Should You Invest In SunPower Corp?

SunPower Corporation provides solar energy and storage solutions and sells energy under power purchase agreements. Operating internationally, the company was incorporated in 1985 and has its headquarters in San Jose, California. SunPower operates through Residential, Light Commercial, Commercial and Industrial Solutions, and Others segments. In addition to sales through a third-party dealer network and resellers, the company provides long-term leases directly to end customers. For the residential market, the company offers the Equinox solar platform, which uses alternating current (AC) panel architecture and EnergyLink monitoring hardware, as well as the SunPower InvisiMount residential mounting system. For commercial applications, the company carries Helix products. The company has received more than 1,000 patents for solar innovation as of November 2021. SunPower Corporation is listed on the NASDAQ under the ticker SPWR. SunPower Corporation is a subsidiary of TotalEnergies. In October 2021, SunPower acquired Blue Raven Solar in a cash deal for $165m. As one of the fastest-growing residential solar provides within the United States, SunPower's acquisition of Blue Raven is expected to expand the company's footprint in the residential solar market and will also provide SunPower with in-house installation services. Monitor the SPWR share price and latest news by adding it to your eToro watchlist.