Company Description
SunPower Inc. (Nasdaq: SPWR) is described in its public disclosures and press releases as a solar technology, services, and installation company and a leading residential solar services provider in North America. The company focuses on serving homeowners who want to transition to a more energy‑efficient lifestyle, using a digital platform and installation services to support their energy needs.
According to multiple recent news releases, SunPower positions itself as a residential solar services provider with operations centered on the North American residential market. The company highlights that its digital platform and installation services are designed to support customers’ energy requirements as they adopt solar power and related systems for their homes.
Business focus and activities
Across its press releases, SunPower consistently identifies itself as a solar technology, services, and installation company. This reflects a business model that combines technology related to solar energy with services and installation work for residential solar systems. The company emphasizes that it supports customers who wish to move toward a more energy‑efficient lifestyle, indicating a focus on home energy solutions built around solar power.
SunPower’s disclosures also describe activity around acquisitions and integrations of other solar‑related businesses. For example, a Form 8‑K and related press releases state that SunPower entered into and closed a Membership Interest Purchase Agreement to acquire Ambia Energy, LLC (Ambia), a solar power installation company. Another Form 8‑K describes the completion of a Membership Interest Purchase Agreement to acquire Sunder Energy LLC (Sunder). These acquisitions are presented as part of SunPower’s efforts to build scale in the U.S. residential solar market.
Residential solar positioning
In the company’s own “About SunPower” sections within its news releases, SunPower repeatedly states that it is a leading residential solar services provider in North America.> It notes that its digital platform and installation services support energy needs for customers wishing to make the transition to a more energy‑efficient lifestyle. This positioning ties directly to the residential solar segment, where SunPower focuses on providing solar technology and services to homeowners.
SunPower’s communications also reference its role in the U.S. residential solar market through rankings based on installed megawatts reported by third‑party analytics firms. In a press release about the Ambia Solar acquisition, SunPower notes that the transaction is intended to create the No. 5 U.S. residential solar company based on Ohm Analytics rankings. In another release discussing the Sunder acquisition and related salesforce expansion, SunPower states that the Sunder deal helped create the No. 5 residential solar company in the U.S., measured in installed megawatts as reported by Ohm Analytics.
Corporate history and name
SEC filings indicate that the company has undergone a corporate name change. Several Form 8‑K filings describe that the registrant was previously named Complete Solaria, Inc. and that a Certificate of Amendment was filed in Delaware to change the corporate name to SunPower Inc. One filing specifies that this name change became effective in October 2025. These filings also note that the company’s common stock continues to trade on the Nasdaq Global Market under the symbol SPWR, and its warrants trade on the Nasdaq Capital Market under the symbol SPWRW.
The SEC filings further describe that SunPower Inc. is an emerging growth company for purposes of U.S. securities laws. The company has filed registration statements, including a Form S‑1 relating to an equity line of credit arrangement with White Lion Capital LLC, and various Forms 8‑K describing material events such as financings, acquisitions, and listing‑related matters.
Capital markets and financing activities
SunPower’s SEC filings and news releases describe several capital‑related arrangements. A Form S‑1 explains that SunPower entered into a Common Stock Purchase Agreement with White Lion Capital LLC establishing an equity line of credit. Amendments to this agreement increased the commitment amount from $30 million to $55 million of common stock, subject to conditions. A related press release explains that this equity line of credit (ELOC) is a financial vehicle under which White Lion contractually agrees to buy newly issued shares from SunPower, at the company’s discretion and subject to specified conditions.
In addition, a Form 8‑K describes the issuance of a convertible promissory note to a trust controlled by the company’s Chief Executive Officer and Executive Chairman, and other filings describe the issuance of 7.00% Convertible Senior Notes due 2029 under note purchase agreements. These financings are discussed in the context of acquisitions and general corporate purposes.
Acquisitions and integration
SunPower’s recent disclosures emphasize acquisitions as part of its development. A Form 8‑K and subsequent 8‑K/A, along with press releases, describe the acquisition of Ambia Energy, LLC, a solar power installation company serving multiple U.S. states. The Membership Interest Purchase Agreement provided for SunPower to acquire all of Ambia’s equity interests in exchange for shares of SunPower common stock and additional stock‑based consideration, subject to Nasdaq rules and customary adjustments.
Another Form 8‑K describes the completion of the acquisition of Sunder Energy LLC via a Membership Interest Purchase Agreement. The consideration included cash, a seller note, and shares of common stock, with additional deferred share consideration subject to stockholder approval. SunPower’s press releases state that the Sunder acquisition was intended to expand its dealer salesforce and help create a larger residential solar company measured by installed megawatts.
Regulatory filings and listing status
SunPower’s SEC filings show that the company is listed on Nasdaq and subject to its continued listing requirements. A Form 8‑K and a separate Nasdaq‑related press release explain that the company received a deficiency notification from Nasdaq because of a delayed filing of its Quarterly Report on Form 10‑Q for a specified quarter. The filings describe Nasdaq Listing Rule 5250(c)(1), the company’s plan submission timeline to regain compliance, and that the letter had no immediate effect on the listing or trading of the company’s common stock or warrants.
The company also filed a Form 12b‑25 (Notification of Late Filing) explaining that its Quarterly Report on Form 10‑Q for the quarter ended September 28, 2025 could not be filed on time due to the need for additional time to compile and process information. The filing states that the company expected to file the report within the permitted extension period.
Technology and product development
In a press release dated January 7, 2026, SunPower announced a joint development agreement (JDA) with REC Group, described as a leading solar panel manufacturer for the U.S. residential market. Under this JDA, the companies aim to develop, engineer, and commercialize high‑wattage, frameless bifacial solar panels for residential and light commercial solar markets. The first product under this agreement is referred to by SunPower as the “Monolith” solar panel. The release notes that SunPower has exclusive rights to a panel officially named REC Alpha Pure‑TX 470W and discusses plans to upgrade it to a bifacial configuration.
In the same release, SunPower’s Chairman and CEO refers to SunPower’s history of innovation in solar cell and panel technology since its founding in 1985 and notes that by the time of the SPWR initial public offering in 2005, SunPower had developed advanced solar panels and manufactured them on fully automated lines. This provides historical context for the company’s involvement in solar technology and manufacturing.
Corporate evolution
SunPower’s SEC filings describe a corporate evolution involving a prior entity and a domestication process. The S‑1 registration statement notes that on July 17, 2023, a Cayman Islands entity referred to as FACT filed an application for deregistration in the Cayman Islands and filed a certificate of incorporation and certificate of corporate domestication with the Secretary of State of Delaware, changing its name to Complete Solaria, Inc. Subsequent filings and the October 2025 Certificate of Amendment then reflect the change of the corporate name from Complete Solaria, Inc. to SunPower Inc., with the stock continuing to trade under the symbol SPWR.
Frequently asked questions (FAQ)
- What does SunPower Inc. do?
SunPower Inc. describes itself as a solar technology, services, and installation company and a leading residential solar services provider in North America. It focuses on providing residential solar services supported by a digital platform and installation capabilities for homeowners seeking a more energy‑efficient lifestyle. - What market does SunPower primarily serve?
In its news releases, SunPower consistently identifies itself as a residential solar services provider in North America, indicating that its primary focus is on the residential solar market and homeowners in that region. - On which exchange is SunPower stock traded and under what symbol?
SEC filings state that SunPower’s common stock is listed on the Nasdaq Global Market under the symbol SPWR. The company’s warrants trade on the Nasdaq Capital Market under the symbol SPWRW. - How does SunPower describe its business model?
SunPower’s disclosures characterize its business as combining solar technology with services and installation work, supported by a digital platform. The company states that these capabilities support the energy needs of customers who want to transition to a more energy‑efficient lifestyle. - Has SunPower changed its corporate name?
Yes. Form 8‑K filings explain that the company was previously named Complete Solaria, Inc. and that a Certificate of Amendment was filed in Delaware to change the corporate name to SunPower Inc. The filings note that this name change became effective in October 2025. - What acquisitions has SunPower recently completed?
According to Forms 8‑K and related press releases, SunPower completed the acquisition of Sunder Energy LLC via a Membership Interest Purchase Agreement and later acquired Ambia Energy, LLC (Ambia) through another Membership Interest Purchase Agreement. Both transactions involved equity consideration and, in the case of Sunder, cash and a seller note. - How does SunPower describe its position in the U.S. residential solar market?
In press releases discussing the Sunder and Ambia transactions, SunPower states that these acquisitions helped create the No. 5 residential solar company in the U.S., measured in installed megawatts as reported by Ohm Analytics. The company also describes itself as a leading residential solar services provider in North America. - What is the relationship between SunPower and White Lion Capital LLC?
A Form S‑1 and a press release explain that SunPower entered into a Common Stock Purchase Agreement with White Lion Capital LLC, establishing an equity line of credit. Amendments to this agreement increased the commitment amount, and SunPower filed registration statements to register shares issuable to White Lion under this arrangement. - What is the SunPower‑REC partnership?
In a January 2026 press release, SunPower announced a joint development agreement with REC Group to develop, engineer, and commercialize high‑wattage, frameless bifacial solar panels for residential and light commercial markets. The first product under this agreement is referred to as the “Monolith” solar panel, and SunPower notes that it has exclusive rights to a specific REC panel model. - Has SunPower received any listing‑related notices from Nasdaq?
Yes. A Form 8‑K and a press release explain that SunPower received a deficiency notification letter from Nasdaq because it did not timely file its Quarterly Report on Form 10‑Q for a specified quarter, as required by Nasdaq Listing Rule 5250(c)(1). The filings state that the notice did not have an immediate effect on the listing or trading of the company’s common stock or warrants and describe the process for submitting a plan to regain compliance.