Scale rivaling utility players. Power shutoffs. And a whole lot of batteries. Here are the latest trends in the U.S. home solar market. Fall earnings season brought a barrage of new data on the performance of rooftop solar installers, since all the large national players are publicly traded. For one thing, the national residential solar […]
SunPower Announces Pricing of Public Offering of Common Stock
SAN JOSE, Calif : SunPower Corporation (NASDAQ:SPWR) today announced the pricing of an underwritten public offering of 22 million shares of its common stock at a price of $7.00 per share. SunPower also granted the underwriters a 30-day option to purchase up to an additional 3.3 million shares of its common stock in the public […]
Maxeon Aims to ‘Outgrow the Market’ After Splitting From SunPower
Separated from U.S.-based SunPower, Maxeon may have a freer hand to seek its lowest-cost manufacturing options in China. Last week, the solar industry met Maxeon Solar Technologies, a spinoff that will pull SunPower’s global solar panel manufacturing and sales into a new company based in Singapore. Expected to close next year, the split will leave […]
One of America’s Biggest Solar Panel Makers Quits Manufacturing
SunPower Corp., one of America’s largest solar-panel makers, is giving up its manufacturing business to focus on installing rooftop solar systems. The company is spinning off its panel production operations into a new company, Maxeon Solar, that will be based in Singapore with factories in France, Malaysia, Mexico and the Philippines, according to a statement […]
SunPower To Create Two Independent, Industry-Leading, Publicly-Traded Companies
$298 Million New Strategic Capital Investment to Support Scale-Up of Maxeon 5 Investor’s Call Today at 5:30 a.m. Pacific SAN JOSE, Calif.: SunPower (NASDAQ:SPWR) today announced plans to separate into two independent, complementary, strategically-aligned and publicly-traded companies – SunPower and Maxeon Solar Technologies (Maxeon Solar). Each company will focus on distinct offerings built on extensive […]
SunPower Reports Third Quarter 2019 Results
Record Shipments, Continued Strength Across Global Distributed Generation Markets SAN JOSE, Calif.: SunPower Corp. (NASDAQ:SPWR) today announced financial results for its third quarter ended Sept. 29, 2019. Third Quarter Company Highlights Continued strength in U.S. and international distributed generation (DG) markets Generated positive cash at the business unit level for the quarter SunPower Energy Services (SPES) Record […]
SunPower Building New 35-Megawatt DC Solar Project to Supply Renewable Energy to Chevron’s Lost Hills Oil Field
Largest Solar Electric System in California’s Net Energy Metering Program Once Fully Operational SAN JOSE Calif. : SunPower (NASDAQ:SPWR) today announced construction is underway on the Lost Hills Solar Project. The 35-megawatt DC (29-megawatt AC) system will feature Performance Series solar panels assembled in Hillsboro, Oregon, and deliver low-carbon electricity to Chevron’s (NYSE: CVX) Lost […]
SunPower Partners with Hannon Armstrong to Safe Harbor 200 Megawatts of Solar
Action will Preserve 30 Percent Investment Tax Credit for Commercial PPA and Residential Lease Customers Through Mid-2022 SAN JOSE, Calif.: SunPower (NASDAQ:SPWR) announced today that it has entered into a joint venture with Hannon Armstrong Sustainable Infrastructure Capital, Inc. (Hannon Armstrong) (NYSE: HASI), to acquire and deploy 200 megawatts (MW) of safe harbored panels, preserving the […]
SunPower Design Studio Enables Millions of Future Solar Homeowners to Create Custom Solar Designs Instantly
New Digital Experience Builds on Company’s Strategic Investment in Software and Machine Learning Technology to Generate Residential Demand SAN JOSE, Calif.: Following the introduction of Instant Design at Google Cloud Next ’19, SunPower (NASDAQ:SPWR) today launched its Design Studio, a web application that combines Instant Design technology, Google Cloud, and Google Sunroof data to deliver customizable home […]
US Solar Executives Break Down the Odds of an ITC Extension
The chances of an ITC extension have improved, though it still looks like an uphill battle, solar executives say. With the end of 2019 approaching, the impending phase-down of the federal Investment Tax Credit is top of mind for solar executives. Unlike the ambivalence within the wind industry about an extension of its Production Tax […]