## SunPower's Strategic Play: Why the Cobalt Power LOI Matters
SunPower just made a smart move by signing an LOI to go all-equity on Cobalt Power Systems, and the market immediately noticed—shares jumped over 6% to $1.69. But this isn't just another acquisition; it's a calculated play to own both the tech and the premium customer base that comes with it.
### The Target: High-End Solar Expertise
Cobalt Power Systems is no ordinary solar installer. Operating out of California, the company has carved out a niche as the first SunPower Elite Dealer in the U.S., pulling in roughly $35 million annual