Sunpower Ceases Residential Installations, Lays Off 1,000
SunPower just sent an email to its employees saying that it will "wind down" residential solar installations
Electrek 5:47 am on May 5, 2024
Summarization: SunPower, a leading residential solar installer in the US, announced it will wind down residential solar installations and lay off approximately 26% of its workforce (around 4,000 employees). The company plans to transition pipeline operations to Blue Raven Solar and trusted dealers. SunPower will continue serving its dealer network, investing in new homes business, managing ongoing customer service, and honoring warranties. Recently, SunPower reported financial misstatements and market share losses. The residential solar industry is facing a significant blow from this announcement.
- SunPower announced the end of its residential solar installation services
- The company will lay off around 4,000 employees (26% of workforce)
- Pipeline operations will be transitioned to Blue Raven Solar and trusted dealers
- SunPower remains committed to its dealer network, new homes business, ongoing customer service, and warranties
- The news represents a significant challenge for the US residential solar industry
https://electrek.co/2024/04/24/sunpower-ceases-residential-installations-lays-off-1000/