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 |
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 |