SunPower Inc. Publishes Investor Presentation on Post-Bankruptcy Rebuild and 2028 $1 billion Revenue Target

Reuters
5 hours ago
SunPower Inc. Publishes Investor Presentation on Post-Bankruptcy Rebuild and 2028 $1 billion Revenue Target
  • SunPower said the legacy SunPower business entered bankruptcy in August 2024, and that T.J. Rodgers funded the new SunPower with five convertible debentures totaling USD 153 million.
  • The company said it is slightly cash flow negative due to convertible debt interest and the cost of three acquisitions, and reported operating income profit for four consecutive quarters.
  • SunPower said it acquired USD 200 million of revenue upside from Sunder (USD 90 million), Ambia (USD 80 million), and Cobalt (USD 30 million).
  • Management said the “requisition auction” system reduced headcount by 4.3x to 820 and reported revenue per employee-year of USD 445,000.
  • The company said it plans to recover revenue to USD 1 billion by 2028 and projected cash of USD 15 million in Q1 2027.


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