SunPower Completes $37.5 Million Acquisition Of Ambia Solar, Becomes Fifth-Largest U.S. Residential Solar Provider

SunPower Inc., a leading provider of solar technology, services, and installation, has completed its $37.5 million strategic acquisition of Ambia Solar, positioning the combined company as the fifth-largest residential solar provider in the U.S., according to Ohm Analytics rankings. SunPower CEO T.J. Rodgers highlighted the immediate impact of the acquisition, noting that the company is raising its Q4 2025 revenue estimate to $88 million. The company continues to anticipate record operating income for Q4 2025 and expects at least $2 million in operating income in Q1 2026, despite it being the traditional winter “down” quarter for solar sales.

Beyond financial results, the acquisition brings Ambia’s experienced operations management team to strengthen SunPower’s Direct Business Unit (also known as Blue Raven). Rodgers emphasized that Ambia’s integration is expected to significantly enhance SunPower’s operational capabilities, similar to the improvements already achieved through the prior Sunder acquisition. With Ambia’s 203-rep salesforce joining SunPower, the total company salesforce now stands at 2,027 representatives.

Ambia CEO Conner Ruggio expressed enthusiasm for the combined company, highlighting that the merger creates a platform with the leadership, experience, and talent to aim for the number one position in the U.S. residential solar market. He also noted that employees from both companies assumed responsibilities immediately following the acquisition. Rodgers explained that the acquisition process progressed rapidly due to the complementary strengths of the two teams.

After an initial five-hour meeting with Ruggio on October 23 to outline the new organizational structure, the Letter of Intent was completed within two weeks, and the definitive agreement was finalized just two weeks later, with minimal legal costs of approximately $145,000. Rodgers also noted that having completed the Sunder acquisition earlier, SunPower’s team was well-prepared to manage this second integration efficiently.

Integration efforts for Ambia are already underway. Rodgers described the company as being at “Integration Review Zero” (IR0), with a complete integration plan in place, 20 milestones defined, and 443 additional milestones planned. In comparison, the Sunder acquisition has already reached IR3, with 206 milestones completed out of 314 planned, and is expected to be fully integrated in the first quarter of 2026. Rodgers also acknowledged the support of SunPower’s Board of Directors in facilitating the acquisition.

Special thanks were given to Salt Lake-based board member Chris Lundell for identifying and sponsoring Ambia, located just 1.7 miles from SunPower’s operations in Salt Lake’s “Solar Valley,” and to Silicon Valley-based board member Dan McCranie for his full-time assistance in funding and closing both acquisitions. Rodgers emphasized that the board’s active involvement has been a key factor in SunPower’s successful expansion strategy. This acquisition strengthens SunPower’s market position, operational capacity, and sales capabilities, further advancing its goal of becoming a leading force in the U.S. residential solar industry.