SunPower Completes Megawatt Millenium Solar Project
Rhea-AI Summary
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.
Positive
- Millenium project completed: 977-kW system, 1.6 million kWh per year, 30-year commitment
- Project NPS score 90 on -100 to +100 industry scale
- Overall NPS improved from -25% in Q2 2025 with target 70%+ by Q2 2027
Negative
- Overall NPS was -25% in Q2 2025 at time of acquisition of old SunPower
News Market Reaction – SPWR
On the day this news was published, SPWR gained 0.58%, reflecting a mild positive market reaction. Argus tracked a peak move of +9.7% during that session. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $589K to the company's valuation, bringing the market cap to $102.18M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 07 | CFO inducement grant | Neutral | +10.2% | Board approved 1.0 million time-based RSUs for newly appointed CFO Tom Kowalczuk. |
| Jul 07 | CFO appointment | Neutral | -1.1% | Tom Kowalczuk became CFO as SunPower pursued acquisition-led growth and finance integration. |
| Jul 01 | Cash-interest share exchange | Negative | -3.7% | Investors exchanged $10 million of scheduled convertible-note cash interest for equity. |
| Jun 15 | Solar installation completion | Positive | -3.1% | Cobalt and Wunder Power completed a 220.9 kW waterfront solar installation. |
| Jun 02 | Interest payment proposal | Negative | +7.1% | SunPower proposed stock and bonus shares instead of cash interest on convertible notes. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent reactions were mixed: a positive installation-completion item fell 3.13%, while a negative financing proposal rose 7.14%, alongside neutral management items with opposing moves.
Key Terms
net promoter score technical
kwh technical
master lease financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Receives High Customer NPS Score
OREM, Utah, July 20, 2026 (GLOBE NEWSWIRE) -- SunPower Inc. (“SunPower,” the “Company,” or Nasdaq: “SPWR”), a solar technology, services, and installation company, today announced the successful completion of a megawatt solar system at the Millenium Project, a 330-unit community in Palm Desert, California. SunPower was awarded a Net Promoter Score (NPS) of 90, marking a significant milestone in SunPower’s ongoing customer transformation program.
Guy Winters, President of PearlX, Millenium’s owner, added, “The Millennium project is exactly what our Energy Estate model was built to deliver: real infrastructure producing real returns – for us, for the property owner and for the residents. This 977-kilowatt system will generate over 1.6 million kWh of clean, locally produced energy every year for the folks who live here, backed by a 30-year commitment to keep it performing at its peak. SunPower's NPS score of 90 validates our selection of the right partner for the job: quality installation, disciplined execution, and zero excuses. That's the standard behind every Energy Estate we build, and we're looking forward to expanding this partnership with SunPower for years to come.”
Millenium Carports demonstrate architectural elegance.
SunPower CEO, T.J. Rodgers, said, “The engineer in me sees a beautifully architected carport structure in which solar panels eliminate the need for a conventional roof and keep residents and their automobiles out of the desert sun for 30-plus years. The physicist in me knows the million watts of peak power the system produces actually comes from converting light energy into usable electricity rather than allowing the million watts to heat the asphalt, cars and people.
“The
Rodgers Continued, “To be fully candid, a very high NPS score on even a big, sophisticated project does not accurately reflect SunPower’s overall NPS, which was -
Rodgers concluded, “The fully installed price of solar systems drops every year, while the cost of utility-based power is forecasted to rise every year, creating both a push and a pull to grow the residential solar market. Right now, according to EnergySage, the cost of a home solar system in California is about
About SunPower
SunPower (Nasdaq: SPWR) is a solar technology, services, and installation company focused on delivering reliable and affordable energy solutions. Through innovation, operational excellence, and customer-centric execution, SunPower helps homeowners and businesses reduce energy costs while advancing a more sustainable energy future. For more information visit www.sunpower.com.
About PearlX
PearlX is a distributed energy infrastructure and capital partner to multifamily and commercial real estate owners. Through long term master lease agreements, PearlX deploys and operates solar, battery storage, EV charging, and smart energy systems nationwide. We convert building assets into productive energy estates that generate owner income, lower resident energy costs and contribute flexible capacity to the grid. Learn more at pearlx.com.
Forward Looking Statements
This press release contains forward-looking statements, including statements concerning the equity for interest exchange and related impacts of the transactions. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “seek,” “plan,” “project,” “target,” “looking ahead,” “look to,” “move into,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements represent SunPower’s current beliefs, estimates and assumptions only as of the date of this press release and information contained in this press release should not be relied upon as representing SunPower’s estimates as of any subsequent date. Forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Risks include, but are not limited to market risks, trends and conditions. These risks are not exhaustive. For additional information on these risks and uncertainties and other potential factors that could cause actual results to differ from the results predicted, readers should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of our annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on April 14, 2026, our quarterly reports on Form 10-Q filed with the SEC, and other documents that we have filed with, or will file with, the SEC. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements in this press release speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and SunPower assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Company Contacts:
Sioban Hickie
VP Investor Relations
IR@sunpower.com
(801) 477-5847
Source: SunPower
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8dd4f53b-f494-4989-a0b4-7fd4a54705e0
https://www.globenewswire.com/NewsRoom/AttachmentNg/85809c6d-8c41-4c53-966b-1cde9a6dca38
