SunPower

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.

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

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

• Residential solar installation
• Solar battery storage
• Photovoltaic panel systems
• New home solar
• Solar financing services

Headquarters

HQ city

Fremont

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. 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.
2. Solar Hardware Sales: Sales of solar panels, batteries, inverters, and racking equipment as part of complete solar energy systems.
3. 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.
4. 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

Go-to-market motion4 records

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Three partnerships are on record, tiered minor and core.

• PalmettominorGTM or Marketing Partner · 5 February 2026Financing 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 GroupcoreStrategic or Co-development Partner · 8 January 2026Joint 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 EnergycoreTechnology or IntegrationPartnership 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

Direct 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

• Xx.com/completesolar
• Facebookfacebook.com/completesolar
• LinkedInlinkedin.com/company/878742

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 records

Funding overview

Funding rounds6 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SunPower