Earnings summaries and quarterly performance for SUNPOWER CORP.
Research analysts covering SUNPOWER CORP.
Recent press releases and 8-K filings for SPWR.
SunPower Inc. completes acquisition of Cobalt Power Systems, Inc.
SPWR
M&A
New Projects/Investments
- SunPower Inc. completed the acquisition of all outstanding stock of Cobalt Power Systems, Inc. on February 2, 2026, following a Share Purchase Agreement dated January 30, 2026.
- The initial consideration for the acquisition included 1.8 million shares of SunPower's common stock issued at closing.
- Additional consideration involves issuing $3.33 million of shares of common stock on the 12-month anniversary and another $3.33 million of shares on the 18-month anniversary of the closing.
- SunPower also agreed to issue up to $2 million of restricted stock units to continuing Cobalt employees and 850,000 restricted stock units as inducement grants to certain Cobalt key employees.
- The total consideration shares are subject to a Consideration Share Limit of 22,442,429 shares, which may require shareholder approval if exceeded.
4 days ago
SunPower Inc. Issues Convertible Promissory Note and Enters Equity Purchase Agreement
SPWR
Debt Issuance
- SunPower Inc. issued a $3,300,000 convertible promissory note on January 29, 2026, to the Rodgers Massey Revocable Living Trust.
- This note is part of a broader financing arrangement, including a Standby Equity Purchase Agreement (SEPA) with YA II PN, LTD., under which the company may issue up to $25 million in common stock and up to $20,000,000 in convertible promissory notes.
- The $3,300,000 note is convertible into a maximum of 1,783,783 shares of Common Stock at a rate of 540.5405 shares per $1,000 principal amount, subject to customary anti-dilution adjustments.
- The issuance of these securities was made in reliance upon exemptions from registration under the Securities Act.
- The note includes provisions for acceleration in case of an Event of Default, such as bankruptcy or uncured judgments exceeding $10,000,000.
8 days ago
SunPower Announces National Battery Storage Initiative
SPWR
New Projects/Investments
Product Launch
- SunPower has launched a strategic initiative to make home battery storage more accessible to American families.
- The initiative involves partnerships with The Cool Down, a lifestyle media platform; Palmetto, which offers LightReach financing to remove upfront cost barriers; and Enphase Energy, supplier of the IQ Battery 10C.
- SunPower's role is to install and provide 15 years of support for these premium battery systems.
- The program is available to homeowners in the 45 states serviced by SunPower, with priority access for existing customers.
Jan 29, 2026, 1:00 PM
SunPower Announces Record Q4 2025 Financials and 2026 Guidance
SPWR
Earnings
Guidance Update
M&A
- SunPower reported record preliminary unaudited non-GAAP revenue of $88.5 million and operating income of $3.5 million for Q4 2025, contributing to a profitable full year 2025 with $308.8 million in revenue and $10.9 million in operating income.
- For Q1 2026, the company expects $84 million in revenue and $2.0 million in operating income, anticipating continued profitability throughout 2026.
- Strategic acquisitions, including Sunder and Ambia, contributed to revenue growth and an expanded salesforce of 1977 representatives at quarter-end, with a Letter of Intent signed to acquire Cobalt Power Systems Inc..
- To enhance financial stability, SunPower increased its Equity Line of Credit to $55 million and achieved record employee productivity of $445,000 revenue per employee per year.
Jan 20, 2026, 2:44 PM
SunPower Amends Stock Purchase Agreement with White Lion Capital
SPWR
- SunPower Inc. and White Lion Capital, LLC entered into Amendment No. 3 to their Common Stock Purchase Agreement on January 11, 2026.
- The amendment extends the Commitment Period to the earlier of December 31, 2027, or when the aggregate commitment amount is purchased.
- The Commitment Amount has been increased to $35,000,000, or $55,000,000 if authorized by the Company's stockholders.
- A new mechanism, the "Three Hour Rapid Purchase Notice," allows SunPower to sell shares to White Lion based on the lowest traded price during a three-hour valuation period.
- Sales of common stock under this agreement are exempt from registration under Section 4(a)(2) of the Securities Act of 1933.
Jan 12, 2026, 9:59 PM
SunPower Inc. Outlines Growth Strategy and Q3 2025 Results
SPWR
M&A
Guidance Update
Revenue Acceleration/Inflection
- SunPower Inc. reported Q3 2025 operating income of $3.12 million and projects Q4 2025 operating income of $3.56 million.
- The company is pursuing significant growth through the acquisition of SunPower assets for $45 million, and the integration of Sunder Energy and Ambia.
- These acquisitions are expected to help scale the company's revenue from $300 million in 2025 to $1 billion in 2028.
- To fund these initiatives, SunPower has a convertible debenture portfolio totaling $153.0 million.
- As of December 1, 2025, the integration of Sunder Energy is 66% complete, and Ambia's integration is 19% complete.
Dec 4, 2025, 9:06 PM
SunPower Receives Nasdaq Deficiency Notice and Issues Convertible Note to CEO
SPWR
Delisting/Listing Issues
Debt Issuance
Convertible Preferred Issuance
- SunPower Inc. received a deficiency notification letter from Nasdaq on November 19, 2025, for the delayed filing of its Q3 2025 Quarterly Report on Form 10-Q. The company has 60 calendar days to submit a plan to regain compliance.
- On November 20, 2025, the company issued a $2,000,000 convertible promissory note to a trust controlled by its CEO and Executive Chairman, Thurman J. Rodgers.
- The note carries a 12% interest rate and is convertible into a maximum of 1,253,918 shares of Common Stock.
Nov 24, 2025, 9:50 PM
SunPower Signs LOI to Acquire Ambia Solar
SPWR
M&A
Guidance Update
Revenue Acceleration/Inflection
- SunPower Inc. has signed a non-binding Letter of Intent to acquire Ambia Solar for $37.5 million in equity, with the transaction anticipated to close in Q4 2025.
- The acquisition is expected to add $83.6 million in annual revenue to SunPower, commencing in Q1 2026.
- This acquisition is projected to reinforce SunPower's financial forecasts, contributing to record revenue and operating income in Q4 2025 and sustained profitability in Q1 2026.
- Ambia's backlog is 72% Third Party Ownership (TPO) at closing, which is strategically beneficial as the Investment Tax Credit (ITC) for individual homeowners is set to expire in Q1 2026.
Nov 12, 2025, 11:07 AM
SunPower Announces Preliminary Q3 2025 Results and Q4 2025 Forecast
SPWR
Earnings
Guidance Update
M&A
- SunPower reported preliminary unaudited Q3 2025 revenue of $70.0 million and non-GAAP operating income of $3.12 million, marking a post-acquisition record.
- The company forecasts record revenue of $83.3 million and operating income of $3.56 million for Q4 2025, with an estimated total 2025 revenue of $303 million and $12.0 million in operating income.
- SunPower completed the acquisition of Sunder Energy, which expanded its reach to 45 states and increased its dealer salesforce to 1,744 members.
- The cash balance at the end of Q3 2025 was $4.11 million, and the company is actively raising money.
Oct 21, 2025, 1:39 PM
SunPerp Announces Platform Enhancements and $200 Million Co-Creation Fund
SPWR
New Projects/Investments
Product Launch
- SunPerp and HTX have launched a $200 million "Sail Together" Co-Creation Fund, with each contributing $100 million, to support crypto traders impacted by recent market volatility, offering compensation ranging from 5 USDT to 5,000 USDT.
- The platform has officially integrated multiple mainstream blockchains including TRON, Ethereum, BNB Chain, and Arbitrum for deposits and trading, with plans to add two new blockchains weekly and support multiple stablecoins like USDC and USDD.
- SunPerp's trading depth has significantly improved, with BTC depth up 203% to 271% and ETH depth up 159% to 240% across various levels as of October 16.
- New user benefit programs include up to 55% off trading fees, 12% APY with USDT Auto Earn, and 20% lifetime commission.
Oct 20, 2025, 11:14 AM
Quarterly earnings call transcripts for SUNPOWER CORP.
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