SunPower

SUNPOWER INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of SunPower Corporation - SPWR

Retrieved on: 
Friday, March 29, 2024
Class Action Lawsuit, Professional Services, Legal, KSF, Bank statement, SunPower

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into SunPower Corporation (NasdaqGS: SPWR).

Key Points: 
  • Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into SunPower Corporation (NasdaqGS: SPWR).
  • KSF’s investigation is focusing on whether SunPower’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

Maxeon Appoints Vikas Desai as Chief Commercial Officer

Retrieved on: 
Monday, April 1, 2024
Solar energy, Market, SunEdison, Acquisition, Software, Vikas, SunPower, Ecosystem, Sales

SINGAPORE, April 1, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced the appointment of Vikas Desai as Chief Commercial Officer, effective immediately.

Key Points: 
  • SINGAPORE, April 1, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced the appointment of Vikas Desai as Chief Commercial Officer, effective immediately.
  • Desai joined Maxeon in October last year, as part of the Solaria asset acquisition and will now be responsible for the Company's global go-to-market and customer-facing functions.
  • "Vikas is a respected solar industry veteran with an extensive track record of creating trusted partnerships that drive successful channel growth and deliver enhanced value to customers and partners," said Bill Mulligan, Maxeon CEO.
  • He came to Maxeon with the Company's acquisition of assets from Complete Solaria in October 2023, where he had served as President.

SunPower Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K

Retrieved on: 
Thursday, March 21, 2024
Notice, Form, Calendar, SunPower

RICHMOND, Calif., March 21, 2024 /PRNewswire/ -- SunPower (NASDAQ:SPWR) received on March 20, 2024, a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires timely filing of all required periodic financial reports with the SEC, as a result of not having timely filed the Form 10-K with the SEC, as described more fully in the Company's Notification of Late Filing on Form 12b-25 filed with the SEC on February 29, 2024.

Key Points: 
  • RICHMOND, Calif., March 21, 2024 /PRNewswire/ -- SunPower (NASDAQ:SPWR) received on March 20, 2024, a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires timely filing of all required periodic financial reports with the SEC, as a result of not having timely filed the Form 10-K with the SEC, as described more fully in the Company's Notification of Late Filing on Form 12b-25 filed with the SEC on February 29, 2024.
  • The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq.
  • The Notice indicated that the Company must submit a plan to regain compliance with the Listing Rule within 60 calendar days and, following receipt of such plan, Nasdaq may grant an extension of up to 180 calendar days from the Form 10-K due date, or until September 11, 2024, for the Company to regain compliance.
  • While the Company can provide no assurances as to timing, the Company is working diligently to finalize the Form 10-K and plans to file the Form 10-K as soon as practicable to regain compliance with the Listing Rule.

Maxeon Sets Another Solar Panel Efficiency Benchmark and Achieves Leading Reliability Certification

Retrieved on: 
Thursday, March 21, 2024
Climate change, Organization, IEC, Architecture, SunPower, IBC, NREL, Weather, Renewable energy

SINGAPORE, March 21, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, has extended its technology leadership by achieving another leading efficiency rating benchmark for its solar panels. The Company today announced a module aperture efficiency measurement of 24.9% for its Maxeon 7 panel, as confirmed by testing conducted at the U.S. National Renewable Energy Laboratory (NREL). Maxeon's new efficiency benchmark builds on a long history of delivering the industry's most advanced solar panels and extends the "champion module efficiency" lead of Maxeon panels previously validated by NREL testing in 2023.

Key Points: 
  • Maxeon 7 panel attains 24.9% efficiency, extending the Company's technology leadership
    SINGAPORE, March 21, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, has extended its technology leadership by achieving another leading efficiency rating benchmark for its solar panels.
  • The Company today announced a module aperture efficiency measurement of 24.9% for its Maxeon 7 panel, as confirmed by testing conducted at the U.S. National Renewable Energy Laboratory (NREL).
  • Maxeon's new efficiency benchmark builds on a long history of delivering the industry's most advanced solar panels and extends the " champion module efficiency " lead of Maxeon panels previously validated by NREL testing in 2023.
  • Achieving this exceptional resistance standard provides increased reliability and durability to support a wider range of solar installations globally.

SunPower Appoints Chief Revenue Officer

Retrieved on: 
Thursday, March 14, 2024
Principal, Senior, Generac, SunPower

RICHMOND, Calif., March 14, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR) a leading residential solar technology and energy services provider, today announced the appointment of residential solar and home energy veteran, Tony Garzolini, as Executive Vice President and Chief Revenue Officer (CRO). In this role, Tony will oversee sales, including the Direct, Dealer and New Homes channels, along with pricing and demand generation.

Key Points: 
  • RICHMOND, Calif., March 14, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR) a leading residential solar technology and energy services provider, today announced the appointment of residential solar and home energy veteran, Tony Garzolini, as Executive Vice President and Chief Revenue Officer (CRO).
  • "SunPower made great strides to improve our financial footing and we remain laser focused on achieving profitability and cash flow generation.
  • As a part of this imperative, we're pleased to welcome Tony back to SunPower as our first Chief Revenue Officer," said Tom Werner, Executive Chairman of the Board and Principal Executive Officer of SunPower.
  • "I'm eager to work with SunPower's leadership and sales teams, alongside our Dealer Network, as we lead SunPower into its next chapter."

Synaptics Strengthens Leadership Team with the Addition of Lisa Bodensteiner as Senior Vice President, Chief Legal Officer, and Secretary

Retrieved on: 
Thursday, March 7, 2024
SAN, Senior, Reno 1868 FC, Chief, General counsel, University, SunPower, Business administration, Ecosystem, Law, Poly, First Solar, Plantronics, Corporation, Management

SAN JOSE, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced the appointment of Lisa Bodensteiner as Senior Vice President, Chief Legal Officer and Secretary, strengthening its leadership team.

Key Points: 
  • SAN JOSE, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced the appointment of Lisa Bodensteiner as Senior Vice President, Chief Legal Officer and Secretary, strengthening its leadership team.
  • Ms. Bodensteiner joined in November to guide Synaptics' legal strategy, ensure regulatory compliance, and oversee corporate governance.
  • “Lisa’s track record and incredibly diverse experience as a legal executive for high-growth companies makes her an invaluable sounding board for me and the rest of the executive team,” said Michael Hurlston, President and CEO of Synaptics.
  • She also served as Executive Vice President, General Counsel, and Chief Compliance Officer at SunPower Corporation, a leading global solar power solutions provider.

Enphase Energy Starts Shipping New Home Energy Systems in Italy with IQ Batteries

Retrieved on: 
Monday, February 26, 2024
Internet, Gateway, Intelligence, Communication, Safety, ENPH, Electricity, Energy, SunPower, Machine learning, Sóly, Museo Ferrari, Video game

Enphase launched its new home energy system in Italy with IQ Battery 5P and IQ8 Microinverters during an event at the Ferrari Museum in Maranello in December 2023.

Key Points: 
  • Enphase launched its new home energy system in Italy with IQ Battery 5P and IQ8 Microinverters during an event at the Ferrari Museum in Maranello in December 2023.
  • Enphase began shipping IQ8 Microinverters at the end of 2023, and today announced the start of shipments for IQ Battery 5P to customers in the region.
  • “The Enphase Energy System, powered by the IQ Battery 5P, is Enphase’s most powerful home energy system,” said Antonio Tognazzi, owner of Lightland Soluzioni Energia Srl, a SunPower Premier Partner.
  • Enphase will be showcasing its Enphase Energy System with IQ8 Microinverters and IQ Battery 5P at the KEY Energy Transition Expo in Rimini, Italy from Feb. 28 - March 1, 2024 at stand D3 195.

Investigation Alert Microvast, SunPower, Telephone Data Systems, and Spirit AeroSystems: Johnson Fistel, LLP Encourages Long-Term Investors to Submit Their Information Below

Retrieved on: 
Thursday, February 22, 2024
Spirit AeroSystems, Spirit, Grant, U.S. Cellular, Nature, Data, Telephone, SunPower, Microvast, LLP, Defendant, Telephone and Data Systems, Boeing 737 MAX, Insurance

Johnson Fistel, LLP is investigating potential claims on behalf of Microvast Holdings, Inc. against certain of its officers and directors.

Key Points: 
  • Johnson Fistel, LLP is investigating potential claims on behalf of Microvast Holdings, Inc. against certain of its officers and directors.
  • Johnson Fistel, LLP is investigating potential claims on behalf of SunPower Corporation against certain of its officers and directors.
  • Johnson Fistel, LLP is investigating potential claims on behalf of Telephone and Data Systems, Inc. against certain of its officers and directors.
  • Johnson Fistel, LLP is investigating potential claims on behalf of Spirit AeroSystems Holdings, Inc. against certain of its officers and directors.

SunPower Announces Delay in Filing Form 10-K

Retrieved on: 
Thursday, February 29, 2024
Annual report, Form 10-K, SunPower, Calendar, Form, Security (finance), Bank statement

RICHMOND, Calif., Feb. 29, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that it filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the delayed filing of its Annual Report on Form 10-K ("Form 10-K") for the fiscal year ended December 31, 2023.

Key Points: 
  • RICHMOND, Calif., Feb. 29, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that it filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the delayed filing of its Annual Report on Form 10-K ("Form 10-K") for the fiscal year ended December 31, 2023.
  • SunPower requires additional time to complete its financial statements included in the Company's Form 10-K.
  • Filing a Form 12b-25 will provide the Company with an automatic extension of fifteen additional calendar days to file the Form 10-K, which is due on February 29, 2024.
  • SunPower expects to file the Form 10-K as soon as practicable.

SunPower Announces CEO Transition

Retrieved on: 
Tuesday, February 27, 2024
SunPower, Principal, Executive, Management

RICHMOND, Calif., Feb. 27, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that Chief Executive Officer (CEO) Peter Faricy has departed the Company, effective February 26, 2024. The Board is conducting a comprehensive search process to identify a permanent CEO. Until a successor is named, the Board has established an Office of the Chairman, led by Tom Werner, Executive Chairman of the Board and newly appointed Principal Executive Officer; and includes Elizabeth Eby, Chief Financial Officer; Eileen Evans, Chief Legal Officer; and other key members of the Executive Leadership Team. 

Key Points: 
  • RICHMOND, Calif., Feb. 27, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that Chief Executive Officer (CEO) Peter Faricy has departed the Company, effective February 26, 2024.
  • The Board is conducting a comprehensive search process to identify a permanent CEO.
  • "Over the past three years, SunPower has made strides toward expanding the footprint of residential solar, capturing a market-leading position in the new homes business and expanding consumer financing for solar through SunPower Financial.
  • He brings valuable institutional knowledge from his nearly 18 years of service as the Company's CEO and Chairman of the Board.