SunPower Earns Palmetto’s LightReach “Platinum Partner” Award

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SunPower (Nasdaq: SPWR) was named a Palmetto LightReach Platinum Partner on Feb. 19, 2026, earning reduced financing rates tied to sustained zero‑defect performance and operational excellence.

The recognition follows 40 consecutive weeks of perfect quality data entry and reflects partnership-level trust in SunPower’s installation and customer outcomes.

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OREM, Utah, Feb. 19, 2026 (GLOBE NEWSWIRE) -- SunPower Inc. (“SunPower,” the “Company,” or Nasdaq: “SPWR”) a leading solar technology, sustainable energy solutions and services, and installation company, is pleased to announce that it has been officially recognized as a Palmetto LightReach Platinum Partner. Palmetto’s Platinum Award provides a reduced interest rate reserved for solar partners who consistently deliver top tier-workmanship quality, maintain rigorous quality assurance standards, and demonstrate operational excellence across large-scale residential deployments.

SunPower Chairman and CEO, T.J. Rodgers said, “SunPower has a rich history of driving innovation and setting the industry’s highest quality standard, delivering some of the most technologically advanced and reliable solar panels in the industry. After a year of effort, we are honored to receive Palmetto’s Platinum Promotion. After 40 consecutive weeks of entering perfect zero-defect data into their financial system, our commitment to quality has been recognized in a tangible way with lower financing costs – perfectly appropriate because LightReach now deals with our funding requests once – with no rework.”

Palmetto Senior Vice President, Business Development, Troy Roble, commented, "This promotion celebrates SunPower’s standout performance across several key metrics including commitment to installation quality and consistency, system performance, and industry leading customer success. We congratulate them on this well-earned achievement. It is a remarkable turnaround in a short amount of time, and exactly what the channel program is designed to recognize. We have full confidence in SunPower’s focus on zero defect quality and operational excellence. We are excited about what we can achieve together and remain committed to this partnership, as we continue raising the bar to delivering an exemplary homeowner experience.”

Surinder S. Bedi, Executive Vice President of Quality, Engineering and Customer Success at SunPower, added, "We worked hard to earn Palmetto’s Platinum Partner recognition, and we remain deeply committed to delivering the highest standards of solar excellence, which not only drive the lowest cost per kilowatt-hour (kWh), but also deliver exceptional long-term value to system owners, investment partners, and our customers who can depend on reliable energy for decades.”

Rodgers concluded, “As American households face the inevitability of continually rising utility costs and increasing supply disruptions, we and our partner Palmetto LightReach are committed to delivering the most advanced solar technology and total solutions to meet our customers’ ever escalating energy needs – without prohibitive upfront costs.”

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.

About SunPower
Palmetto is a consumer energy platform dedicated to making the clean energy transition simple, accessible, and affordable for American families. Through its digital-first marketplace, Palmetto connects homeowners with vetted clean energy partners and flexible financing solutions across solar, storage, HVAC, backup power, and energy-efficient appliances. The company’s mission is to enable millions of households to reduce utility costs, increase energy resilience, and achieve energy independence while supporting its Get Solar, Give Solar initiative that funds renewable energy access for underserved global communities. For more information, visit
https://palmetto.com/business/lightreach-solar.

Company Contact:
Sioban Hickie
VP Investor Relations
IR@sunpower.com
(801) 515-8727

Source: SunPower

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

FAQ

What did SunPower (SPWR) earn from Palmetto LightReach on Feb. 19, 2026?

SunPower earned the Palmetto LightReach Platinum Partner designation, giving access to reduced financing rates. According to SunPower, the award recognizes sustained zero-defect data entry and operational excellence across large-scale residential deployments, enabling lower cost funding for qualifying projects.

Why did Palmetto award SunPower (SPWR) the Platinum Partner promotion?

Because SunPower consistently met top workmanship and quality standards across installations. According to SunPower, Palmetto cited commitment to installation quality, system performance, customer success, and 40 consecutive weeks of perfect zero-defect data entry as reasons for the promotion.

How might the Palmetto Platinum status affect SunPower (SPWR) financing costs?

The status provides reduced interest rates for SunPower’s funding requests, potentially lowering financing costs for projects. According to SunPower, LightReach will handle funding requests with no rework, reflecting more efficient processing and a tangible reduction in financing expense for eligible deployments.

Does Palmetto’s Platinum Partner award change SunPower (SPWR) customer experience or reliability?

The award signals improved installation consistency and system performance that can benefit customers. According to SunPower, the recognition follows quality improvements aimed at lowering cost per kWh and delivering long-term reliable energy and value to system owners and homeowners.

What operational achievement did SunPower (SPWR) report to earn Palmetto’s Platinum Partner status?

SunPower reported entering perfect zero‑defect data for 40 consecutive weeks, demonstrating operational quality and consistency. According to SunPower, this sustained data accuracy and installation quality were central to achieving Palmetto LightReach’s Platinum Partner promotion and lower financing access.