SunPower

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, CA, US
Websitesunpower.com
Employee Ratings3.9
Overall CultureC+

Latest Updates

Employees (est.) (Jan 2022)3,660(+67%)
Job Openings261
Revenue (FY, 2021)$1.3 B(+18%)
Share Price (Jun 2022)$17.4
Cybersecurity ratingCMore
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Key People/Management at SunPower

Peter Faricy

Peter Faricy

Chief Executive Officer, Chairman and Director
Manavendra Sial

Manavendra Sial

Executive Vice President and Chief Financial Officer
Eric Potts

Eric Potts

Executive Vice President, Commercial Americas
Douglas J. Richards

Douglas J. Richards

Executive Vice President, Chief People Officer
Regan MacPherson

Regan MacPherson

Chief Legal Officer
Pat Wood

Pat Wood

Director
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SunPower Office Locations

SunPower has offices in San Jose, Anaheim, Austin, Boston and in 4 other locations
San Jose, CA, US (HQ)
51 Rio Robles
Anaheim, CA, US
2125 E Katella Ave #220
Austin, TX, US
8900 Amberglen Blvd 3rd floor
Austin, TX, US
9229 Waterford Centre Blvd #110austin
Boston, MA, US
262 Washington St #700
Hamilton Township, NJ, US
300 American Metro Blvd #230
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SunPower Financials and Metrics

SunPower Revenue

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View revenue for all periods
SunPower's revenue was reported to be $1.32 b in FY, 2021 which is a 17.7% increase from the previous period.
USD

Revenue (FY, 2021)

1.3b

Revenue growth (FY, 2021 - FY, 2021), %

17.7%

Gross profit (FY, 2021)

221.6m

Gross profit margin (FY, 2021), %

16.7%

Net income (FY, 2021)

(38.0m)

EBIT (FY, 2021)

(27.5m)

Market capitalization (24-Jun-2022)

3.0b

Closing stock price (24-Jun-2022)

17.4

Cash (2-Jan-2022)

127.1m

EV

3.5b
SunPower's current market capitalization is $3 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.9b1.1b1.3b

Revenue growth, %

8%(40%)18%

Cost of goods sold

1.7b957.7m1.1b

Gross profit

125.9m167.1m221.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

348.2m436.3m476.0m449.2m352.9m274.8m306.4m308.9m323.6m

Cost of goods sold

385.5m416.5m427.7m411.7m331.3m237.7m256.5m247.9m264.0m

Gross profit

(37.3m)19.8m48.3m37.4m21.6m37.1m49.9m61.0m59.7m

Gross profit Margin, %

(11%)5%10%8%6%14%16%20%18%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

423.0m232.8m127.1m

Accounts Receivable

226.5m108.9m126.8m

Prepaid Expenses

121.2m94.3m113.5m

Inventories

358.3m210.6m243.0m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(7.7m)474.0m(38.0m)

Depreciation and Amortization

80.1m48.3m11.5m

Inventories

(128.4m)(29.8m)(5.3m)

Accounts Payable

79.4m(78.3m)(16.3m)
Quarterly
USDQ1, 2019

Debt/Equity

-4.4 x

Debt/Assets

0.4 x

Financial Leverage

-10.4 x
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SunPower Operating Metrics

FY, 2017FY, 2018FY, 2019

Patents (Foreign)

545535688

Patents (US)

507464502

Trademarks (Foreign)

1068159

Trademarks (US)

342632

SunPower Acquisitions / Subsidiaries

Company NameDateDeal Size
Blue Raven SolarOctober 04, 2021$165 m
SolarWorld AmericasApril 18, 2018
SolarBridge TechnologiesNovember 10, 2014
Dragonfly SystemsSeptember 28, 2014
Tenesol SADecember 23, 2011$165.4 m
SunRay Renewable EnergyFebruary 13, 2010$277 m
PowerLight CorporationNovember 15, 2006$332.5 m
SunPower Capital, LLC
SunPower Corporation, Systems
SunPower HoldCo, LLC
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SunPower Revenue Breakdown

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SunPower revenue breakdown by business segment: 14.5% from Commercial, 84.7% from Residential and 0.8% from Other

SunPower Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

SunPower Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

SunPower Online and Social Media Presence

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SunPower Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    B

    71/100

  • Compensation

    C+

    67/100

  • Diversity

    B

    70/100

Learn more on Comparably

SunPower News and Updates

INVESTOR ALERT: Kaskela Law LLC Announces Investigation of SunPower Corp. and Encourages Current SPWR Stockholders to Contact the Firm

PHILADELPHIA, June 25, 2022 (GLOBE NEWSWIRE) -- Investor protection law firm Kaskela Law LLC announces that it is investigating SunPower Corp. (“SunPower” or the “Company”) (NASDAQ: SPWR) on behalf of the company’s current stockholders.

SunPower Releases 2021 Environmental, Social, and Governance (ESG) Report

Makes new commitments to decarbonize operations by converting its U.S. Fleet to Hybrid and Electric Vehicles SAN JOSE, Calif. , June 9, 2022 /PRNewswire/ -- Today, SunPower Corp. (NASDAQ:SPWR) released its 2021 Environmental, Social and Governance (ESG) report. The report provides an...

INVESTIGATION NOTICE: Kaskela Law LLC Announces Stockholder Investigation of SunPower Corporation (NASDAQ: SPWR) and Encourages Long-Term SPWR Stockholders to Contact the Firm

PHILADELPHIA, April 19, 2022 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating SunPower Corporation (NASDAQ: SPWR) (“SunPower” or the “Company”) on behalf of the company’s long-term stockholders.

DEADLINE TODAY REMINDER: The Schall Law Firm Encourages Investors in SunPower Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES, April 18, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against SunPower Corporation ("SunPower" or "the Company") (NASDAQ: SPWR) for violations of §§10(b) and 20(a) of the Securities...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of SunPower Corporation - SPWR

NEW YORK, April 15, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of SunPower Corporation (“SunPower” or the “Company”) (NASDAQ: SPWR).   Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980.

SPWR DEADLINE: Kessler Topaz Meltzer & Check, LLP Reminds Investors of SunPower Corporation of Deadline in Securities Fraud Class Action Lawsuit and Encourages Investors with Substantial Losses to Contact the Firm

RADNOR, Pa., April 14, 2022 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against SunPower Corporation (“S…
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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 Faricy, Manavendra Sial and Eric Potts.

  • How many employees does SunPower have?

    SunPower has 3,660 employees.

  • What is SunPower revenue?

    Latest SunPower annual revenue is $1.3 b.

  • What is SunPower revenue per employee?

    Latest SunPower revenue per employee is $361.6 k.

  • Who are SunPower competitors?

    Competitors of SunPower include Hanwha Q CELLS, Canadian Solar 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 4 other locations.

  • How many offices does SunPower have?

    SunPower has 9 offices.