SunPower
Installs residential solar and storage for homeowners and home builders, with a dealer channel.
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Profile
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
Categories
Key statistics
Year to date −82.3% · Average volume (30d) 6.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Sep 29, 2025 | Cantor Fitzgerald | Target | $6 | ||
| Sep 26, 2025 | Northland Securities | Target | $5.40 | ||
| Mar 13, 2025 | Janney Montgomery Scott | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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 | −$0.03 | 0.0% | $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% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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 margin | 34.9% | 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
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
Shares outstanding 169.58M · Float 106.24M · 62.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Thurman J. Rodgers | 59.16M | 39.40% | 13D | Jul 6, 2026 |
| Alyeska Investment Group, L.P. | 10.20M | 9.16% | 13G | May 15, 2026 |
| Carlyle Group Inc. | 6.39M | 5.40% | 13G | Feb 13, 2026 |
| Devin Whatley · director | 5.83M | 3.44% | Form 4 | Feb 18, 2026 |
| KHP Fund GP LLC | 4.05M | 5.30% | 13G | Feb 5, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 8, 2026 | Thurman J. Rodgers | director, 10 percent owner, officer: Chief Executive Officer | 0 | |
| Jan 29, 2026 | Thurman J. Rodgers | director, 10 percent owner, officer: Chief Executive Officer | 0 |
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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SunPower | $0.3033 | +4.01% | $49.7M | — | — | 0.2 | −17.1% |
| Sunrun | $8.80 | +0.27% | $2.09B | 5.9 | 13.7 | 0.6 | +52.8% |
| Tesla | $348.19 | −0.16% | $1.38T | 322.9 | 174.6 | 13.3 | +25.5% |
| Zeo | $0.2980 | +4.63% | $9.9M | — | — | 0.1 | −10.7% |
| SolarEdge Technologies | $31.18 | −0.80% | $1.91B | — | 81.2 | 1.4 | +19.6% |
| Generac | $185.00 | +0.65% | $10.82B | 42.4 | 18.2 | 2.4 | +10.6% |
| Median | 42.4 | 49.7 | 1.4 | +19.6% |







