SPWR
SunPower Inc.1.6800
+0.0600+3.7%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Sales force bookings exceed forecasts
Q&A revealed strong early traction from the expanded sales force, with Sunder and Purolite reps already driving bookings upside to Q1 guidance and projecting mid-single-digit contribution ramping to 35% this year. Management clarified $84 million Q1 revenue as conservatively below internal plans, while dismissing silver prices as a non-issue amid panel oversupply. New Homes bookings are set to double to $110 million in 2026 for 2027 revenue lift, and Cobalt adds C&I expertise for megawatt-scale projects like data centers. OpEx appears flat excluding GAAP distortions. Sales conversion builds the roof. Confident on every-quarter profits; investors will eye fall-through from rep growth.
Key Stats
Market Cap
162.43MP/E (TTM)
-Basic EPS (TTM)
-0.94Dividend Yield
0%Recent Filings
8-K
Stockholders boost equity plan
SunPower stockholders approved the Second Amendment to its 2023 Equity Incentive Plan on March 25, 2026, boosting the share reserve to 44,573,109 shares. This supports equity awards amid Nasdaq-compliant approvals for acquisitions, convertible notes, and equity facilities. Stockholders said yes. Plan auto-increases annually by 4% through 2033.
8-K
SunPower's revival presentation
SunPower presented at the 38th Annual ROTH Conference on March 23, 2026, highlighting its post-bankruptcy revival funded by $150M in convertible debentures. Acquisitions of Sunder ($90M revenue), Ambia ($80M), and Cobalt ($30M) drove record Q4'25 revenue of $88.5M and four straight profitable quarters, yet cash flow lags from debt interest. Targets $1B revenue by 2028.
8-K
SunPower raises $9M via debenture
SunPower issued a $10M principal convertible debenture to YA II PN on March 6, 2026, for $9M net proceeds, maturing March 6, 2027, with 0% interest but 18% on default. Monthly $2M installments plus 3% premium start May 6; convertible at $2.50 fixed or 95% VWAP post-installment, capped at 22.4M shares without approval. Sunder Note maturity extended if restricted; cash provides liquidity, yet dilutes on conversion. Deal caps equity issuance.
8-K
CFO switch to Laidley
SunPower replaced interim CFO Jeanne Nguyen, who stays as Chief Accounting Officer, with Wendell Laidley as CFO effective February 2, 2026. Laidley brings 30+ years of finance experience from Lumio and Life360, securing $400,000 base salary, 50% target bonus, and 1.2 million RSUs vesting over five years. Leadership stabilizes swiftly. Severance offers three months' pay if terminated without cause.
8-K
SunPower acquires Cobalt for shares
SunPower closed its acquisition of Cobalt Power Systems on February 2, 2026, issuing 1.8 million common shares upfront while committing to $3.33 million in shares at 12 and 18 months—totaling up to $10 million pre-RSU adjustments via VWAP. Key Cobalt staff get up to $2 million RSUs as retention inducement. Post-closing shares hinge on key personnel staying; indemnification caps recovery at those shares.
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