Business Strategy and Outlook| Brett Castelli |
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.