SunPower Making Seismic Strategy Shift Again
SunPower (NASDAQ: SPWR) has gone through a number of major strategic changes over the last five years, and announced another notable move on Tuesday. The company is acquiring Blue Raven Solar for $165 million, scooping up a residential solar installer to bolster its position in the Northeast and bring installation services in-house.
The commercial and industrial business may also be on the chopping block for SunPower, which could mean a sale or some other "alternative". If SunPower gets out of commercial and industrial solar and goes all-in on residential solar, it'll be another major shift for the solar energy stock long-term.
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Source Fool.com
