Company Updates - SunPower Corp has received additional waiver extensions from Atlas Securitized Products Holdings, L P and Bank of America, extending the latest temporary waivers until February 16, 2024 [1] - The company has secured commitments for $20 million in financing from its majority shareholders TotalEnergies and Global Infrastructure Partners [1] - SunPower plans to use the financing and waiver extensions to continue discussions with key financial partners as it evaluates strategic alternatives for a long-term financial solution [1] Company Overview - SunPower is a leading residential solar, storage, and energy services provider in North America [2] - The company offers solar + storage solutions that provide customers with control over electricity consumption, resiliency during power outages, and cost savings for homeowners [2]

In this video, Motley Fool contributors Jason Hall and Tyler Crowe take a closer look at SunPower (SPWR -2.29%), its spinoff of Maxeon Solar Tech (MAXN -2.05%), and why Enphase Energy (ENPH -1.37%) and First Solar (FSLR -0.94%) look like better stocks to buy right now.*Stock prices used were from the afternoon of Jan. 23, 2023. The video was published on Jan. 27, 2023. ...

After enjoying a pleasant pop in its share price at the end of 2023, solar company SunPower (SPWR -10.00%) is experiencing a dimmer 2024. Its share price cratered by 10% on Thursday after an analyst downgraded his rating on the stock. That decline was far steeper than the S&P 500 index's 0.3% dip for the session.Yet another bearish take on SunPowerWell before the market opened, Raymond James Financial's Pavel Molchanov changed his recommendation on SunPower stock to market perform -- hold, in other words -- ...

Core Viewpoint - Investors have shown increased confidence in SunPower's stock, with a price increase of over 8% in recent trading days, primarily driven by positive financing news [1] Group 1: Financial Developments - SunPower faced a financial challenge due to a delay in delivering quarterly financials to the SEC, which breached a loan covenant and risked an "immediate acceleration" of debt [2] - The company secured a temporary waiver from its creditor until January 19, 2024, alleviating the immediate threat of default [2][3] - Despite the waiver, SunPower remains in a precarious financial position, having issued a "going concern" warning due to significant indebtedness [3] Group 2: Compliance and Reporting - SunPower successfully filed its quarterly figures with the SEC on December 18, regaining compliance with reporting requirements the following day [4]

The solar industry should have had a good week, with interest rates continuing to fall and the residential solar industry looking like it's about to turn a corner. Instead, SunPower's (SPWR 1.12%) shares collapsed 27%, according to data provided by S&P Global Market Intelligence, because SunPower warned investors that it may not be a "going concern" if it can't find additional financing.The financing crunchThis week, SunPower announced it had breached covenants on debt that could be immediately callable, me ...

Table of Contents _________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of exchange on which registered Common Stock, $0.001 par value per share SPWR The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 1, 2023 OR ☐ TRANSITION REPORT PURS ...

SunPower Corporation (NASDAQ:SPWR) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants Mike Weinstein - Vice President, Investor Relations Peter Faricy - Chief Executive Officer Beth Eby - Chief Financial Officer Conference Call Participants Tristan Richardson - Scotiabank Colin Rusch - Oppenheimer & Company, Inc. Philip Shen - Roth MKM Pavel Molchanov - Raymond James Joseph Osha - Guggenheim Brian Lee - Goldman Sachs Ben Kallo - Baird Jon Windham - UBS Julien Dumoulin-Smith - ...

November 1, 2023 SunPower Confidential and Proprietary | © 2023 SunPower Corporation Safe Harbor Statement This presentation contains forward-looking statements within the meaning of (1) regulatory changes and the availability of economic incentives promoting use of solar the Private Securities Litigation Reform Act of 1995, including, but not limited to, energy; (2) potential disruptio ...

Table of Contents _________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of exchange on which registered Common Stock, $0.001 par value per share SPWR The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 2, 2023 OR ☐ TRANSITION REPORT PURSUAN ...

SunPower Corporation (NASDAQ:SPWR) Q2 2023 Earnings Conference Call August 1, 2023 8:00 AM ET Company Participants Mike Weinstein - Vice President, Investor Relations Peter Faricy - Chief Executive Officer Beth Eby - Executive Vice President and Chief Financial Officer Conference Call Participants Sean Morgan - Evercore ISI Tristan Richardson - Scotiabank Pavel Molchanov - Raymond James Philip Shen - Roth MKM Kashy Harrison - Piper Sandler Michael Blum - Wells Fargo Andrew Percoco - Morgan Stanley Brian Lee ...