SunPower Plunges: Forecast Cut on Weak Demand
SunPower Corp reports a wider-than-expected Q3 loss, sending shares tumbling 12%. CEO Peter Faricy cites "stormy seas" and higher interest rates as the cause. Learn how this affects the company's outlook for the year and customer projections.
Nov 2, 2023 // Markets & Finance News, SunPower
SunPower names new money head after COO appointment
United States solar modern technology as well as energy services company SunPower Corp (NASDAQ: SPWR) on Monday selected Elizabeth Eby as its primary financial officer (CFO) with effect from May 30, 2023.
May 16, 2023 // Markets & Finance News, USA, SunPower, North America, Elizabeth Eby
KKR to buy USD 550m in solar loans from SunPower
United States personal equity firm KKR & Co (NYSE: KKR) has actually struck a definitive offer to buy USD 550 million (EUR 624m) worth of solar power loans made to clients of SunPower Corp.
May 4, 2023 // Markets & Finance News, USA, SunPower, North America, KKR
SunPower brings Wolf River Electric right into Dealer Accelerator Program
SunPower has made a minority investment in Minnesota solar installation company Wolf River Electric. Through this connection, Wolf River is expected to accelerate its currently high development trajectory in Minnesota alongside an expanding existence in Iowa and also Wisconsin, enabling the business to serve more consumers on the market as well as boost solar adoption in historically underpenetrated areas.
Apr 28, 2023 // Markets & Finance News, USA, SunPower, North America, Wolf River Electric
SunPower protects USD 450m to grow residence solar, storage offerings
SunPower Corp (NASDAQ: SPWR) has actually obtained more than USD 450 million (EUR 409.5 m) in funding to back its residential solar as well as storage space loan programme in response to high client demand.
Apr 13, 2023 // Markets & Finance News, SunPower
SunPower extends photovoltaic panel supply agreement with Maxeon via 2025
Residential installation firm SunPower has signed a supply agreement with Maxeon to utilize the firm's photovoltaic panels on projects through 2025.
Jan 9, 2023 // Markets & Finance News, SunPower, Maxeon, Peter Faricy
Maxeon Solar picks former SunPower executive VP as new CEO
Singapore-based solar cell and panel maker Maxeon Solar Technologies Ltd (NASDAQ: MAXN) has assigned Bill Mulligan as its new chief executive officer (CHIEF EXECUTIVE OFFICER) with result from January 23, 2023.
Jan 3, 2023 // Markets & Finance News, SunPower, Maxeon Solar, Bill Mulligan, Mark Babcock
SunPower grows Dealer Accelerator Program with financial investments in EmPower Solar and Renova Energy
National solar services provider SunPower has actually made minority investments in 2 more local solar installers, EmPower Solar as well as Renova Energy. With these investments, Renova (California) and EmPower (New York) are the most recent additions to SunPower's Dealer Accelerator Program. SunPower previously made minority investments in Freedom Solar Power (Texas) and Sea Bright Solar (New Jersey).
Sep 16, 2022 // Markets & Finance News, SunPower, EmPower Solar, Renova Energy
Continued demand for residential solar sees SunPower bag record 19,700 new customers
Continued demand from Americans for rooftop solar has led residential solar installer SunPower to include a record all time high of 19,700 customers in Q2 2022, a 51% year-on-year increase.
Aug 4, 2022 // Residential, Markets & Finance News, USA, SunPower, financial results, North America, company results, residential rooftop
Maxeon partners AlphaESS for home power storage launch
Solar PV producer Maxeon Solar Technologies is to begin selling home energy storage products after partnering with battery producer AlphaESS.
May 17, 2022 // Markets & Finance News, Storage, SunPower, Maxeon, alphaess, beyond the panel
IKEA partners with SunPower for United States residential solar launch
Retail large IKEA has partnered with US residential solar installer SunPower to provide home PV solutions in the US.
May 13, 2022 // Plants, Large-Scale, Residential, Markets & Finance News, Rooftop PV, USA, SunPower, North America, ikea, home solar
SunPower to buy platform upgrades as domestic solar customer backlog gets to new record
US household solar installer SunPower's backlog soared to a record 13,800 customers entering Q2 2022 with the installer validating a series of financial investments it is making to meet surging demand.
May 9, 2022 // Residential, Markets & Finance News, Rooftop PV, USA, SunPower, financial results, North America, Battery Energy Storage, Peter Faricy, sunvault
SunPower, First Solar in late-stage discussions to establish 'globe altering' residential solar module
United States household solar installer SunPower is in late-stage conversations with United States thin film maker First Solar to establish the "globe's most advanced domestic solar panel", its CEO Peter Faricy revealed during an expert day discussion that additionally laid out the business's new method.
Apr 1, 2022 // Manufacturing News, Residential, Storage, USA, SunPower, First Solar, Enphase Energy, solar cell, North America, modules, module assembly
SunPower releases upgraded house battery system supplying 'whole home' backup power capability
United States residential solar installer SunPower launched an upgraded version of its battery storage space system, dubbed SunVault, claiming it can currently provide whole-home back-up in case of power failure.
Mar 30, 2022 // Manufacturing News, Residential, SunPower, Battery Energy Storage, sunvault
Maxeon's change 'nearly in position' as it upgrades production centres and lands SunPower contract
The foundation of a "transformed Maxeon Solar Technologies" is almost in place, according to the business's CEO, after it resolved its logistical failures, experienced strong demand for its products and landed a supply contract with US residential installer SunPower.
Mar 25, 2022 // Markets & Finance News, SunPower, financial results, Maxeon, shipping