SunPower pauses its solar cell and module factories, reduces salaries and workweek
The solar efficiency leader remains on track to complete its planned split into two independently focused pure-play solar companies by the end of the second quarter.
SunPower reduces management salaries, freezes hiring and withdraws 2020 financial guidance
SunPower CEO: “We remain on track to complete our planned company split into two independently focused pure-play solar companies by the end of the second quarter.”
Oil giant Total increases stake in solar efficiency leader SunPower
Total will be acquiring 676,000 shares worth about $31 million, according to SEC filings.
New SunPower: Focusing on building the world’s highest efficiency PV modules at Maxeon Solar
In part 2 of our interview, the SunPower brain trust talks about scaling-up its high-efficiency PV technology in a way that it has not been able to do in the past — now that it has cash and a definitive focus.
The new SunPower: CEO Tom Werner on disintegrating a PV firm and software eating solar-plus-storage
“It’s what we’ve talked about for many years — it makes sense to produce energy where you use it. And it makes sense that it would be intelligent and easily optimized. The new SunPower will focus exclusively on accomplishing that.”
Morning brief: First Solar settles $350M suit, assembly begins on Assembly Solar
Hello one and all to your usual Tuesday morning brief. Today we’ve got for you a CFO for SunPower spinoff, Maxeon, changes in the Canadian Solar Board and the sale of a solar project at a military base.
SunPower splits in two
The company’s transformation from a manufacturer to the 2nd-largest residential solar company in the United States is complete with it spinning off of its high-efficiency cell and module production into a new company, in partnership with Chinese wafer maker TZS.
California power shutdown certified solar homes from SunPower?
SunPower met or exceeded 3rd quarter guidance, though it fell short of profitability by $15 million on $476 million in revenue. The company revealed that they have ~40,000 new home pre-orders for the California solar mandate market, and their Equinox home storage system launches in Q1.
SunPower brings its A game to high efficiency
The company has rolled out its new A-Series modules as the first product using SunPower’s NGT solar cells, based on larger wafers and a streamlined manufacturing process. But will this be enough to get SunPower back to the black in its finances?
SunPower to shift IBC solar production to new technology
The PV maker plans to shift its 800 MW of current E-Series production to its new NGT technology, as it records a massive loss on depreciation of its old equipment.
