About the Company
SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company purchased a controlling interest in SunPower for US$1.37 billion in 2011. The company previously developed and manufactured photovoltaic panels, before spinning off that part of its business in 2020 as Maxeon Solar Technologies. The company had also previously marketed its products to commercial and industrial customers before agreeing to sell that business line to TotalEnergies in February 2022.
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Latest $SPWR News
Enphase Energy and SunPower: Solar stocks sliding
Shares of solar tech maker Enphase Energy (ENPH) are moving lower Wednesday after the company posted its first-quarter report ...
SunPower Slides After Disclosing Plans to Restate Earnings
SunPower Corp. tumbled the most in four months after disclosing plans to restate almost two years of financial results.
California-based solar-power firm cutting 1,000 workers
SunPower Corp. will eliminate more than 25% of its workforce as the company copes with a prolonged slump in the rooftop ...
SunPower to cut nearly 25% of workforce, including direct residential sales
SunPower principal executive officer Tom Werner today released a letter to employees that announces layoffs and division ...
SunPower To Cut Jobs After its Stock Gets Hammered
Just a day after announcing it would restate the past two years of financial results, beleaguered SunPower Corp. on Wednesday said it would reduce its workforce ...
Solar firm SunPower to cut jobs, wind down most of residential direct sales
SunPower plans to reduce its workforce by about 1,000 people in the coming days and weeks and move away from most of its ...
Sunpower Corp (NASDAQ: SPWR) Still Pointing Downwards
The trading price of Sunpower Corp (NASDAQ:SPWR) closed lower on Monday, April 22, closing at $2.14, -3.17% lower than its ...
Truist Financial Reaffirms Their Hold Rating on SunPower (SPWR)
Truist Financial analyst Jordan Levy maintained a Hold rating on SunPower (SPWR – Research Report) today. The company’s shares ...
SunPower to Cut Almost One-Third of Workforce Amid Sales Slump
SunPower Corp. will eliminate almost one-third of its workforce as the company copes with a prolonged slump in the rooftop solar business.
SunPower plunges after disclosing plans to restate earnings
SunPower's stock tumbles to multiyear low as it discloses misstatements in financial statements, plans to restate two years ...
SunPower ceases residential installations, lays off 1,000
SunPower just sent an email to its employees saying that it will "wind down" residential solar installations and lay off 1,000 employees.
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