Source: SunPower — Blue Raven Solar Acquisition Press Release (2021)

Summary

SunPower Corp. Exhibit 99.2 press release, filed 2021-10-05 with Form 8-K accession 0000867773-21-000063 (CIK 0000867773), announcing acquisition of Blue Raven Solar.

Useful Claims

• SunPower announced it acquired Blue Raven Solar, described in the release as one of the fastest growing residential solar providers in the U.S.
• Purchase price: cash consideration of up to $165 million.
• Blue Raven was founded in 2014 per the release; SunPower describes a direct-to-consumer sales and installation model with high growth.
• SunPower said Blue Raven CEO Ben Peterson would join SunPower's executive team.
• SunPower stated it would focus on residential and light commercial growth and explore strategic alternatives for its commercial and industrial solutions business.

Verbatim

"Today, SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, announced it acquired Blue Raven Solar, one of the fastest growing residential solar providers in the U.S." — Opening paragraph

"The acquisition was made for cash consideration of up to $165 million." — Transaction terms

"Since its founding in 2014, Blue Raven has built a profitable and high-growth business, achieving 93% revenue compound annual growth rate (CAGR) with a direct-to-consumer sales and installation model." — About Blue Raven Solar section

"Blue Raven Solar was founded in 2014 and has expanded to a national top selling solar brand." — About Blue Raven Solar section

Reliability Notes

Filed press release — primary-tier at EDGAR. Growth superlatives and CAGR figures are SunPower's announcement language, not independent market measurement. This document ends the ownership story at SunPower; it does not describe the 2024 bankruptcy or later buyer.

Related Pages

• Blue Raven Solar
• Source: SunPower — Chapter 11 Stalking Horse Press Release (2024)