SunPower Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $50.8M
- Price
- $0.2995
- % Change (Daily % change from the live per-ticker quote feed.)
- +18.05%
- Volume
- 7.4M
About
SunPower, Inc. is a solar technology, services, and installation company. It offers sales enablement, project management, partner coordination, and customer communication. The company was founded William J. Anderson by in 2010 and is headquartered in Fremont, CA.
Quick stats
Shares outstanding169.6M
Computed float38.1M
Float / shares22.5%
Key info
SectorEnergy
IndustrySolar
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001838987
Websitehttps://us.sunpower.com
AI Summary
AI-generated1/44
majormixedearnings
SunPower Reports Q2’26 Results
SunPower reported Q2 revenue of $56.0 million, down 23% from the prior quarter, with a non-GAAP operating loss of $12.5 million and a cash balance of $4.0 million that fell below the company’s $10 million minimum target.
Management attributed the revenue miss to 1,105 delayed jobs in the Direct Division caused by quality control violations, resulting in the replacement of the division’s top management team with SunPower veterans.
Despite the current shortfall, the company issued optimistic guidance for Q3, projecting revenue of $75 million-plus and a 90% reduction in operating losses, driven by $13 million in permanent cost reductions and the clearing of the delayed job backlog.
Red flags
- Cash balance of $4.0 million is below the $10 million minimum target
- Revenue dropped 23% sequentially due to operational failures
- Management team 'knowingly and surreptitiously violated' quality specifications