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Profile: SunPower Corp (SPWR.O)

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SunPower Corporation (SunPower), incorporated on May 25, 2004, is a global energy company. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation. The Company sells panels and balance of system components, primarily to dealers, system integrators and distributors. It designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. The Company offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase.

The Residential Segment refers to sales of solar energy solutions to residential end customers through a range of means, including cash sales and long-term leases directly to end customers, sales to resellers, including the Company's third-party global dealer network, and sales of the Company's operations and maintenance (O&M) services. The Commercial Segment refers to sales of solar energy solutions to commercial and public entity end customers through various means, including direct sales of engineering, procurement and construction (EPC) services, sales to the Company's third-party global dealer network, sales of energy under power purchase agreements (PPAs), and sales of the Company's O&M services. The Power Plant Segment refers to the Company's solar products and systems business, which includes power plant project development and project sales, EPC services for power plant construction, power plant O&M services and component sales for power plants developed by third parties on a multi-year, firm commitment basis.

Residential

The Company offers a set of residential solutions that deliver value to homeowners and its dealer partners. The Company has developed the capability to deliver alternating current (AC) panels with factory-integrated microinverters. AC system architecture facilitates direct panel installation, eliminating the need to mount or assemble additional components on the roof or the side of a building. The Company is developing an integrated residential solar platform that focuses on combining solar power production and energy management, and will allow residential customers to complete their system installations. It offers SunPower InvisiMount residential mounting system in its product portfolio. The InvisiMount system is designed for use with its panels and it reduces installation time through pre-assembled parts and integrated grounding. The InvisiMount system is suited for residential sloped roof applications and provides enhanced aesthetics by delivering floating appearance. The Company supports its hardware development with investments in its set of advanced monitoring applications (the SunPower Monitoring System) and its EnergyLink customer portal. This software is available for use on the Web or through the SunPower mobile application on smartphones and tablets.

Commercial

The Company offers Helix system, which is a pre-engineered, modular solution that combines its solar module technology with plug-and-play power stations, cable management systems and mounting hardware that enables customers to scale their solar programs with minimal business disruption. The Helix platform is standardized across rooftop, carport and ground installations. The Helix platform is also bundled with its Smart Energy software analytics, which provides the customers with detailed information about their energy consumption and production. It also offers a range of commercial solutions designed to address a range of site requirements for commercial rooftop, parking lot and open space applications, including a portfolio of solutions utilizing framed panels and a variety of internally or externally developed mounting methods for flat roof and high tilt roof applications. Its commercial flat rooftop systems are designed to be lightweight and interlock, enhancing wind resistance. It also offers parking lot structures designed for SunPower panels, balance of system components and inverters.

Power Plants

The Company offers modular solar power block, the Oasis system, which combines SunPower solar panels and tracker technology into a scalable 1.5-megawatt (MW) solar power block. The Oasis operating system is designed to support future grid interconnection requirements for large-scale solar power plants, such as voltage ride-through and power factor control. Over 1.5 gigawatt (GW) of the Oasis system is installed or under contract across the world. Its robotic solar power plant cleaning system technology has been deployed on various utility-scale solar power systems, for which it provides O&M services. Its single axis tracking systems automatically pivot solar panels to track the sun's movement throughout the day. The Company's solar concentrator, LCPV, combines a horizontal single-axis tracker with rows of parabolic mirrors, reflecting light onto linear arrays of its solar cells.

The Company competes with Canadian Solar Inc., Hanwha Corporation, JA Solar Holdings Co., Kyocera Corporation, LG Corporation, Mitsubishi Corporation, NRG Energy, Inc., Panasonic Corporation, Recurrent Energy, Sharp Corporation, SolarCity Corporation, SolarWorld AG, SunEdison Inc., Sungevity, Inc., SunRun, Inc., Trina Solar Ltd., Vivint, Inc., Yingli Green Energy Holding Co. Ltd, Abengoa Solar S.A., Acconia Energia S.A., AES Solar Energy Ltd., Chevron Corporation, EDF Energy plc, First Solar Inc., NextEra Energy, Inc., Sempra Energy, Silverado Power LLC., Skyline Solar, Inc., Solargen Energy, Inc., Solaria Corporation and Tenaska, Inc.

Company Address

SunPower Corp

77 Rio Robles
SAN JOSE   CA   95134
P: +1408.2405500
F: +1302.6555049

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