San Jose-based SunPower restructures as it agrees to buy a business, looks to sell another

SunPower Corp. on Tuesday said it will focus in future exclusively on the residential solar market, announcing plans to buy a business in that sector and sell off its commercial and industrial business.

The San Jose-based company said it has agreed to acquire Utah-based Blue Raven Solar LLC in a deal valued at up to $165 million. The deal is expected to add more than 20,000 customers from Blue Raven to the 376,000 residential customers SunPower had at the end of the second quarter.

The companies…


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