SunPower Launches Home Battery Storage Initiative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
SunPower (SPWR) announced a strategic initiative to make home battery storage more accessible to American families. The company has engaged The Cool Down; Palmetto; and Enphase Energy, (ENPH). SunPower CEO T.J. Rodgers, said, "I am a hardware guy, and I've always liked the compact size of the Enphase 10C battery, the superior safety of its lithium iron phosphate battery cells, and its superior warranty - a full five years longer than the top competitor. Now, Palmetto helps make all of that affordable."
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About SPWR
SunPower Inc. is a solar installation and service company. The Company is a residential solar services provider in North America. Its digital platform and installation services support energy needs for customers who want to make the transition to an energy-efficient lifestyle. The Company's segment includes Residential Solar Installation and New Homes Business. The Residential Solar Installation segment performs solar system, storage and battery installations for residential homeowners. The New Homes Business segment performs solar system installations for new home builders. Its energy solutions include solar panels and solar battery storage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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SunPower (SPWR) Signs Intent for All-Equity Acquisition of Cobalt Power Systems with $35M Revenue
- Acquisition Intent: SunPower has signed a letter of intent to acquire Cobalt Power Systems, a California-based solar design and installation company with approximately $35 million in annual revenue, aiming to enhance its technological capabilities and customer base.
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- Standalone Operation: SunPower plans to operate Cobalt as a standalone subsidiary, a move that not only helps maintain its brand value but also leverages Cobalt's market position to further expand its business and enhance overall competitiveness.
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