SunPower

SunPower has been a pioneering force in the solar energy industry for nearly four decades, revolutionizing how homes and businesses harness clean energy. Founded in 1985 by Stanford professor Richard Swanson, the company built its reputation on developing some of the world's most efficient solar panels and comprehensive solar solutions. Throughout its history, SunPower has installed systems for over 500,000 customers, establishing itself as a trusted name in residential and commercial solar.

The company's journey has been marked by significant transformations and ownership changes. After going public in 2005 and being acquired by TotalEnergies in 2011, SunPower faced financial challenges in 2024 that led to Chapter 11 bankruptcy protection in August. However, this marked not an ending but a transformation. Complete Solaria acquired SunPower's key assets—including the brand, intellectual property, Blue Raven Solar division, New Homes division, and dealer network—for $45 million in September 2024, rebranding itself as SunPower.

Under new leadership with T.J. Rodgers as Chairman and CEO, the restructured SunPower has emerged leaner and more focused. The company streamlined from 2,901 to 900 employees while achieving over $300 million in annualized revenue and turning profitable within two quarters of the acquisition. The new SunPower continues its mission to provide end-to-end solar solutions, from initial consultation and system design to installation and maintenance, serving residential, commercial, and utility-scale markets.

Looking ahead to 2025-2026, SunPower's vision is ambitious: grow from the current $300 million revenue run rate to over $1 billion through strategic acquisitions in the solar market. The company maintains its commitment to innovation in solar technology while adapting to the evolving renewable energy landscape, positioning itself for renewed growth in an industry critical to the global energy transition.