SunPower

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.

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.

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.

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.

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.

Residential installation firm SunPower has signed a supply agreement with Maxeon to utilize the firm's photovoltaic panels on projects through 2025.

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.

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).

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.

Solar PV producer Maxeon Solar Technologies is to begin selling home energy storage products after partnering with battery producer AlphaESS.

Retail large IKEA has partnered with US residential solar installer SunPower to provide home PV solutions in the US.

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.

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.

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.

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.