On the Record · Sunpower

Sunpower acquisitions, on the record

The businesses Sunpower bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
O&M business (sale of a substantial majority of that business, including O&M services contracts sold to NovaSource) Word for word“During fiscal 2020, we recorded a gain on sale of our O&M business of $10.3 million.” 10-K for 2021	divestiture	fiscal 2020	—
commercial sale-leaseback portfolio Word for word“During fiscal 2019, we recorded a gain of $143.4 million on sale of the commercial sale-leaseback portfolio.” 10-K for 2021	divestiture	fiscal 2019	gain of $143.4 million
microinverter business Word for word“Subsequent to the sale of our microinverter business in August 2018, we exclusively procure microinverters for the manufacture and distribution of AC modules and discrete MLPE system solutions for the U.S. residential market from Enphase.” 10-K for 2021	divestiture	August 2018	—
remaining portion of the portfolio of residential lease assets to SunStrong Capital Holdings, LLC Word for word“During fiscal 2019, we also sold the remaining portion of the portfolio of residential lease assets to SunStrong Capital Holdings, LLC.” 10-K for 2021	divestiture	fiscal 2019	—
8point3 Energy Partners (8point3 Group) Word for word“specifically, 8point3 Energy Partners and its affiliates (the "8point3 Group") which we divested in June 2018.” 10-K for 2021	divestiture	June 2018	—
Solaire Generation, Inc. Word for word“To expand our business and maintain our competitive position, we have acquired a number of other companies and entered into joint ventures in past years, including our acquisition of Solaire Generation, Inc. in fiscal 2015, our SunStrong and Solar Sail joint ventures with Hannon Armstrong, and our acquisition of SolarWorld Americas in fiscal 2018.” 10-K for 2021	acquisition	fiscal 2015	—
SolarWorld Americas Word for word“To expand our business and maintain our competitive position, we have acquired a number of other companies and entered into joint ventures in past years, including our acquisition of Solaire Generation, Inc. in fiscal 2015, our SunStrong and Solar Sail joint ventures with Hannon Armstrong, and our acquisition of SolarWorld Americas in fiscal 2018.” 10-K for 2021	acquisition	fiscal 2018	—
Commercial and Industrial Solutions (C&I Solutions) business Word for word“Subject to the terms and considerations set forth in the definitive agreement, TotalEnergies Renewables will acquire all of the issued and outstanding common stock of our C&I Solutions business for aggregate cash consideration of $190.0 million, which is subject to certain adjustments, including cash, indebtedness, working capital surplus/shortfall, and transaction expenses.” 10-K for 2022	agreed divestiture	—	aggregate cash consideration of $190.0 million
Blue Raven Solar Holdings, LLC ("Blue Raven") Word for word“Pursuant to the Purchase Agreement, the Company agreed to pay to the sellers up to $145 million in initial cash consideration, which amount is subject to a customary working capital adjustment.” 10-K for 2022	acquisition	—	up to $145 million in initial cash consideration
O&M business Word for word“compared to the gain on sale of $10.3 million of our O&M business during fiscal 2020.” 10-K for 2022	divestiture	during fiscal 2020	gain on sale of $10.3 million
Solar Holdings, LLC (Blue Raven) Word for word“On October 4, 2021, we entered into a Securities Purchase Agreement (the “Purchase Agreement”) to acquire all of the issued and outstanding membership interests of Solar Holdings, LLC (“Blue Raven”), and 35% of the issued and outstanding membership interests of Albatross Software LLC (“Albatross”), an affiliate of Blue Raven.”” 10-K for 2023	acquisition	October 4, 2021	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2017-01-01	$24 million	$0	$89.6 million
2017-12-31	$0	$0	—
2018-12-30	$17 million	$23.3 million	—
2019-12-29	$0	$40.5 million	—
2021-01-03	$0	$15.4 million	—
2022-01-02	$124.2 million	$10.5 million	—
2023-01-01	$0	$0	—

Deal filings since 2016

2024-08-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-02-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-02-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-01-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-01-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-01-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-09-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-06-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2022-02-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-02-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-11-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-04-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-08-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-08-27 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-07-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-07-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-02-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-06-27 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-03-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-08-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-08-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-07-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-02-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Sunpower’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2023-03-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.