SunPower Corp
SPWR: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$1.00 | Jksjq | Xgq |
SunPower Looks to Reduce Costs Amid Weak Rooftop Solar Demand
Business Strategy and Outlook
SunPower has undergone a number of strategic changes in recent years to refocus on the U.S. residential solar market. In 2020, it completed the spinoff of Maxeon, its legacy solar module manufacturing business. In 2021, Peter Faricy replaced longtime CEO Tom Werner, who retired. Faricy promptly focused the company on U.S. residential by exiting the less profitable commercial segment and acquiring residential solar installer Blue Raven Solar.