SunPower Corporation (OQ:SPWR)

Business Focus: Photovoltaic Solar Systems & Equipment

Sector:  Energy Industry:  Renewable Energy Equipment & Services
 
See Regulatory Filings on SEC
Company Contact
Address: 880 Harbour Way South, Suite 600
RICHMOND CA 94804
Tel: N/A
Website: https://us.sunpower.com
IR: See website
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Key People
Thomas H. Werner
Executive Chairman of the Board
Elizabeth Lynne Eby
Chief Financial Officer, Executive Vice President
Jennifer Johnston
Chief Operating Officer, Executive Vice President
Tony Garzolini
Executive Vice President, Chief Revenue Officer
   
Business Overview
SunPower Corporation is a solar technology and energy services provider. The Company offers fully integrated solar, storage and home energy solutions to customers primarily in the United States and Canada through a range of hardware, software, and financing options and Smart Energy solutions. The Company's Smart Energy adds layers of intelligent control to homes, buildings and grids, all personalized through easy-to-use customer interfaces. It is engaged in the United States Distributed Generation (DG) storage and energy services market, providing customers control over electricity consumption and resiliency during power outages. The five pillars of its strategy include customer care, products, growth, digital innovation and financial solutions. The Company's subsidiaries include SunPower Corporation, Systems, SunPower North America, LLC, SunStrong Capital Holdings, LLC, SunPower Capital, LLC Delaware and Blue Raven Solar Holdings, LLC.
Financial Overview
For the fiscal year ended 31 December 2023, SunPower Corporation revenues decreased 3% to $1.69B. Net loss before extraordinary items totaled $227.1M vs. income of $93.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Other, net decrease from $115.4M (income) to $11.8M (expense), Restructuring charges (credits) increase from $244K to $12.7M (expense).
Employees: 4,710 as of Jan 1, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $783.59M as of Dec 31, 2023
Annual revenue (TTM): $1,685M as of Dec 31, 2023
EBITDA (TTM): -$120.08M as of Dec 31, 2023
Net annual income (TTM): -$227.10M as of Dec 31, 2023
Free cash flow (TTM): -$208.61M as of Dec 31, 2023
Net Debt Last Fiscal Year: $257.16M as of Dec 31, 2023
Shares outstanding: 175,477,267 as of Feb 14, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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