SunPower

SunPower Corporation

Company type	Public
Traded as	Nasdaq: SPWR S&P 600 component
Industry	Renewable energy
Founded	1985; 39 years ago (1985)
Founder	Richard Swanson
Headquarters	Richmond, California , U.S.
Area served	Worldwide
Key people	Peter Faricy (President & CEO)
Revenue	US$1.741 billion (2022)
Operating income	US$−0.49 million (2022)
Net income	US$60.463 million (2022)
Total assets	US$1.780 billion (2022)
Total equity	US$575 million (2022)
Owner	TotalEnergies (50.6%)
Number of employees	4,710 (2022)
Website	sunpower.com
Footnotes / references Financials as of December 31, 2022[update]. References:[1]

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company purchased a controlling interest in SunPower for US$1.37 billion in 2011.

The company previously developed and manufactured photovoltaic panels, before spinning off that part of its business in 2020 as Maxeon Solar Technologies. The company had also previously marketed its products to commercial and industrial customers before agreeing to sell that business line to TotalEnergies in February 2022.