FirstSolar, Enphase and SunPower are among the renewable energy stocks that are benefiting from a much friendlier administration in the White House, whose agenda includes tackling climate change and bolstering green energy. The future looks bright for solar and other renewable energy technology. FirstSolar, Enphase and SunPower are among the renewable energy stocks that are […]
SunPower raises 2020 guidance as install backlog, gross margin soar
US distributed solar and storage firm SunPower has joined the ranks of US installers to bounce back from a COVID hit Q2, while raising its guidance for the full year. Reporting its Q3 performance yesterday – SunPower’s first since its solar manufacturing business unit SunPower Technologies was spun out as a separate entity dubbed Maxeon […]
Terabase Raises $6M Series A to Lower Cost of Utility-Scale Solar
The startup from SunPower alums tracks 100 different components of large-scale solar development, to squeeze out cost wherever possible. A year after launching, solar software startup Terabase Energy has raised $6 million to keep growing its team and services. The Berkeley-based company emerged when SunPower wound down its project development business. Several former SunPower employees […]
SunPower and Maxeon Solar Technologies Close Spin-Off Transaction
SAN JOSE, Calif. : SunPower (NASDAQ:SPWR) and Maxeon Solar Technologies (NASDAQ:MAXN) today announced that they completed the strategic transaction announced last November, separating into two independent public companies. Each will now focus on their critical success factors for their respective business models. “Now is the right time for this strategic spin-off, allowing both SunPower and […]
SunPower Completes Spinoff of Manufacturing Assets to Newly Formed Company Maxeon
The two companies plan to continue working together closely in the coming years. Distributed solar and storage company SunPower and panel manufacturer Maxeon Solar Technologies finalized their split on Thursday. The transaction, first announced in November, will allow SunPower to focus on its core business of residential and commercial solar and storage sales while Maxeon […]
SolarEdge, Enphase Hit by Sharp Slowdown in Solar Installations During Pandemic’s Depths
Orders are rising again in the U.S. solar market, but “the rate of that recovery is questionable,” says SolarEdge CEO Zvi Lando. Residential solar inverter rivals SolarEdge and Enphase faced the same headwinds from the COVID-19 pandemic in the second quarter, with both companies reporting a downturn in Q2 revenue. However, both companies also laid out […]
SunPower, Enphase work jointly on new Maxeon solar module
SunPower Corp (NASDAQ:SPWR) and Enphase Energy Inc (NASDAQ:ENPH) have formed a strategic partnership to produce a new solar module with a factory-integrated microinverter. More specifically, the pair will make the Enphase Energized Maxeon AC Module with a seventh-generation Enphase IQ microinverter. The solar module will make use of Enphase’s software-defined architecture and semiconductor integration, and […]
SunPower Secures $1 Billion in Solar + Storage Financing Through New Partnership with Tech CU
Four-Year Commitment Diversifies Funding Resources for Homeowners Looking to Go Solar SAN JOSE, Calif.: SunPower Corp. (NASDAQ:SPWR) today announced that a new $1 billion partnership with Technology Credit Union (Tech CU) will increase financing options for qualified U.S. residential solar customers. The new partnership will give SunPower access to capital for its loan program. There […]
SunPower Halts All Global Manufacturing, Cuts Employee Workweek
The stoppage does not affect SunPower’s plan to spin off its manufacturing arm, called Maxeon Solar Technologies, by the middle of the year. SunPower on Monday announced a pause on its global manufacturing and work cutbacks for all other employees, while further reducing executive salaries. A filing with the Securities and Exchange Commission detailing the […]
California Seeks to Shift Major Battery Incentive Toward Fire, Blackout Resiliency
CPUC proposes to spend $613 million of total $1.2 billion SGIP budget through 2024 on battery-solar systems for high-fire-risk customers. Over its 13-year history, California’s Self-Generation Incentive Program has been the state’s primary driver for distributed solar, biomass power systems, fuel cells. and, over the past half-decade or so, behind-the-meter batteries. Now California regulators are […]