Welcome to our dedicated page for Sunpower news (Ticker: SPWR), a resource for investors and traders seeking the latest updates and insights on Sunpower stock.
SunPower Inc. reports developments as a solar technology, services, and installation company focused on residential solar in North America. Company updates commonly address solar-system installation activity, battery storage and home energy management, the New Homes, Multifamily and Light Commercial businesses, dealer and sales-channel coverage, and integration of acquired solar sales and installation operations.
Recurring announcements also cover financing actions, debt reduction, convertible securities, annual-report filing items, leadership changes, equity inducement grants and investor-conference presentations. SunPower has described its digital platform and installation services as supporting homeowners and other customers adopting more energy-efficient systems.
SunPower (Nasdaq: SPWR) plans to negotiate with certain holders of its 12% and 7% Convertible Senior Notes due 2029 to accept common stock of equal value plus bonus shares instead of cash interest.
The proposal would cover cash interest due on July 1, 2026 and January 1, 2027 and is intended to support financial flexibility through Q3 2026. SunPower also highlights an incremental May 2026 investment by Fortis Capital in its 10% notes, which it says bolstered Q2 2026 cash. The announcement is not an offer or solicitation to buy or sell securities.
SunPower (Nasdaq: SPWR) completed 26 commercial solar projects for Starbucks and reported a 90% Net Promoter Score (NPS) from this customer. NPS ranges from -100% to 100%, with scores above 70% viewed as world-class.
According to SunPower, this NPS reflects customer experience across product technology, installation quality, system activation, and ongoing support, aligning with its goal of 100% first-pass yield and zero-defect quality to support long-term reliability and low cost per kWh.
SunPower (Nasdaq: SPWR) announced that subsidiary Cobalt Power Systems completed a 1.2 MW commercial solar and storage project for Santa Clara University. The systems are designed to generate over 2.1 million kWh of electricity annually and are fully ADA compliant.
The multi-site project, spanning parking garages, carports, and a rooftop array, is expected to provide about $350,000 in yearly energy savings, or roughly $8.8 million over its 25-year warrantied life, with an estimated payback period of less than six years.
SunPower (Nasdaq: SPWR) closed an additional $5 million private placement of its April 28, 2026 senior convertible debenture notes, raising total funding to $46 million. Proceeds are intended to boost intra-quarter liquidity for general corporate purposes. The repeat investor is Fortis Capital, linked to John Doerr. CEO T.J. Rodgers highlighted ongoing efforts to cut overhead from four acquisitions, aiming for steady-state cashflow breakeven in Q3 2026, and referenced a "bottom" Q2 2026 quarter followed by Q3 2026 with record bookings.
SunPower (Nasdaq: SPWR) reported preliminary, unaudited Q1 2026 revenue of $72.8 million, below its prior $80 million guidance, and a non-GAAP operating loss of $12.9 million driven by lower revenue and spending ahead of expected Q3 2026 growth.
The company reduced debt by $40 million via a convertible note offering and ended Q1 with $9.5 million in cash. Q1 2026 bookings reached a record 4,446 jobs, up from 1,197 a year earlier, supported by acquisitions.
SunPower implemented quarterly cost reductions of about $9.9 million, including a reduction in force of 115 employees and a temporary four-day workweek until September. It estimates Q2 2026 revenue of $75 million with an operating loss of about $3 million, and forecasts Q3 2026 revenue of $96 million, its cashflow breakeven level.
SunPower (Nasdaq: SPWR) closed a $41 million private placement of senior convertible debenture notes carrying a 10% coupon on April 28, 2026. Proceeds will pay off $28.75 million of existing debt, while a $21.25 million exchange of prior notes for equity brings total debt reduction to $40 million. Sunder, the acquired solar sales company, swapped $10 million acquisition debt into the new notes. Santander acted as placement agent and Arnold & Porter as legal counsel. Management says the cash plan carries the company through 2026 toward positive cashflow in 2027; a Q1’26 earnings release and investor call are scheduled for May 12, 2026 at 1:00pm ET.
SunPower (Nasdaq: SPWR) priced $41.0 million of Convertible Senior Secured Notes, non-callable until May 1, 2029, carrying a 10% coupon and a 45% conversion premium to the closing market price of $1.13, yielding a conversion price of $1.6385 and 25,022,887 shares issuable on conversion.
Proceeds will fund working capital and pay off $18.75 million of debt; additional exchanges and conversions bring total debt reduction to $40 million.
SunPower (Nasdaq: SPWR) filed its 2025 Form 10-K on April 14, 2026, reporting 2025 GAAP revenue of $300.0M and a GAAP operating loss of $26.931M versus a 10K-based non-GAAP operating income of $7.327M. The company implemented 40 audit adjustments that purged $20.7M from the balance sheet and reduced reported revenue by $8.757M due to eliminated double bookings.
SunPower adopted SunPower as its legal name, completed three acquisitions expanding sales coverage from 22 to 46 states, and said it will restate Q1–Q3 2025 10-Qs to align with the audited 10-K.
SunPower (Nasdaq: SPWR) completed integration of Sunder Energy, finishing 311 integration tasks over six months using a five-stage, stage-gate process to embed SunPower quality, engineering and customer success standards.
The company said the integration strengthens a new growth engine and that Ambia and Cobalt are scheduled for completion in May and June 2026.
SunPower (Nasdaq: SPWR) will attend the 38th Annual ROTH Conference on March 23, 2026 at the Ritz Carlton at Dana Point, CA. Attendance is invitation-only for ROTH clients.
Management will also attend Cantor Fitzgerald (NYC, March 11) and Canaccord Virtual Sustainability Summit (virtual, March 12). Investors should contact their ROTH sales representative or Investor Relations at IR@SunPower.com to request meetings.