SunPower Corp

SPWR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$4.00	Cwyw	Sbh

SunPower Secures Additional Liquidity as It Navigates Challenging Rooftop Solar Market

Brett Castelli

Feb 16, 2024

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 former 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.

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