MAXN - SunPower Homes In On Residential Solar

• One in four Australian homes have solar PV, while in the US household solar PV is in its infancy with just 1.3% households having solar PV.
• A 2016 NREL report indicates that rooftop solar PV (on existing buildings) in the US could account for 39% of US electricity needs; there is a huge market opportunity.
• Sun Power’s residential solar business is highly profitable, while its commercial solar PV business is marginal.
• SunPower acquires Blue Raven Solar and sells one million Enphase shares to accelerate residential solar business.
• Given massive developments coming to residential solar, this looks like a good move. The market likes it.

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