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SPWR · NASDAQ · Solar

SunPower

Installs residential solar and storage for homeowners and home builders, with a dealer channel.

$0.3033
After-hours close+0.01 (+4.01%)
At close$0.2916(−1.59%)
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Profile

SunPower Inc.SPWRInformation Technology

Installs residential solar, storage, and battery systems for homeowners, while its New Homes business serves home builders. A Dealer segment uses a third-party sales force to originate and execute customer contracts across the United States.

Installs residential solar systems, storage, and batteries for homeowners. Residential Solar Installation is the core customer offering, while New Homes installs solar systems for home builders.

Operates a channel model that pairs sales partners with local construction specialists. The company provides software, sales support, and brand identity, while its Dealer business uses a third-party sales force to originate and execute customer contracts across the United States.

Built the current operating network through acquisitions that brought in Blue Raven Solar, the New Homes business, and a non-installing dealer network. Demand depends in part on solar-support programs, incentives, renewable standards, and residential net-metering rules.

Company facts

CEOThurman J. Rodgers
ListedJul 18, 2023
ExchangeNASDAQ
HeadquartersOrem, UT
CountryUnited States
Employees785
CIK0001838987
ISINUS20460L1044

Key statistics

Market cap$49.7M
EPS (ttm)−$0.0202
P/E (ttm)−14.50
ROE26.1%
P/B−0.9463
P/S0.1790
Dividend yield
Beta2.24vs XLK 0.99

Year to date −82.3% · Average volume (30d) 6.1M

Analysts

Price target, next 12 months$17.00+5,762.1%Median of 45 analysts · vs the Aug 28 close
ConsensusHold10 of 45 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingTarget
Sep 29, 2025Cantor FitzgeraldTarget$6
Sep 26, 2025Northland SecuritiesTarget$5.40
Mar 13, 2025Janney Montgomery ScottDowngradeBuyNeutral

Earnings

EPS

Estimate−$0.11
Reported−$0.08+28.6%

Revenue

Estimate$76.0M
Reported$56.0M−26.4%

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jul 28, 2026Q2 FY26−$0.11−$0.08+28.6%$76.0M$56.0M−26.4%+4.28%
May 12, 2026Q1 FY26$0.01−$0.11−1,150.0%$77.5M$72.8M−6.1%+9.28%
Jan 20, 2026Q4 FY25−$0.03−$0.030.0%$88.0M$88.5M+0.6%+6.47%
Dec 19, 2025Q3 FY25−$0.03−$0.19−660.0%$69.0M$70.0M+1.5%−1.72%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$78.4M$67.5M$70.0M$79.7M$72.8M$54.9M
Gross profit$27.4M$28.8M$32.0M$35.9M$44.7M$22.7M
Operating income−$3.7M−$2.7M−$3.4M−$21.8M−$19.2M−$23.5M
Net income$4.8M−$22.4M−$16.9M−$14.2M$5.3M$6.9M
Diluted EPS$0.02−$0.05−$0.02−$0.00$0.00$0.00
Gross margin34.9%42.6%45.8%45.0%61.4%41.3%
Operating margin-4.8%-4.0%-4.9%-27.4%-26.4%-42.8%

Fiscal years (4-quarter sums)FY21 $1.17B · FY22 $1.74B · FY23 $942.9M · FY24 $108.7M · FY25 $295.7M

Revenue by product · FY24

Reportable Subsegments$108.7M · 100%

Balance sheet, Jun 28, 2026Cash & short-term investments $4.1M · Total debt $132.0M · Total assets $250.2M · Shareholders' equity −$26.3M

Dividends

No dividends on record.

Ownership

Institutions Insiders 4.06%

Shares outstanding 169.58M · Float 106.24M · 62.7% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Thurman J. Rodgers59.16M39.40%13DJul 6, 2026
Alyeska Investment Group, L.P.10.20M9.16%13GMay 15, 2026
Carlyle Group Inc.6.39M5.40%13GFeb 13, 2026
Devin Whatley · director5.83M3.44%Form 4Feb 18, 2026
KHP Fund GP LLC4.05M5.30%13GFeb 5, 2025

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Apr 8, 2026Thurman J. Rodgersdirector, 10 percent owner, officer: Chief Executive Officer0
Jan 29, 2026Thurman J. Rodgersdirector, 10 percent owner, officer: Chief Executive Officer0
View details

Peers

  • Sunrun

    Nationwide home solar, battery-storage, and subscription-system peer

  • Tesla

    Integrated rooftop solar and Powerwall alternative for homeowners

  • Zeo

    Vertically integrated residential solar installer and service peer

  • SolarEdge Technologies

    Solar inverter, battery, and home-energy platform alternative

  • Generac

    PWRcell storage and solar-power-electronics alternative

CompareAfter-hours close

CompanyPriceChange
SunPower$0.3033+4.01%$49.7M0.2−17.1%
Sunrun$8.80+0.27%$2.09B5.913.70.6+52.8%
Tesla$348.19−0.16%$1.38T322.9174.613.3+25.5%
Zeo$0.2980+4.63%$9.9M0.1−10.7%
SolarEdge Technologies$31.18−0.80%$1.91B81.21.4+19.6%
Generac$185.00+0.65%$10.82B42.418.22.4+10.6%
Median42.449.71.4+19.6%