SunPower Inc.

SunPower Inc. announced that it will present its second-quarter 2026 financial results through a webcast on Tuesday, July 28, at 1:00 PM ET. Interested parties can register for the event or access it via the investor relations section of the company's website. This webcast will provide updates on the company's performance for the quarter.

SunPower Inc. announced the successful completion of a 977-kilowatt solar system at the 330-unit Millenium Project in Palm Desert, California. The system is expected to generate over 1.6 million kWh of energy annually. The company achieved a Net Promoter Score (NPS) of 90 for this project, marking a significant milestone in its customer transformation program. SunPower also highlighted its progress in improving its overall NPS from -25% in Q2'25, targeting 70%+ by Q2'27.

SunPower Inc. announced the departure of Jeanne Nguyen, its former Chief Accounting Officer. Her departure was effective on July 8, 2026. The company filed an 8-K to disclose this management change.

SunPower Inc. announced the appointment of Tom Kowalczuk as its new Chief Financial Officer, effective June 30, 2026. In connection with his appointment, Mr. Kowalczuk received an inducement grant consisting of 1.0 million time-based restricted stock units (RSUs). These RSUs will vest with 20% after one year and the remainder ratably over the subsequent four years, subject to his continuous service. The Board of Directors approved this inducement award without shareholder approval, in accordance with Nasdaq Stock Market Listing Rule 5635(c).

SunPower Inc. has announced the appointment of Tom Kowalczuk as its new Chief Financial Officer and Principal Financial Officer, effective June 30, 2026. Mr. Kowalczuk brings over 20 years of finance and accounting experience, including his most recent role as CFO of Bespoken Spirits. His compensation package includes an annual base salary of $400,000, a target bonus opportunity of 50% of his base salary, and a grant of 1,000,000 restricted stock units.

SunPower Inc. entered into agreements to exchange approximately $10.7 million of cash interest, otherwise payable on its convertible senior notes, for 19,300,991 shares of its common stock. This transaction, which closed on July 1, 2026, allows the company to conserve cash by avoiding these interest payments. CEO T.J. Rodgers indicated that Q2'26 was likely the bottom quarter for the company and the U.S. residential solar industry, citing cost reductions, increased financial flexibility, a record backlog, and expectations for strong growth in Q3.

SunPower Inc. announced its intention to offer common stock, along with bonus shares, to certain holders of its 7% and 12% convertible senior notes due 2029. This offer is in lieu of cash interest payments otherwise due on July 1, 2026, and January 1, 2027. CEO T.J. Rodgers stated this move is intended to provide full financial flexibility throughout Q3 2026, following an incremental investment from Fortis Capital in May 2026 that bolstered Q2 cash.

SunPower Inc. announced the successful completion of 26 commercial solar projects for Starbucks. The company received a 90% Net Promoter Score (NPS) from Starbucks, a score considered world-class, reflecting high customer satisfaction. This achievement highlights SunPower's commitment to quality, execution, advanced product technology, installation, system activation performance, and ongoing customer support.

SunPower Inc. announced the issuance of additional 10.00% Convertible Senior Secured Notes due 2029 on May 20, 2026, following a previously closed private offering. These notes are senior, secured obligations maturing on May 1, 2029, with interest payable quarterly at 10.00% per year. Holders can convert notes into common stock at an initial rate of 610.3143 shares per $1,000 principal, subject to adjustments and an Exchange Cap of 9.99% beneficial ownership. The notes are guaranteed by Complete Solar, Inc. and secured by first-priority liens on company assets.

SunPower Inc. announced the closing of an incremental $5 million private placement of its senior, convertible debenture notes, bringing the total funding to $46 million. This capital infusion, provided by repeat investor Fortis Capital, will enhance intra-quarter liquidity for general corporate needs. CEO T.J. Rodgers highlighted ongoing efforts to reduce overhead from past acquisitions, aiming for cashflow breakeven in Q3'26, and noted record bookings for Q3'26.