As filed with the United States Securities and Exchange Commission on January 30, 2026. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SunPower Inc. (Exact name of registrant as specified in its charter) Delaware 001-40117 93-2279786 (Commission File Number) (I.R.S. Employer Identification Number) 45700 Northport Loop East Fremont, CA 94538 (510) 270-2507 (Address, Including Zip Code, and Telephon ...

Core Insights - SunPower has launched a strategic initiative to enhance accessibility to home battery storage for American families through partnerships with The Cool Down, Palmetto, and Enphase Energy [1][2][4] Group 1: Strategic Initiative - The initiative aims to provide homeowners with access to premium battery systems and flexible financing options to make them more affordable [2] - The program is available to homeowners in 45 states, with priority access for existing SunPower customers [4] Group 2: Partnerships and Technology - The Cool Down is a media platform targeting homeowners seeking to reduce utility bills and gain energy independence [4][6] - Palmetto offers LightReach financing to eliminate upfront cost barriers, making battery storage more viable for homeowners [4][7] - Enphase Energy supplies the IQ Battery 10C, noted for its compact size, safety features, and superior warranty compared to competitors [4][8] Group 3: Market Context - Increasing weather events and energy independence concerns have led more families to recognize the value of battery systems for storing solar energy [3] - Battery systems enhance the value of existing solar installations and improve household resilience during grid outages [3]

Technology from SunPower-REC Joint Development AgreementOREM, Utah, Jan. 26, 2026 (GLOBE NEWSWIRE) -- SunPower Inc. (herein “SunPower,” the “Company,” or Nasdaq: “SPWR”), a solar technology, services, and installation company, today announced that it achieved its first installation of Monolith panels created by Renewable Energy Corporation (REC), the leader in U.S. residential solar panel sales. Silicon Valley’s Cobalt Power Systems installed the panels for a premium customer in Santa Cruz, California. Coba ...

Financial Data and Key Metrics Changes - The company reported record revenue of $88.5 million, up from $70 million in the previous quarter, marking a 26% quarter-on-quarter increase [8][12] - Operating income reached a record of $3.5 million, representing 4% of revenue, with a target to increase this to 10% [8][10] - The ending cash balance increased to $9.3 million from $5.1 million in the prior quarter [8][10] - The company experienced a gross margin improvement due to the clearance of old backlog, with a normal fall-through gross margin of 38% [9][10] Business Line Data and Key Metrics Changes - The company made two acquisitions: Sunder, which contributed a full quarter of revenue, and Ambia, which contributed a partial quarter [8][12] - The sales rep headcount nearly doubled from approximately 1,100 to around 2,000 due to acquisitions and recruitment efforts [18][20] - The company aims to maintain a stable direct employee headcount while increasing sales rep numbers to enhance revenue per employee [20][22] Market Data and Key Metrics Changes - The U.S. residential solar penetration increased to 5.6% in 2024, up from 3.7% in 2020, indicating significant growth potential in the market [14] - The company views the solar market as an expansive opportunity, with 94.6% of qualifying homes still without solar installations [15] Company Strategy and Development Direction - The company plans to grow its sales force significantly while keeping direct employee numbers stable to optimize costs and revenue [20][22] - The focus is on integrating advanced technology and software-controlled solar systems to differentiate from competitors [56][61] - The company aims for consistent profitable growth, targeting a revenue increase from $300 million to $1 billion by 2028 [54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive operating income in Q1 2026, despite it being a typically challenging quarter for solar [13] - The company is addressing operational inefficiencies and aims to improve financial reporting speed and accuracy [30] - Management emphasized the importance of cash management and has raised an equity line of credit to ensure liquidity [26][27] Other Important Information - The company announced the launch of the Monolith solar panel, which is designed to be lightweight and high-wattage, addressing market demands for efficient solar solutions [33][34] - The acquisition of Cobalt Power Systems is expected to enhance the company's capabilities in large-scale commercial and industrial applications [44][46] Q&A Session Summary Question: What are the expectations for revenue growth in 2026? - Management provided a conservative estimate of $84 million for Q1 2026 revenue, indicating a cautious but optimistic outlook for the year [13] Question: How does the company plan to address operational challenges? - The company is hiring a financial consultant to improve financial systems and expedite reporting processes [30] Question: What is the strategy for the new acquisitions? - The strategy involves integrating the sales capabilities of Sunder and Ambia to enhance overall operational efficiency and market reach [48][50]

Financial Data and Key Metrics Changes - The company reported record revenue of $88.5 million, up from $70 million in the previous quarter, marking a 26% quarter-on-quarter increase [8][10] - Operating income reached a record of $3.5 million, representing 4% of revenue, with a target to increase this to 10% [8][10] - Ending cash balance increased to $9.3 million from $5.1 million in the prior quarter [8][10] - The company achieved a record profit of $3.545 million, up from $2 million in the previous quarter [10][12] - The revenue for the full year 2025 totaled $308.8 million, maintaining profitability despite challenges [13] Business Line Data and Key Metrics Changes - The company made two acquisitions: Sunder, which contributed a full quarter of revenue, and Ambia, which contributed a partial quarter [8][12] - The sales rep headcount nearly doubled from approximately 1,100 to around 2,000 due to acquisitions and recruitment efforts [18][20] - The company aims to maintain a stable direct employee headcount while growing revenue, focusing on productivity per employee [20][22] Market Data and Key Metrics Changes - The U.S. residential solar penetration increased to 5.6% in 2024, up from 3.7% in 2020, indicating significant growth potential in the market [14] - The company views the solar market as an expansive opportunity, with 94.6% of qualifying homes still without solar installations [15] Company Strategy and Development Direction - The company plans to grow its sales force significantly while keeping direct employee numbers stable, aiming for consistent profitable growth from $300 million to $1 billion by 2028 [50][55] - The focus is on integrating advanced technology and software-controlled solar systems to differentiate from competitors [56][61] - The company is pursuing acquisitions to enhance its operational capabilities and market presence [48][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive operating income in Q1 2026, despite it being a typically challenging quarter for solar [13] - The company is addressing operational inefficiencies and aims to improve financial reporting speed and accuracy [30] - Management emphasized the importance of cash management and has raised an equity line of credit to ensure financial flexibility [26][27] Other Important Information - The company introduced a new solar panel named "Monolith," which is designed to be lightweight and high-wattage, addressing market demands for efficient solar solutions [33][34] - The company is also focusing on the development of bifacial solar panels to enhance energy capture [35] Q&A Session Summary Question: What are the expectations for revenue growth in 2026? - Management expects Q1 2026 revenue to be around $84 million, with a conservative outlook due to seasonal factors and market uncertainties [13] Question: How does the company plan to address operational challenges? - The company is hiring a financial consultant to improve financial systems and expedite reporting processes [30] Question: What is the strategy for the new acquisitions? - The acquisitions of Sunder and Ambia are aimed at enhancing sales capabilities and operational efficiency, with a focus on integrating their strengths into the broader company strategy [48][50]

Financial Data and Key Metrics Changes - The company reported record revenue of $88.5 million, up from $70 million in the previous quarter, marking a 26% quarter-on-quarter increase [7][10] - Operating income reached a record of $3.5 million, representing 4% of revenue, with a target to increase this to 10% [7][10] - Ending cash balance increased to $9.3 million from $5.1 million in the prior quarter [8] - The company achieved a record profit of $3.545 million, up from $2 million in the previous quarter [10][12] Business Line Data and Key Metrics Changes - The acquisitions of Sunder and Ambia contributed significantly to revenue, with Sunder providing a full quarter of revenue and Ambia a partial quarter [7][12] - The company has seen a substantial increase in its sales rep headcount, growing from approximately 1,100 to nearly 2,000, which is expected to enhance sales capabilities [19][21] Market Data and Key Metrics Changes - The U.S. residential solar penetration increased to 5.6% in 2024, up from 3.7% in 2020, indicating a growing market opportunity [14] - The company views the solar market as an expansive opportunity rather than a competitive battleground, emphasizing the potential for growth [14][16] Company Strategy and Development Direction - The company aims to grow its sales force significantly while maintaining a stable direct employee headcount to optimize revenue per employee [21][24] - Future plans include reaching a revenue target of $1 billion by 2028, requiring both organic and inorganic growth strategies [50] - The company is focused on introducing advanced technology hardware and software-controlled solar systems to differentiate itself in the market [52][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive operating income in Q1 2026, despite it being a typically challenging quarter for solar [13] - The company is addressing operational inefficiencies and aims to improve financial reporting speed and accuracy [29][30] - Management highlighted the importance of maintaining a strong cash position and has raised its equity line of credit to $55 million to support future growth [26][27] Other Important Information - The company has made strategic acquisitions, including Cobalt Power Systems, which is expected to enhance its sales and operational capabilities [35][41] - The introduction of the Monolith solar panel, which offers high wattage while adhering to weight limits, is a key product innovation [32][34] Q&A Session Summary Question: What are the company's plans for future growth? - The company plans to grow its sales force significantly while keeping direct employee numbers stable to enhance productivity and revenue per employee [21][24] Question: How does the company view the current market conditions? - Management views the solar market as an expansive opportunity with significant growth potential, rather than a competitive battleground [14][16] Question: What steps is the company taking to improve financial reporting? - The company is working on upgrading its financial systems and has hired a consultant to expedite the process [29][30]

Record 92,863 Ft. August 13, 2001 Fourth Quarter Report January 20, 2026, Live @ 1:00PM ET 1 Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In som ...

Financial Performance - SunPower reported record Q4'25 revenue of $88.5 million, a 26.5% increase from $70.0 million in Q3'25, driven by acquisitions of Sunder and Ambia[5] - Gross profit for Q4'25 was $48.8 million, with a gross margin of 55%, up from 46% in Q3'25[5] - Non-GAAP operating income reached $3.5 million in Q4'25, compared to $2.0 million in Q3'25, representing 4.0% of revenue[9] - Full-year 2025 revenue totaled $308.8 million, with an operating income of $10.9 million[9] - Q1'26 revenue is projected to be $84 million, with an expected operating income of $2.0 million, reflecting a typical winter quarter slump[9] - SunPower Inc. reported a GAAP operating loss from continuing operations of $29,970 thousand in Q3 2024, improving to a loss of $1,115 thousand by Q4 2025[32] - Non-GAAP net income (loss) improved from a loss of $7,077 thousand in Q3 2024 to a profit of $3,545 thousand in Q4 2025[32] - Total non-GAAP adjustments peaked at $22,893 thousand in Q3 2024, with a subsequent decrease to $4,660 thousand by Q4 2025[32] - The company anticipates a return to profitability with a projected non-GAAP net income of $2,938 thousand in Q1 2025[32] Cash and Financing - The company ended Q4'25 with a cash balance of $9.3 million, an increase from $5.1 million in Q3'25, and secured a $55 million equity line of credit[7] Market Expansion and Product Development - SunPower's salesforce grew to 1,977 representatives by the end of Q4'25, enhancing market share potential for 2026[11] - The company announced a joint development agreement with REC to produce a new high-wattage bifacial solar panel named "Monolith," targeting over 500 watts output[23] - SunPower signed a Letter of Intent to acquire Cobalt Power Systems, aiming to enhance its market position and install the new Monolith panels[25] - SunPower Inc. has indicated a focus on market expansion and new product development as part of its strategic initiatives moving forward[33] Cost Management and Financial Strategy - The company aims to improve its price-to-sales (P/S) ratio from 0.55 to 1.75, which could significantly increase its share price[18] - SunPower Inc. is actively managing acquisition costs related to headcount reductions and professional services, which may impact future financial performance[33] - SunPower Inc. continues to emphasize the importance of non-GAAP financial measures to provide a clearer picture of operational performance[33] Expenses and Charges - Depreciation and amortization expenses related to capital expenditures were $1,745 thousand in Q4 2024, increasing to $1,942 thousand in Q4 2025[32] - Stock-based compensation, a non-cash expense, was recorded at $1,516 thousand in Q3 2024 and increased to $2,718 thousand in Q4 2025[32] - Restructuring charges reached $21,072 thousand in Q3 2024, with no further charges reported in subsequent quarters[32]

Cobalt and Ambia Acquisitions, $55 million Equity Line of Credit SignedOREM, Utah, Jan. 20, 2026 (GLOBE NEWSWIRE) -- SunPower Inc. (herein “SunPower,” the “Company,” or Nasdaq: “SPWR”), a solar technology, services, and installation company, will present its Q4’25 results via webcast today, Tuesday, January 20, at 1:00pm ET. Interested parties may access the webcast by registering here or by visiting the Events page within the IR section of the company website: https://investors.sunpower.com/news-events/eve ...

Core Viewpoint - SunPower Inc. has signed a non-binding letter of intent to acquire Cobalt Power Systems, a company with $35 million in revenue and 96 employees, aiming to enhance its technology and customer base in the solar industry [1][2]. Group 1: Acquisition Details - The acquisition is structured as an all-equity transaction, with Cobalt known for designing and installing large solar systems for high-profile clients in Silicon Valley [1][2]. - Cobalt has a 23-year operating history and was the first SunPower Elite Dealer in the U.S., recognized for its customer service excellence [2]. - The acquisition process involves 300-500 tasks, with recent acquisitions being 85% and 40% complete, respectively [2]. Group 2: Strategic Importance - The acquisition is expected to bring advanced technology and a tech-savvy customer base to SunPower, aligning with the company's future goals in the solar market [2]. - Cobalt's ongoing projects include a 1.4 megawatt installation at Santa Clara University and a commercial project at the Fortinet building, showcasing its capability in larger installations [2]. Group 3: Company Background - SunPower Inc. is a leading residential solar services provider in North America, focusing on energy-efficient solutions through its digital platform and installation services [3]. - The company aims to support customers transitioning to more energy-efficient lifestyles [3]. Group 4: Legal and Negotiation Aspects - The letter of intent allows either party to abandon negotiations at any time without legal repercussions, except for breaches of exclusivity terms [4]. - The acquisition remains subject to further negotiations, due diligence, and customary closing conditions, with expectations to finalize the agreement by Q1 2026 [6].