Post Tagged with: "SunPower"

COVID-19 response: SunPower cuts salaries, expenses to save nearly $50 million

COVID-19 response: SunPower cuts salaries, expenses to save nearly $50 million

March 25, 2020 at 4:41 pm 0 comments

SunPower Corp. just announced a number of moves to manage its business during these COVID-uncertain times. The company believes these actions will position it well for when the solar industry returns to strong growth. (Here’s our most recent roundup of solar-related COVID-19 news tidbits). “During these unprecedented times, our primaryRead More

SunPower offering localized, solar energy at lower prices to New England homeowners through virtual power plant after auction bid win.

SunPower to aggregate residential customers in New England as a virtual power plant

March 16, 2020 at 9:17 am 0 comments

SunPower recently executed on its plan toward becoming an energy services provider when it was selected to deliver close to 11 MWdc of solar power in New England as a result of the region’s 14th Forward Capacity Auction (FCA 14). The auction is held annually to ensure that the sixRead More

SunPower earnings show big bump in residential solar in Q4, issues with commercial deal execution

SunPower earnings show big bump in residential solar in Q4, issues with commercial deal execution

February 13, 2020 at 12:59 pm 0 comments

Despite missing its earnings forecast targets and not meeting analyst expectations, SunPower still had a pretty solid 2019. It is still figuring out the mechanics of spinning off its PV manufacturing business late last year, but the company’s full-year 2019 earnings report shows a big bump in its residential solarRead More

SunPower names CFO for Maxeon, plans to eliminate 3 percent of its workforce

SunPower names CFO for Maxeon, plans to eliminate 3 percent of its workforce

January 6, 2020 at 4:45 pm Comments are Disabled

SunPower is kicking off 2020 with announcements and filings connected to its split into two independent (but aligned) publicly-traded companies in November last year – SunPower and Maxeon Solar Technologies, the latter being the manufacturer of its solar panels. “SunPower Corp is exiting from the manufacturing business to strengthen its focusRead More

SunPower offers 22 million shares in public stock offering

SunPower offers 22 million shares in public stock offering

November 18, 2019 at 9:23 am Comments are Disabled

SunPower Corporation is offering to sell, subject to market and other conditions, 22 million shares of its common stock through an underwritten public offering. SunPower also intends to grant the underwriters an option, exercisable for 30 days after the date of the final prospectus supplement, to purchase up to anRead More

Does SunPower’s exit from PV manufacturing signal a changing trend?

Does SunPower’s exit from PV manufacturing signal a changing trend?

November 15, 2019 at 10:22 am Comments are Disabled

Following the recent announcement that SunPower, one of America’s largest solar-panel makers, is to exit from the manufacturing business, Mohit Prasad, Project Manager at GlobalData, a data and analytics company, sent us his view: that, even despite the tariffs, there might be more U.S. companies exiting the PV manufacturing space.Read More

2019 Solar Builder Editor’s Choice Projects of the Year

2019 Solar Builder Editor’s Choice Projects of the Year

November 12, 2019 at 9:00 am 1 comment

Best LMI Concept The Maycroft Resiliency Center | Washington, D.C. | 62 kW Developers: PEPCO, Jubilee Housing, New Partners Community Solar, Clean Energy Group Contractors: Solar Solution, SunCatch Energy Modules: Boviet Inverters: Enphase, Schneider Storage: Simpliphi Mounting: PanelClaw Jubilee Housing and PEPCO, along with New Partners Community Solar and theRead More

SunPower splits into two companies after investment to scale up Maxeon 5 solar panels

SunPower splits into two companies after investment to scale up Maxeon 5 solar panels

November 11, 2019 at 9:43 am Comments are Disabled

SunPower plans to separate into two independent (but aligned) publicly-traded companies – SunPower and Maxeon Solar Technologies. Each company will focus on distinct offerings built on extensive experience across the solar value chain: SunPower will continue as the distributed generation, storage and energy services company. Newly-formed Maxeon Solar will beRead More

Brisbane, Calif. asked for solar production instead of just pricing in this bid and Sunterra Solar delivered

Brisbane, Calif. asked for solar production instead of just pricing in this bid and Sunterra Solar delivered

October 11, 2019 at 9:31 am Comments are Disabled

A new 168-kilowatt solar energy system is now operational in the City of Brisbane, Calif., thanks to Sunterra Solar. The SunPower rooftop PV system was installed on Brisbane’s City Hall as part of the City’s comprehensive sustainability and energy efficiency program. In its first six months of operation, the city’sRead More

Contra Costa County uses SunPower to hedge against peak electric rates

Contra Costa County uses SunPower to hedge against peak electric rates

October 8, 2019 at 8:30 am Comments are Disabled

Contra Costa County in California recently selected SunPower to deploy a mix of Helix Roof and Carport solar systems at 10 locations totaling 3.7 megawatts, which is expected to offset approximately 68 percent grid electricity and save $16.5 million in energy costs over 25 years. Three of those sites willRead More