On the call today, we will start off with a strategic overview from Tom Werner, CEO of SunPower, who will also provide an update on our SPES business followed by Jeff Waters, CEO of SPT and Maxeon, who will discuss our international business. Manu Sial, our CFO, will then review our first-quarter 2020 financial results before turning the call back to Tom for guidance.

In honor of Memorial Day, SunPower (NASDAQ:SPWR) is now offering an ongoing exclusive $1,000 home solar VISA Reward Card Rebate¹ for veterans and active duty military.

Upon closing the business will be renamed NovaSource Power Services (“NovaSource” or the “Company”). NovaSource is a recognized O&M leader in commercial, industrial and utility scale solar projects.

Tech CU (Technology Credit Union) announced today it will provide $1 billion in financing for residential solar loans via a partnership with SunPower, a sustainable energy company that provides customers with complete solar solutions and services. “We have enjoyed unprecedented success as one of the first lenders to partner with third party finance providers in this space, and are thrilled to add SunPower, a premium solar equipment manufacturer and solution provider, to our growing list of solar funding partners,” said Todd Harris, CEO of Tech CU.

The transition to renewable energy remains a long-term trend that investors still want to bet on regardless of the current level of demand.

SunPower Corp. (NASDAQ:SPWR) today announced that a new $1 billion partnership with Technology Credit Union (Tech CU) will increase financing options for qualified U.S. residential solar customers. The new partnership will give SunPower access to capital for its loan program.

Solar companies' earnings came in upbeat-to-mixed in Q1, which facilitated a super rally in the pure-play fund past week.

Q1 2020 SunPower Corp Earnings Call

SunPower's (SPWR) Q1 performance is likely to have benefited from strong demand growth in its commercial business and booking strength. Project delays might have marred the performance.

SunPower (SPWR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shares in SunPower Corp. (SPWR) rose more than 6% as the U.S. solar company announced it teamed up with funding partner Technology Credit Union (Tech CU) to secure $1 billion in solar and storage financing for the coming four years.SunPower’s shares surged 6% to $7.55 in early morning U.S. trading. The stock has surged over 60% since mid-March. The partnership will give SunPower access to capital for its loan program and will increase financing options for qualified U.S. residential solar customers, the company said."Our new partnership with Tech CU will diversify SunPower's funding resources while providing our customers with a streamlined process and experience," said Norm Taffe, executive vice president of North American Channels at SunPower. "This $1 billion commitment will also allow for tens of thousands of SunPower solar systems to be funded over the course of the next four years."SunPower, which is majority-owned by French energy giant Total SA (TOT), makes solar panels for roof tops and specializes in residential and commercial solar installations.The partnership will enable SunPower to reduce operating costs through lower per-watt financing fees and streamline the loan application and contract signing process for customers, the energy company said. In addition, the utilization of a financing platform that integrates SunPower's sales and system design tools will give customers the ability to compare cash, lease or loan acquisition options all at one time, it said.Wall Street analysts are sidelined on SunPower’s stock as the consensus recommends investors Hold the stock. The consensus rating is divided into 5 Holds, 4 Buys and 2 Sells. The $8.93 average price target forecasts shares will soar 19% in the coming 12 months. (See SunPower stock analysis on TipRanks)Related News: Total Sticks to Dividend Payout Despite Quarterly Profit Plunge Starbucks to Reopen 85% of U.S. Stores This Week; Fitch Cuts Rating to BBB WestRock Reports Quarterly Sales Miss, Slashes Dividend Payout By 57% More recent articles from Smarter Analyst: * Tesla’s California Auto Plant Gets Go-Ahead to Reopen Next Week * Pfizer Plans To Test Covid-19 Vaccine On Thousands Of Patients By September- Report * Uber Rejects GrubHub’s All-Stock Proposal – Report * Gilead Signs Remdesivir Licensing Agreements With Five Drugmakers

SunPower (SPWR) aims at becoming a pure-play distributed generation energy services company, after the spin-off.

SunPower reported revenue of $449.2 million in the quarter, gross margin of 8.3%, and an adjusted loss of $17.3 million, or $0.10 per share. While losses are never good, SunPower's digitized sale process has held up well, and the company is making progress turning the commercial business into a profitable operation. Investors are still speculating on what the rest of the year will look like, but right now SunPower is performing even better than expected in a seasonally weak quarter with COVID-19 headwinds.

SunPower's (SPWR) first-quarter top line improves 10.4% year over year on higher sales of solar power systems, components and solar services.

SunPower Corp. (NASDAQ:SPWR) today announced that its planned company split into two independent, pure-play solar companies took an important step forward when Maxeon Solar Technologies' future investor and long-time partner Tianjin Zhonghuan Semiconductor Co. (TZS), received necessary regulatory approval from China's State Administration for Market Regulation.

SunPower has been around much longer and has a big money supporter, but SolarEdge has proven to be the more lucrative business.

SunPower Corp tops the list Continue reading...

SunPower (SPWR) delivered earnings and revenue surprises of 52.38% and 2.82%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

When COVID-19 began to wreak havoc on the solar industry, resulting in the loss of tens of thousands of jobs, it seemed obvious that most residential solar companies would be impacted in a similar way. SunPower's Design Studio makes it easier for customers to begin creating a solar installation design than any other U.S. installer. Over the last two months, installers like Vivint Solar (NYSE: VSLR) and Sunrun (NASDAQ: RUN) have scrambled to increase online sales of solar products.

The oil industry is usually a pretty boring place to invest. Not lately, though. Oil prices have been swinging wildly for the past few weeks, but they haven't swung anywhere close to the $60/barrel they reached in February.