First SunPower Monolith Panel Installation

Rhea-AI Summary

SunPower (Nasdaq: SPWR) achieved its first commercial installation of Monolith solar panels developed with Renewable Energy Corporation (REC) on January 16, 2026.

Silicon Valley installer Cobalt Power Systems deployed the panels for a premium homeowner in Santa Cruz and immediately reordered after the initial container sold out. Management and installer quotes emphasize the panel's higher power density, stronger ROI despite higher price, and compatibility with Enphase inverters.

Key Figures

First container arrival: January 16 SunPower IPO year: 2005 Prior chairmanship end: 2011

3 metrics

First container arrival January 16 Date Cobalt Power Systems received first Monolith panel container

SunPower IPO year 2005 T.J. Rodgers references SunPower IPO in 2005

Prior chairmanship end 2011 T.J. Rodgers’ previous tenure as SunPower chairman ended in 2011

Market Reality Check

Price: $1.80 Vol: Volume 934,712 is above 2...

high vol

$1.80 Last Close

Volume Volume 934,712 is above 20-day average of 547,986, indicating elevated trading activity before this news. high

Technical Price at 1.805 is trading below the 200-day MA of 1.82, reflecting a weak longer-term trend.

Peers on Argus

No peers in the provided semiconductor/optical instruments group appeared in the...

No peers in the provided semiconductor/optical instruments group appeared in the momentum scanner, suggesting the -7.44% move was stock-specific rather than sector-driven.

Market Pulse Summary

This announcement details the first installation of SunPower-branded Monolith panels, noting immedia...

Analysis

This announcement details the first installation of SunPower-branded Monolith panels, noting immediate sell-through of the initial container received on January 16 and rapid follow-on orders. The news emphasizes premium positioning and technology focus, including integration with Enphase inverters. With the stock near 1.805 and still well below the 3.37 52-week high, investors may watch for further adoption metrics, margin impacts, and additional deployments to gauge longer-term significance.

Key Terms

ipo

1 terms

ipo financial

"SunPower was a technology powerhouse when I was its chairman from its 2005 IPO to 2011."

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

AI-generated analysis. Not financial advice.

Technology from SunPower-REC Joint Development Agreement

OREM, Utah, Jan. 26, 2026 (GLOBE NEWSWIRE) -- SunPower Inc. (herein “SunPower,” the “Company,” or Nasdaq: “SPWR”), a solar technology, services, and installation company, today announced that it achieved its first installation of Monolith panels created by Renewable Energy Corporation (REC), the leader in U.S. residential solar panel sales. Silicon Valley’s Cobalt Power Systems installed the panels for a premium customer in Santa Cruz, California.

Cobalt Power Systems CEO, John Paul Bergh said, “Demand for high-quality, power-dense, premium modules has been extraordinary. By the time we received our first container from SunPower on January 16, it had already been sold out. Cobalt Power Systems immediately placed a second order and is now actively designing and deploying Monolith technology at a rapid pace. Technology-aware Silicon Valley homeowners always seek the most advanced solar technology available.”

First installation – SunPower Monolith panels by REC


Image: Cobalt Power Systems.

Bergh continued, “Monolith provides a higher return on investment to our customers, in this case by reducing the ROI payment period, despite slightly higher pricing. Our customers have complex energy demands that require increasingly more electricity, and the powerful Monolith panel, combined with the fine-grained digital control of Enphase Energy inverters, meets their needs.”

SunPower CEO T.J. Rodgers commented, “SunPower was a technology powerhouse when I was its chairman from its 2005 IPO to 2011. My mission is to give back to our salesforce the technology edge we once enjoyed.”

About SunPower
SunPower Inc. (Nasdaq: SPWR) is a leading residential solar services provider in North America. The Company’s digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit www.sunpower.com.

Company Contacts:
Dan McCranie	Sioban Hickie
Board Member	VP Investor Relations
dan.mccranie@sunpower.com	IR@sunpower.com
(408) 930-2048	(801) 477-5847
Surinder Bedi
EVP of Quality, Engineering and Customer Success
surinder.bedi@sunpower.com
(510) 846-6361

Source: SunPower Inc.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9a4ff496-1b9b-47e2-85ec-c1bee558267d

This press release was published by a CLEAR® Verified individual.

FAQ

What did SunPower announce about Monolith panel installations on January 26, 2026?

SunPower announced its first installation of Monolith panels created by REC, installed by Cobalt Power Systems for a Santa Cruz homeowner.

How did Cobalt Power Systems describe customer demand for SunPower Monolith panels?

Cobalt said demand was extraordinary, the first container sold out and a second order was placed immediately.

What performance or financial benefit did installers cite for Monolith panels (SPWR)?

Installers said Monolith panels provide higher power density and reduce the ROI payback period despite slightly higher pricing.

Are SunPower Monolith panels compatible with common inverter brands?

Yes, the announcement noted compatibility with Enphase Energy inverters for fine-grained digital control.

Who installed the first SunPower Monolith panels and where was the installation done?

Cobalt Power Systems installed the first Monolith panels at a premium residence in Santa Cruz, California.