ConnectM Acquires 40% Stake in Sun Solar to Boost Solar and Storage Growth

Reuters

Jan 07

ConnectM Acquires 40% Stake in Sun Solar to Boost Solar and Storage Growth

ConnectM Technology Solutions Inc. has acquired a 40% equity interest in Sun Solar LLC, a leading U.S. residential and small-commercial solar developer and installer. As part of the transaction, ConnectM will consolidate its solar operations into Sun Solar under the "Sun Solar Northeast" banner and deploy additional capital to expand solar-plus-storage installations across the Northeast. The acquisition is expected to increase ConnectM's stockholders' equity by at least $6.5 million, raising total equity to over $9 million. Additionally, Keen Labs, ConnectM's innovation group, has entered into a supply agreement with Sun Solar to provide VPP kits, including solar panels and batteries, supporting ConnectM's AI-enabled Virtual Power Plant (VPP) strategy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ConnectM Technology Solutions Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9621288-en) on January 07, 2026, and is solely responsible for the information contained therein.

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ID: GNW9621288-en) on January 07, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260107:nNDL2xgBRq:1","article_id":"2601244806","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601244806","pubTimestamp":1767794418,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"ConnectM Technology Solutions Inc. has acquired a 40% equity interest in Sun Solar LLC, a leading U.S. residential and small-commercial solar developer and installer. 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As part of the transaction, ConnectM will consolidate its solar operations into Sun Solar under the \"Sun Solar Northeast\" banner and deploy additional capital to expand solar-plus-storage installations across the Northeast. The acquisition is expected to increase ConnectM's stockholders' equity by at least $6.5 million, raising total equity to over $9 million. Additionally, Keen Labs, ConnectM's innovation group, has entered into a supply agreement with Sun Solar to provide VPP kits, including solar panels and batteries, supporting ConnectM's AI-enabled Virtual Power Plant (VPP) strategy.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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