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) introduced Monolith II, a solar panel developed with REC under their Joint Development Agreement and exclusive to SunPower.
The company says the new panel produces 522 watts using the same footprint and weight as the previously commercialized 470-watt Monolith panel. Monolith II uses REC’s cell technology with glass on both sides, allowing it to capture light from the front and back. SunPower plans its first Monolith II installation in October 2026 at a Cobalt Silicon Valley customer’s property, enabling a side-by-side comparison with Monolith.
SunPower (SPWR) broke ground on a solar power system for a new AI data center in Reno, Nevada.
The company was awarded the project's first phase. SunPower described the installation as complex and a learning opportunity, noting that it is not yet at the 100-megawatt-plus scale.
Its average selling price for a residential solar job is about $32 thousand, while its high-tech Silicon Valley installations average $44 thousand. Some commercial installations run well over $1 million; these figures are not stated prices for the Reno project.
SunPower (SPWR) raised $26.2 million in an equity private placement round funded mainly by Sand Hill Road venture investors, anchored by Foris Ventures, the family office of John Doerr. The financing provides new cash as the company targets a return to profitability and future growth.
CEO T.J. Rodgers cited SPWR’s share price under $1, which he links to a solar market reset after loss of the Investment Tax Credit (ITC) and Q2 2026 misexecution in the SunPower Direct division, now reassigned to P&L manager Kapil Rai. SunPower reports current annual revenue of about $300 million and plans to grow profitably next year to $500 million. The company highlights a U.S. residential solar market of $7 billion, with only 6% of suitable homes using solar in 2026 and an EIA forecast of 30% penetration by 2030. In investor presentations, SunPower described potential ROI multiples of 4.0x to 11.4x based on several valuation scenarios using an illustrative share price of $0.30.
SunPower (Nasdaq: SPWR) reported preliminary Q2 2026 revenue of $56.0 million, down $16.8 million from Q1 2026, with a non‑GAAP operating loss of $12.5 million and non‑GAAP gross margin of 49%. Quarter‑end cash was $4.0 million, below the company’s $10 million minimum target.
According to SunPower, the decline was driven mainly by delayed SunPower Direct jobs, with about 1,105 projects worth $15.3 million expected to clear in Q3 2026. Management implemented actions that are reducing quarterly fixed operating expenses by a total of $13.0 million. For Q3 2026, SunPower expects revenue of at least $75 million and aims to cut its operating loss by about 90% to less than $1.0 million. The company also highlighted strong recent bookings and announced the appointment of Tom Kowalczuk as CFO.
SunPower (Nasdaq: SPWR) will present its Q2 2026 financial results via webcast on Tuesday, July 28, 2026, at 1:00 p.m. ET. Interested participants can access the webcast by registering online or through the Events page in the investor relations section of SunPower’s website.
SunPower (Nasdaq: SPWR) announced completion of a 977-kilowatt megawatt-class solar system at the 330‑unit Millenium community in Palm Desert, California, owned by PearlX. The project is expected to generate over 1.6 million kWh of clean energy annually and is backed by a 30‑year performance commitment.
SunPower received a Net Promoter Score (NPS) of 90 for the Millenium project, using an industry scale from -100% to +100%. According to SunPower, its overall NPS was -25% in Q2 2025 and has improved every quarter toward a target of 70%+ by Q2 2027 as part of its customer transformation program.
SunPower (Nasdaq:SPWR) granted an inducement equity award to new CFO Tom Kowalczuk effective June 30, 2026. The award totals 1.0 million time-based RSUs, with 20% vesting after one year and the remaining 80% vesting annually over four years, subject to continuous service.
The Board approved the RSUs as employment inducement awards under Nasdaq Listing Rule 5635(c), allowing the grant without shareholder approval but requiring public disclosure.
SunPower (Nasdaq: SPWR) appointed Tom Kowalczuk as Chief Financial Officer, reporting to Chairman and CEO T.J. Rodgers. The company is pursuing growth by acquisition and sought a CFO skilled in rigorous financial processes and integration.
Kowalczuk is a CPA with a University of Chicago MBA, 15 years at Beam Suntory including leading finance for a >$2 billion manufacturing operation, and recent CFO experience at Bespoken Spirits, where he helped double revenue and cut operating expenses by half. He plans to build a world-class finance organization focused on timely reporting, streamlined operations, strong internal controls, and a single financial operating model to support SunPower’s post-2024 Chapter 11 rebuilding and long-term value creation.
SunPower (Nasdaq: SPWR) closed a share exchange covering $10 million in cash interest due July 1, 2026 and January 1, 2027 on its Convertible Notes. According to SunPower, all but one investor accepted equity. The CEO highlighted cost reductions, greater financial flexibility, record backlog, and expectations for strong Q3 2026 growth.
SunPower (Nasdaq: SPWR) subsidiary Cobalt Power Systems and partner Wunder Power completed the Waterfront Plaza solar installation on San Francisco’s waterfront. The 220.9 kW DC system uses 554 modules and is designed to produce ~349,000 kWh annually, highlighting Cobalt’s complex commercial and seismic-resilient engineering capabilities.