SunPower’s Kapil Rai Named EVP of New Homes Division

Core Insights - SunPower Inc. has announced the promotion of Kapil Rai to EVP of the New Homes division, which includes Multifamily and Light Commercial segments, aiming to strengthen partnerships across various stakeholders [1][3] - The New Homes division is expected to double in size in 2026, with a project pipeline projected to exceed $100 million by year-end, following a turnaround after losing customers due to the previous bankruptcy in 2024 [3] Company Developments - Kapil Rai brings over 20 years of global P&L leadership experience from the semiconductor industry, having worked with companies like Future Electronics and Microchip Technology [2] - The recent acquisition of Cobalt Power, a leading solar company in Silicon Valley, is seen as a key factor in the anticipated growth of the New Homes division [3] - SunPower's culture is shifting towards transparency, accountability, and zero-defects, which are viewed as essential for delivering long-lasting value to customers and shareholders [3] Market Position - SunPower is recognized as a leading residential solar services provider in North America, focusing on energy-efficient solutions for customers [4]