RICHMOND, Calif., Feb. 29, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that it filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the delayed filing of its Annual Report on Form 10-K ("Form 10-K") for the fiscal year ended December 31, 2023. SunPower requires additional time to complete its financial statements included in the Company's Form 10-K. This ...

Board establishes Office of the Chairman to lead business operations as Peter Faricy departs  Board is conducting a comprehensive CEO search  RICHMOND, Calif., Feb. 27, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that Chief Executive Officer (CEO) Peter Faricy has departed the Company, effective February 26, 2024. The Board is conducting a comprehensive search process to identify a per ...

Even though the market seems to have a less-than-sunny view of solar stocks just now, one analyst recently upped his price target on sector mainstay SunPower (SPWR 0.63%). SunPower has an upside potential of more than 30% at the targeted price. Let's take a quick look at the state of the company and its industry to gauge whether the analyst's view is realistic.UBS bumps its SunPower price target higherIn mid-February UBS analyst Jon Windham added $0.25 per share to his fair value assessment of SunPower, for ...

Builds on the recent capital raise to provide SunPower with access to more than half a billion dollars in financing RICHMOND, Calif., Feb. 23, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that it has secured over $300 million in project financing commitments from funds managed by Apollo (NYSE: APO) (the "Apollo Funds"), ATLAS SP Partners, ("ATLAS SP") and Hannon Armstrong Sustainable Inf ...

Higher interest rates have made it more expensive to finance new solar panels.gettySunPower reported pretty dismal 2023 results last week. For the year the residential solar company lost $247 million on $1.7 billion in revenue. It burned through $300 million in cash, and didn’t even have any growth to show for it. In the fourth quarter installations were down 4% over the previous year, while new bookings fell 9%.Short on cash, in December SunPower defaulted on hundreds of millions of dollars in first lien d ...

SunPower公司财务表现 - SunPower公司第四季度2023年调整后每股亏损51美分，远远高于市场预期的27美分亏损[2] - SunPower公司2023年调整后营收为36.13亿美元，较去年同期下降3.4%[6] - SunPower公司2024年预计将出现80-160百万美元的GAAP亏损，调整后毛利率为17-19%[10]

RICHMOND, Calif., Feb. 20, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR) a leading residential solar technology and energy services provider, today announced Tom Werner as Executive Chairman of the Board, effective Feb. 19, 2024. "As we move forward into our next era and navigate this critical moment for our industry, we are pleased to welcome Tom Werner back to SunPower," said Peter Faricy, SunPower's CEO. "Tom's unmatched experience in the solar business and his legacy institutional knowledge will be ...

SunPower公司股价波动 - SunPower公司股价在周四早盘暴涨22.1%，但随后下跌，早期涨幅已经消失[1] - SunPower公司第四季度2023年财务结果显示，营收为3.569亿美元，净亏损为1.156亿美元，现金仅剩8740万美元[2] - SunPower公司管理层预计2024年净亏损在8000万至1.6亿美元之间，自由现金流将在下半年转为正[3] 资金承诺和融资情况 - SunPower公司获得了2亿美元的资金承诺，其中包括来自Sol Holding的1.75亿美元融资，Sol Holding是TotalEnergies和Global Infrastructure Partners共同拥有的合资企业，持有SunPower的大部分股份[4] - SunPower公司在融资轮中授予了7520万美元的“一分钱认股权证”，这将对股东造成巨大的稀释效应，因为认股权证可以以0.01美元行使[5] 未来展望和挑战 - 尽管这解决了SunPower公司在太阳能市场当前低迷中生存的短期挑战，但对股东来说代价很高，复苏还需要几个季度。这可能对长期发展有利，但目前很痛苦[6]

财务数据和关键指标变化 - 第四季度报告负68百万美元的经调整EBITDA和3.61亿美元的非GAAP收入 [29] - 装机量同比下降,受利率上升和加州NEM 3.0政策变化的影响 [29] - 电池附加率提高,受益于加州NEM 3.0需求和成本下降 [29] - 毛利率下降,主要由于SunPower Direct前期安装成本在较低装机量下摊销 [30] - 2023年第四季度有48百万美元的一次性或非经常性成本 [30] - 2023年12月31日现金87百万美元,净有追索权债务208百万美元 [31] - 存货从2022年9月末的325百万美元下降至261百万美元 [31] 各条业务线数据和关键指标变化 - 新房装机量同比下降4%,但环比增长19% [22] - 新房电池附加率达22%,同比增长 [22] - SunPower Financial客户附加率创新高,达65% [23][24] - 租赁合同占比从上年同期26%增至73% [23] 各个市场数据和关键指标变化 - 加州NEM 2.0装机基本完成,NEM 3.0装机占比增加 [102][103] - 加州以外地区装机情况与行业整体预期相符 [103] 公司战略和发展方向及行业竞争 - 公司将重点关注提高毛利率和现金流,不再提供客户数和EBITDA指引 [33][34] - 公司已实施约1亿美元的成本削减措施,预计2024年中期前能实现 [19][20] - 公司将采用更多第三方电池产品,摒弃自有SunVault电池 [69] - 公司将继续扩大经销商网络,并提供支持帮助经销商渡过行业低谷 [55][56] - 公司认为行业长期前景向好,电价上涨和设备成本下降是主要驱动力 [11][25] 管理层对经营环境和未来前景的评论 - 2023年是行业最艰难的一年之一,公司正采取措施应对 [11] - 公司对2024年保持谨慎态度,但仍看好长期发展前景 [35][36][37] - 公司认为加州NEM 3.0政策抑制了需求,可能影响该州的清洁能源目标 [52][53] 问答环节重要的提问和回答 问题1 **James West 提问** 询问新增资本承诺的背景和意义 [42][43][44] **Peter Faricy 回答** 新增2亿美元资本有助于公司2024年业务计划,体现了主要股东的长期支持 [43][44] 问题2 **Colin Rusch 提问** 询问加州NEM 3.0政策对定价的影响 [51][52][53] **Peter Faricy 回答** NEM 3.0政策抑制了需求,但带来了电池附加率提升和系统容量增加的积极影响 [52][53] 问题3 **Ben Kallo 提问** 询问公司如何应对经销商对公司流动性担忧,以及向更通用设备转型的影响 [59][60][61][62][65][66] **Peter Faricy 回答** 新增资本有助于消除经销商的担忧,公司正与经销商合作应对行业低谷,向更通用设备转型有利于提供更优惠的产品 [60][61][65][66]

SunPower财务表现 - SunPower在上一季度每股亏损为0.51美元，远远低于Zacks Consensus Estimate的每股亏损0.27美元[1] - SunPower在过去四个季度中未能超过市场预期的每股收益[2] - SunPower在2023年12月份的季度营收为3.5691亿美元，低于Zacks Consensus Estimate的3.6422亿美元[3] SunPower股价走势 - SunPower股价的短期走势将主要取决于管理层在财报电话会议中的评论[4]