SunPower
SunPower is a publicly traded U.S. residential solar installer and energy storage provider serving homeowners, home builders, and commercial customers across 45 states with Enphase-integrated solar and battery systems and exclusive REC Group panels.
- Company typePublic
- Founded2025
- HeadquartersFremont, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What SunPower does
SunPower Inc. is a U.S.-based residential solar installer and energy storage provider operating under the NASDAQ ticker SPWR following a 2024 bankruptcy restructuring in which Complete Solaria acquired the assets of the original SunPower Corporation for $45 million and rebranded in April 2025. The company is led by CEO T.J. Rodgers, who previously shepherded the original entity through its 2005 IPO. SunPower designs, sells, finances, and installs monocrystalline rooftop solar systems paired with Enphase IQ Battery 10C and 5P storage modules, and it holds exclusive U.S. residential rights to the REC Alpha Pure-RX (Monolith) 470W frameless panel jointly developed with REC Group. Its technology stack rests on a panel-level microinverter architecture supplied by Enphase, integrated with the Enlighten monitoring app for real-time performance tracking.
The business model combines one-time hardware and installation revenue with recurring subscription- and usage-based revenue streams, including solar loans, leases, and Power Purchase Agreements. SunPower generates demand through a sales-led go-to-market with energy consultants, a website-driven self-serve funnel, a builder partnership program serving single-family, multifamily, and light commercial new construction, and a non-installing dealer network anchored by the Blue Raven Solar division. The customer base is dominated by long-tail U.S. residential homeowners, with secondary segments in home builders, multifamily developers, and a small portfolio of commercial installations (e.g., Santa Clara University, Fortinet). Sub-brands include Blue Raven Solar, the New Homes Division, Sunder Energy, Ambia Solar, and Cobalt Power Systems, the latter providing commercial and multifamily capabilities.
Geographically the company operates in 45 U.S. states following the September 2025 Sunder Energy acquisition, with headquarters at 1403 N Research Way, Orem, Utah, and additional offices in Fremont and Mountain View, California. SunPower has grown audited FY2025 revenue to $300 million, achieved four consecutive profitable quarters at a 43.56% gross margin, and positioned itself as the fifth-largest U.S. residential solar installer by revenue. Recent material disclosures include material weaknesses in internal controls requiring restatement of Q1–Q3 2025 financial statements, a Nasdaq deficiency notice for late filing, and uncertainty around the December 2025 expiry of the federal Investment Tax Credit, with SunPower relying partly on third-party ownership structures that remain eligible for the credit.
SunPower firmographics
Firmographics- Name
- SunPower
- Legal name
- SunPower Inc.
- Website
- https://us.sunpower.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- SunPower is a publicly traded U.S. residential solar installer and energy storage provider serving homeowners, home builders, and commercial customers across 45 states with Enphase-integrated solar and battery systems and exclusive REC Group panels.
- Ownership category
- akta.pro rank
SunPower industry classification
Industry- Product category
- Residential Solar Installation
- NAICS
- Roofing Contractors (23816), Solar Electric Power Generation (221114)
- SIC
- Asphalt Paving & Roofing Materials (2950)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industries
- Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Solar Roofing & Roof-Mounted PV Systems (IMADAFAO), PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC)
Keywords
Where SunPower is headquartered
LocationHeadquarters
- HQ city
- Fremont
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
SunPower business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Supply Chain, Technology or R&D, Infrastructure
Revenue model
- Residential Solar Installation: One-time installation revenue from solar panel systems for residential homeowners, new home builders, and multifamily properties. Includes system design, permitting, professional installation, and interconnection services.
- Solar Hardware Sales: Sales of solar panels, batteries, inverters, and racking equipment as part of complete solar energy systems.
- Solar Financing Products: Offering multiple financing options including solar loans, leases, and Power Purchase Agreements (PPAs) for residential customers. Third-party ownership models allow homeowners to access solar without upfront purchase.
- Dealer Network Revenue: Revenue from non-installing dealer network including Blue Raven Solar division, providing installation services through affiliated dealers across 45 states.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Cash Purchase - Full ownership with immediate incentive access |
| Subscription | Monthly | Solar Loan - Finance with manageable monthly payments |
| Subscription | Monthly | Solar Lease - Fixed monthly rate for system use |
| Usage-based | Pay-as-you-go | Power Purchase Agreement (PPA) - Pay only for electricity produced |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
SunPower product offering
Product offeringCore offering
SunPower designs, sells, finances, and installs residential rooftop solar photovoltaic systems paired with lithium iron phosphate (LFP) battery storage products (Enphase IQ Battery 10C and 5P), using monocrystalline panels including the exclusive 470W REC Alpha Pure-RX Monolith module. Offerings are delivered through direct sales, a dealer network (Blue Raven Solar), and a dedicated New Homes division that partners with single-family and multifamily builders for new-construction solar integration across 45 states. Customers can purchase systems outright, finance them via solar loans, lease them, or enter Power Purchase Agreements (PPAs).
Product overview
SunPower is a U.S.-based residential solar and energy storage provider offering an integrated ecosystem of products and services. The core offering includes monocrystalline solar panel systems paired with Enphase battery storage solutions (IQ Battery 10C and 5P). The company serves homeowners, new home builders, and multifamily construction projects. Following bankruptcy in 2024, the new SunPower (formerly Complete Solaria) operates divisions including Blue Raven Solar, New Homes, and dealer networks, while subsidiaries like Cobalt Power Systems provide commercial and multifamily solutions. Key product partnerships include REC Group for the Monolith 470W solar panel and Enphase Energy for battery storage systems.
Differentiator
Problem solved
Functional benefit
Brands
- Blue Raven Solar: Residential solar financing and installation brand acquired from original SunPower Corporation, operating as a division under the new SunPower Inc.
- New Homes Division
Products and services
- Residential Solar Systems Complete rooftop solar panel systems using monocrystalline panels and microinverters for residential homes, designed to offset 85-100% of average annual energy use. Includes system design, permitting, professional installation, and interconnection services; available for purchase, loan, lease, or PPA.
- Solar Battery Storage Energy storage solutions paired with residential solar systems to store excess solar power for use during outages or peak pricing hours, maximizing energy independence and bill savings for homeowners. Includes remote monitoring and control via the Enphase App.
- Enphase IQ Battery 10C Modular lithium iron phosphate (LFP) battery system with 10 kWh usable capacity, 7.08 kW continuous output, 96% DC round-trip efficiency, and 15-year warranty. Built-in microinverters and remote monitoring via Enphase App; scales from 10 to 80 kWh.
- Enphase IQ Battery 5P Compact 5.0 kWh LFP battery system with six embedded IQ8D-BAT microinverters, 3.84 kW continuous power, 7.68 kW peak output, and 15-year warranty. Part of the Enphase Energy System ecosystem.
- New Homes Solar Program Turnkey solar solutions for new home construction, including rooftop and carport systems, battery backup, design, permitting, and project management for single-family, multifamily, and light commercial new builds. Dedicated team helps builders meet code (including California Title 24), stay on schedule, and deliver quality.
- REC Alpha Pure-RX Monolith 470W Panel Frameless 470W monocrystalline residential solar module jointly developed with REC Group and offered under exclusive U.S. residential rights. Currently in production at 470W with a planned bifacial variant exceeding 500W output.
- Commercial / Light Commercial Solar Installation Commercial-scale solar installations delivered through Cobalt Power Systems (a wholly owned subsidiary), including large rooftop arrays and campus projects. Example: the 1.2 MW Santa Clara University project generating 2.1 million kWh annually and saving approximately $350,000 per year.
Quantifiable outcome
- 2.1 million kWh clean electricity generated annually per MW installation
- +7 more outcomes
Companies that use SunPower
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
SunPower technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
SunPower partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- PalmettominorFinancing partnership enabling homeowners to install home backup batteries without upfront costs. SunPower partnership with Palmetto aims to remove barriers to battery adoption and improve energy resilience amid increasing power outages and rising energy costs.
- REC GroupcoreJoint development agreement to launch 470W Monolith solar panel (officially REC Alpha Pure-RX module) specifically tailored for US residential market. SunPower holds exclusive rights to the panel while REC serves as manufacturing partner. Companies are also developing bifacial variant exceeding 500W output.
- Enphase EnergycorePartnership for advanced energy storage systems. SunPower installs Enphase IQ batteries (10C and 5P models), microinverters, and integrates with Enphase Enlighten monitoring app. Enphase CEO Badri Kothandaraman previously worked under T.J. Rodgers at Cypress Semiconductor. Rodgers remains on Enphase board.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
SunPower competitors and assessment
Company assessmentDirect peers
- Trinity Solar: Trinity Solar is one of the largest privately held U.S. residential solar installers, operating across multiple states with a direct sales and installer model comparable to SunPower's direct and builder channels.
- Tesla Energy: Tesla Energy sells Solar Roof and Powerwall battery systems directly to U.S. homeowners and is one of the largest vertically integrated residential solar-plus-storage competitors. It competes with SunPower on premium integrated offerings, brand prestige, and integrated inverter/panel architecture.
- Sunrun: Sunrun is the largest U.S. residential solar installer and lease/PPA operator, directly competing with SunPower on rooftop PV, battery storage, and third-party ownership. Both companies target U.S. homeowners with similar cash, loan, lease, and PPA structures and have overlapping builder channels.
- ADT Solar (formerly Sunpro Solar): ADT Solar is a national U.S. residential solar installer offering direct and dealer-driven sales across multiple states, similar in go-to-market to SunPower's Blue Raven and direct divisions. Both compete on regional door-to-door and inside sales capacity and installer scale.
- Freedom Forever: Freedom Forever is a large U.S. residential solar installer operating a sales-led, dealer-supported model across many of the same states as SunPower. Its scale, installer footprint, and homeowner focus make it a close operational comparable.
- Sunnova Energy International: Sunnova is a major U.S. residential solar and storage service provider focused on lease, PPA, and loan structures with significant battery storage attach. It competes head-to-head with SunPower in the third-party-owned segment and increasingly on storage economics.
Emerging players
- Palmetto Energy: Palmetto is a U.S. residential solar marketplace, financing platform, and software provider that also acts as a SunPower financing partner. It overlaps with SunPower in the U.S. residential solar customer journey, particularly on battery storage attach via its Clean Energy Store and financing offerings.
- Mosaic (Solar Mosaic): Mosaic is a U.S. residential solar financing platform offering loans and home improvement financing used by installers including SunPower's channel partners. It is comparable as a financing-side peer that competes with SunPower's own loan and PPA offerings in attracting installer and homeowner demand.
Others
- REC Group: REC Group is the joint development and manufacturing partner behind SunPower's exclusive Monolith 470W panel. While not a channel competitor, REC is the upstream technology supplier whose product exclusivity underpins SunPower's hardware differentiation in the U.S. residential market.
- Enphase Energy: Enphase is the primary microinverter and battery supplier to SunPower and a strategic ecosystem partner rather than a direct competitor at the installer level. It is included because Enphase increasingly offers its own installer and homeowner-facing products and is the underlying technology platform on which much of SunPower's storage value proposition rests.
Market position
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
SunPower social profiles
Digital presenceSunPower financial estimates
Financial estimateRevenue estimate
Valuation estimate
SunPower leadership team
Management profileNumber of profiles
Profiles14 records
SunPower subsidiaries and ownership
Company hierarchySubsidiaries6 records
SunPower funding detail
Funding detailFunding overview
Funding rounds6 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SunPower M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SunPower
What does SunPower do?
SunPower designs, sells, finances, and installs residential rooftop solar photovoltaic systems paired with lithium iron phosphate (LFP) battery storage products (Enphase IQ Battery 10C and 5P), using monocrystalline panels including the exclusive 470W REC Alpha Pure-RX Monolith module. Offerings are delivered through direct sales, a dealer network (Blue Raven Solar), and a dedicated New Homes division that partners with single-family and multifamily builders for new-construction solar integration across 45 states. Customers can purchase systems outright, finance them via solar loans, lease them, or enter Power Purchase Agreements (PPAs).
Is SunPower a public or private company?
SunPower is a public company. It is classified as public and is currently operating.
When was SunPower founded?
SunPower was founded in 2025. It employs 501 to 1,000 people.
Where is SunPower based?
SunPower is headquartered in Fremont, United States, in the North America region.
How does SunPower make money?
Four revenue lines are on record. Residential Solar Installation is the primary driver. The others are solar Hardware Sales, solar Financing Products and dealer Network Revenue.
Who are SunPower's main competitors?
Direct peers on record are Trinity Solar, Tesla Energy, Sunrun, ADT Solar (formerly Sunpro Solar), Freedom Forever and Sunnova Energy International. Emerging players are Palmetto Energy and Mosaic (Solar Mosaic). Others are REC Group and Enphase Energy.
Does SunPower have an API?
No public API is recorded for SunPower.
What industry is SunPower in?
SunPower's product category is Residential Solar Installation. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUAMABAJ, Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization). Its NAICS code is 23816 and its SIC code is 2950.