SunPower Corporation - SPWR STOCK NEWS

SunPower (NASDAQ:SPWR) has announced the launch of two new battery configurations for its SunVault energy storage product: 19.5 kWh and 39 kWh, enhancing its modular and scalable offerings. These new versions allow homeowners to store more energy in less space and come with improved design features for easier installation. With the launch, SunVault now offers five configurations, enabling comprehensive home power solutions during outages. Homeowners may also benefit from a 30% tax credit on battery technology purchases starting in 2023 due to the Inflation Reduction Act.

SunPower (NASDAQ:SPWR) has announced minority investments in EmPower Solar and Renova Energy, expanding its Dealer Accelerator Program aimed at boosting solar dealer growth. This program, launched in March 2022, provides crucial capital financing and strategic support to high-potential dealers. Demand for solar energy is surging, fueled by federal incentives and rising consumer interest. Renova, recognized for its sales performance, and EmPower, a key player in New York, will now exclusively offer SunPower’s solar solutions.

SunPower Corp. (SPWR) will announce its third quarter 2022 financial results on November 8, 2022, at 8:05 a.m. ET, followed by a conference call at 8:30 a.m. ET. Investors can register for the live call and access supplemental financial information via their investor website. The company, a leader in solar and energy services in North America, provides unique solar + storage solutions to enhance electricity consumption control and resilience during outages. More details are available on their investor site.

IKEA U.S. has partnered with SunPower Corp. (NASDAQ: SPWR) to offer exclusive home solar energy solutions for IKEA Family loyalty members in select locations in California, starting September 12, 2022. This initiative aims to make sustainable living more accessible, featuring four solar packages that include a SunPower Equinox Solar System, energy storage options, and EV charging. Members can access these offerings through IKEA stores or online, simplifying the transition to renewable energy with a straightforward five-step process. This collaboration enhances IKEA's commitment to sustainability.

TotalEnergies reported a strong financial performance for 2Q22 with an IFRS net income of $5.7 billion and adjusted net income of $9.8 billion, both significantly up from the previous year. The company is accelerating its transformation with major investments in LNG, renewables, and green hydrogen projects, including a significant stake in Qatar's NFE LNG project and the acquisition of Clearway Energy Group. Cash flow from operations reached $16.3 billion, and the company announced a 5% increase in its interim dividend to €0.69/share. Despite a $3.5 billion impairment charge related to Russian assets, TotalEnergies remains focused on delivering shareholder returns and expanding its renewable portfolio.

SunPower Corp. (NASDAQ: SPWR) will announce its second quarter 2022 financial results on August 2, 2022, at 8:05 a.m. ET, followed by a conference call at 8:30 a.m. ET. Investors can access the live audio webcast by registering online. SunPower, a major solar and energy services provider in North America, specializes in solar + storage solutions. These solutions provide customers with control over their electricity consumption during outages while also delivering potential cost savings.

TotalEnergies has signed an agreement with Global Infrastructure Partners to acquire 50% of Clearway Energy Group, marking its largest renewable energy acquisition in the US. This strategic investment positions TotalEnergies as a significant player in the US renewable market, with Clearway controlling 7.7 GW of operational assets and a 25 GW development pipeline. The transaction involves $1.6 billion in cash and aims to enhance Clearway's growth through TotalEnergies' trading capabilities. This acquisition aligns with TotalEnergies' goal to reach 100 GW of renewable capacity by 2030.

Global Infrastructure Partners (GIP) and TotalEnergies have announced a strategic partnership aimed at boosting their presence in the U.S. renewable energy sector. TotalEnergies will acquire 50% of GIP's interest in Clearway Energy Group for $1.60 billion in cash along with a stake in the TotalEnergies subsidiary owning 51% of SunPower Corporation (NASDAQ:SPWR). Clearway, which has a 22 GW development pipeline, stands to benefit from TotalEnergies' U.S. power marketing capabilities, enhancing its growth potential. This partnership marks TotalEnergies' largest investment in U.S. renewables.