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) 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.
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.