OverviewSuggest Edit

SunPower is a company that provides solar solutions to residential, commercial, and power plant customers. It offers crystalline silicon photovoltaic cells and solar panels based on an all-back-contact solar cell. It operates through two business segments, including SunPower Energy Services and SunPower Technologies.

TypePublic
Founded1985
HQSan Jose, US
Websitesunpower.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2019)8,400(+28%)
Job Openings180
Revenue (FY, 2019)$1.9 B(+9%)
Share Price (Oct 2020)$16.9 (+3%)
Cybersecurity ratingFMore

Key People/Management at SunPower

Peter Aschenbrenner

Peter Aschenbrenner

Executive Vice President, Corporate Strategy and Business Development
Ken Mahaffey

Ken Mahaffey

Executive Vice President and General Counsel
Tom Werner

Tom Werner

CEO and Chairman of the Board
Norm Taffe

Norm Taffe

Executive Vice President, North America Residential
Manavendra Sial

Manavendra Sial

Executive Vice President and Chief Financial Officer
Douglas J. Richards

Douglas J. Richards

Executive Vice President, Administration
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SunPower Office Locations

SunPower has offices in San Jose, Anaheim, Austin, Boston and in 13 other locations
San Jose, US (HQ)
51 Rio Robles
Anaheim, US
2125 E Katella Ave #220
Austin, US
8900 Amberglen Blvd 3rd floor
Austin, US
Domain Gateway, 2900 Esperanza Crossing
Boston, US
262 Washington St #700
Hamilton Township, US
300 American Metro Blvd #230
Show all (18)

SunPower Financials and Metrics

SunPower Revenue

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SunPower's revenue was reported to be $1.86 b in FY, 2019
USD

Revenue (Q2, 2020)

347.7m

Gross profit (Q2, 2020)

18.5m

Gross profit margin (Q2, 2020), %

5.3%

Market capitalization (23-Oct-2020)

2.9b

Closing stock price (23-Oct-2020)

16.9

Cash (28-Jun-2020)

235.3m

EV

3.2b
SunPower's current market capitalization is $2.9 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.4b2.5b3.0b1.6b2.6b1.9b1.7b1.9b

Revenue growth, %

21%(48%)62%(27%)

Cost of goods sold

2.2b2.0b2.4b1.3b2.4b1.9b2.0b1.7b

Gross profit

246.4m491.1m625.1m244.6m190.0m(15.3m)(297.1m)125.9m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

494.1m595.9m648.9m576.5m657.1m692.4m507.9m662.7m440.9m381.0m380.2m729.0m384.9m420.5m399.0m337.0m477.2m391.9m449.1m428.3m348.2m436.3m476.0m449.2m347.7m

Cost of goods sold

448.9m522.4m568.2m468.7m463.9m529.4m413.7m554.2m350.1m310.1m317.6m600.0m333.3m379.2m430.0m322.0m461.5m381.6m759.3m418.5m385.5m416.5m427.7m411.7m329.2m

Gross profit

45.2m73.5m80.8m107.9m193.2m163.0m94.1m108.5m90.8m70.9m62.6m129.0m51.5m41.3m(31.0m)15.0m15.7m10.2m(310.2m)9.8m(37.3m)19.8m48.3m37.4m18.5m

Gross profit Margin, %

9%12%12%19%29%24%19%16%21%19%16%18%13%10%(8%)4%3%3%(69%)2%(11%)5%10%8%5%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

457.5m762.5m956.2m954.5m425.3m425.3m309.4m423.0m

Accounts Receivable

398.2m360.6m504.3m190.4m219.6m219.6m175.6m226.5m

Prepaid Expenses

613.1m646.3m328.8m131.2m121.2m

Inventories

291.4m245.6m208.6m382.4m401.7m401.7m308.1m358.3m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(352.0m)33.6m183.1m(299.4m)(543.8m)(1.1b)(917.5m)(7.7m)

Depreciation and Amortization

108.7m98.2m108.8m138.0m174.2m188.7m127.2m80.1m

Inventories

28.3m6.2m(1.2m)(240.0m)(70.0m)(38.2m)(39.2m)(128.4m)

Accounts Payable

91.6m120.6m45.8m(192.1m)(127.3m)79.4m
USDQ1, 2013

Financial Leverage

2.6 x
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SunPower Cybersecurity Score

Cybersecurity ratingPremium dataset

F

58/100

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SunPower Online and Social Media Presence

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SunPower News and Updates

SunPower Stock Up More Than 2x Since March: Overvalued?

After a 3x rise since its low in March, at the current price of around $10 per share (as markets closed on 17th September) we believe SunPower stock has reached its near term potential. The stock has crossed the level it was at before the drop in March, but in reality, demand and revenues will...

Roof Solar Photovoltaic Installation Market Future Outlook - Jinko Solar, Trina Solar, Canadian Solar, JA Solar, Hanwha, First Solar, Yingli, SunPower, Sharp, Solarworld, Eging PV, Risen

WiseGuyRerports.com Presents “Global Roof Solar Photovoltaic Installation Market Insights and Forecast to 2026” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Community Comes Together to Help a Local Teacher Get a Free Solar System from SunPower by The Solar Quote

STOCKTON, Calif., Sept. 15, 2020 /PRNewswire/ -- Every year, SunPower by the Solar Quote hosts an event called 'Extreme Solar Makeover.' They call on the community to nominate a family in need to receive a SunPower solar system for free. They select a family each year to have a solar...

Up 2x Since March, Is SunPower Now Overpriced?

Despite a 106% rise since the March low of this year, at the current price of around $9 per share we believe SunPower stock (NASDAQ: SPWR) has reached its near term potential. SPWR stock has rallied from $4.50 to $9 off its recent bottom compared to the S&P which moved 42%...

Clairvest Acquires Solar O&M Business of SunPower, Rebrands it as NovaSource Power Services

TORONTO, May 14, 2020 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”) (together “Clairvest”), acquired the solar operations and maintenance (“O&M”) business of SunPower Corporation (NASDAQ: SPWR). Upon c…

Alpha Energy Management Wins SunPower 2019 Commercial National Rising Star Award

FREMONT, Calif., April 6, 2020 /PRNewswire/ -- On March 10, 2020, Alpha Energy Management, Fremont, Ca.-based commercial solar installer, received the SunPower Commercial National Rising Star award for its outstanding performance as a new SunPower Commercial Partner Dealer in the USA in...
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SunPower Blogs

SunPower to Host Virtual Capital Markets Event on Sept. 10, 2020

Event to be Webcast on SunPower Investor Relations Website

SunPower and Maxeon Solar Technologies Close Spin-Off Transaction

TZS Strategic Investment in Maxeon at Greater Than $1 Billion Valuation

SunPower Reports Second Quarter 2020 Results

Strong Global Execution, U.S. Channels Outperformance

Maxeon Solar Technologies Form 20-F Registration Statement Declared Effective by SEC

Expected Spin-off from SunPower Following Proposed Aug. 26, 2020 Distribution Date
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SunPower Frequently Asked Questions

  • When was SunPower founded?

    SunPower was founded in 1985.

  • Who are SunPower key executives?

    SunPower's key executives are Peter Aschenbrenner, Ken Mahaffey and Tom Werner.

  • How many employees does SunPower have?

    SunPower has 8,400 employees.

  • What is SunPower revenue?

    Latest SunPower annual revenue is $1.9 b.

  • What is SunPower revenue per employee?

    Latest SunPower revenue per employee is $221.9 k.

  • Who are SunPower competitors?

    Competitors of SunPower include Hanwha Q CELLS, Shunfeng International Clean Energy and GAF.

  • Where is SunPower headquarters?

    SunPower headquarters is located at 51 Rio Robles, San Jose.

  • Where are SunPower offices?

    SunPower has offices in San Jose, Anaheim, Austin, Boston and in 13 other locations.

  • How many offices does SunPower have?

    SunPower has 18 offices.