milestone: the release of its fourth-quarter 2025 financial results scheduled for Tuesday, January 20, 2026. The accompanying conference call is expected to provide insights into the company's financial performance and strategic outlook, likely including updates on the progress of the Cobalt Power acquisition. Market analysts currently project an adjusted loss per share of -$0.17 for the quarter.

The company's future revenue trajectory is anticipated to be significantly influenced by two key factors: the successful integration of the Cobalt Power acquisition and the market reception of the newly launched Monolith solar cell.