Residential photo voltaic firm Full Photo voltaic introduced it’s going to change its identify to SunPower, after finishing acquisition of the bankrupt-SunPower’s property final 12 months.
“We’re going to use our SunPower model identify, so our shareholders can profit from the identify of the oldest and most well-known Silicon Valley photo voltaic firm based 40 years in the past in 1985,” mentioned T.J. Rodgers, Full Photo voltaic chairman and CEO. “We’re within the technique of formally altering our identify to SunPower and our inventory market ticker image to SPWR.”
Full Photo voltaic has gone by quite a lot of modifications within the final three years. Initially a California-based residential gross sales platform, Full Photo voltaic merged with photo voltaic panel firm Solaria in 2022. Solaria, a frontrunner in shingled-module expertise, used a community of residential set up companions in the US to distribute its high-tech panels.
Full Photo voltaic ultimately bought Solaria’s intellectual property to Maxeon, the panel manufacturing spinout of SunPower, previously the nation’s largest residential set up supplier. Full Photo voltaic mentioned it might then supply Maxeon photo voltaic panels to its set up community.
SunPower itself filed for bankruptcy in August 2024, and Full Photo voltaic acquired sure residential set up property from the corporate. Now Full Photo voltaic will function underneath the SunPower identify.
After finishing two quarters with the SunPower acquisition, Full Photo voltaic mentioned it’s now working as a $300 million residential photo voltaic installer, allegedly ranked fifth available in the market.
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