sunpower

SunPower has breached a credit agreement, and Enphase Energy has announced layoffs, raising concern over the companies' ability to operate.

US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.

Class action lawsuits have been filed against US domestic solar company SunPower, amidst allegations that company misled investors by failing to disclose that it had inaccurately reported the cost of revenue and inventory metrics.

SunPower has released its preliminary financial results for the second quarter of this year, which include a net loss of US$30 million.

US residential and distributed solar provider SunPower has appointed Audrey Zibelman to its Board of Directors.

US residential PV company SunPower has secured a US$550 million loan from global investment firm KKR to finance its customer loans model.

After this transaction, SunPower can provide customers with loan options at tenors of up to 25 years through SunPower Financial.

Solar module supplier Maxeon Solar Technologies has appointed Matt Dawson as chief technology officer.

Residential solar installer SunPower has invested in its California sales and marketing division to ensure that as many customers can apply for favourable net energy metering (NEM) 2.0 rates.

SunPower has extended its supply agreement with solar technology company Maxeon until 2025 as it seeks to meet rising demand for residential solar in the US.