SunPower Inc (NASDAQ: SPWR) is a residential solar energy company that sells and installs solar energy systems and energy storage systems for homeowners and new home builders across the United States. Revenue is generated through solar system sales and installation contracts, with the company acting as both a direct installer and as an orchestrator of a network of third-party sales partners and build partners. The company was built substantially through acquisition, including the purchase of SunPower Corporation's Blue Raven Solar, New Homes Business, and Non-Installing Dealer network out of Chapter 11 bankruptcy (effective September 30, 2024), as well as the acquisitions of Sunder Energy LLC (September 24, 2025) and Ambia Energy LLC (November 21, 2025). Headquarters are in Orem, Utah. For fiscal year ended December 28, 2025, the company reported revenues of $300.0 million and a gross margin of 43%, but posted a loss from continuing operations of $26.9 million. Management has identified conditions raising substantial doubt about the company's ability to continue as a going concern, and the company has disclosed material weaknesses in internal controls over financial reporting.

Revenue model

Transactional revenue from solar system sales and installation contracts with residential homeowners and new home builders. Dealer revenue is recognized at the point when Permission to Operate (PTO) is obtained, indicating installation is complete. The company also operates through Sunder Energy, which acts as a sales agent earning revenue from contracts sold to customers for solar installations performed by third-party installers.

Products and services

Residential solar energy systems, energy storage systems, solar installation services, system output performance warranties, and system maintenance. The company provides software tools, sales support, and brand identity to its sales partner network. It also owns Albatross, a proprietary order-to-management software platform acquired as part of the SunPower asset purchase.

Customers and end markets

Residential homeowners and new home builders in the United States. The company sells directly to homeowners and through a national network of sales partners and build partners.

Value-chain role

The company sits between homeowners and local construction specialists. It manages customer acquisition, pre-construction activities (engineering plans, hardware procurement, permitting), and customer experience, while outsourcing physical installation to local build partners and third-party installation companies. Sunder operates purely as a sales agent, passing installation work to third parties.

Geographic exposure

United States, with headquarters in Orem, Utah and additional operations in South Jordan, Utah. The company has stated intentions to expand into additional U.S. states.

Source: SEC 10-K, filed 2026-04-14

Industry: Construction - Special Trade Contractors Peers: CORETEC GROUP INC. Sunation Energy Inc Energous Corp Emerson Electric Co Energy Focus Inc SOLAR INTEGRATED ROOFING CORP. /entities/aetn