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Sunpower Corp (SPWR) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Sunpower Corp

CIK: 867773 Ticker: SPWR


Exhibit 99.1

NOT FOR IMMEDIATE RELEASE

Contacts:

Investors
Bob Okunski
408-240-5447
Bob.Okunski@sunpower.com

Media
Natalie Wymer
408-457-2348
Natalie.Wymer@sunpower.com

SunPower Reports Second Quarter 2019 Results
Strong Execution; Continued Volume Growth into Global DG Markets
Company Raising FY 2019 Adjusted EBITDA / Net Income Guidance

SAN JOSE, Calif., July 31, 2019
- SunPower Corp. (NASDAQ:SPWR) today announced financial results for its second quarter ended June 30, 2019.

Second Quarter Highlights
Continued strength in distributed generation (DG), expanded international power plant footprint
Partnered with Bank of America Merrill Lynch and Hannon Armstrong on residential lease funding structure to lower capital costs and improve economics
SunPower Energy Services (SPES)
Commenced U.S. shipments of 415-watt residential Maxeon-5, A-Series panel
Commercial and industrial (C&I) Helix storage solutions pipeline increased to 135 megawatts (MW) with about 30 percent attach rate
SunPower Technologies (SPT)
Record quarterly shipment volume into international DG markets
Expected production on second Maxeon-5 manufacturing line in third quarter with 250-MW nameplate capacity by end of 2019



The following information was filed by Sunpower Corp (SPWR) on Wednesday, July 31, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Sunpower Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parentheticals)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Equity (Deficit)
Consolidated Statements Of Operations
Balance Sheet Components
Balance Sheet Components (Details)
Balance Sheet Components (Tables)
Business Divestiture
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Business Divestiture - Narrative (Details)
Business Divestiture - Net Gains (Details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies - Facility And Equipment Leases (Details)
Commitments And Contingencies - Future Maturities (Details)
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Debt And Credit Sources (Details)
Debt And Credit Sources (Tables)
Derivative Financial Instruments
Derivative Financial Instruments (Details)
Derivative Financial Instruments (Tables)
Equity Investments
Equity Investments - Equity Method Investments (Details)
Equity Investments - Related Party Transactions With Investees (Details)
Equity Investments - Sunstrong Llc (Details)
Equity Investments Equity Investments (Tables)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Fair Value Measurements - Narrative (Details)
Income Taxes
Income Taxes (Details)
Net Income (Loss) Per Share
Net Income (Loss) Per Share (Details)
Net Income (Loss) Per Share (Tables)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (Policies)
Organization And Summary Of Significant Accounting Policies (Tables)
Organization And Summary Of Significant Accounting Policies - Impact Of New Leasing Guidance (Details)
Organization And Summary Of Significant Accounting Policies - Narrative (Details)
Organization And Summary Of Significant Accounting Policies - Useful Lives (Details)
Restructuring
Restructuring (Details)
Restructuring (Tables)
Restructuring - Rollforward (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Details)
Revenue From Contracts With Customers (Tables)
Segment And Geographical Information
Segment And Geographical Information (Details)
Segment And Geographical Information (Tables)
Solar Service
Solar Services (Details)
Solar Services (Tables)
Solar Services - Narrative (Details)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
Transactions With Total And Total S.A.
Transactions With Total And Total S.A. (Details)
Transactions With Total And Total S.A. (Tables)

Material Contracts, Statements, Certifications & more

Sunpower Corp provided additional information to their SEC Filing as exhibits

Ticker: SPWR
CIK: 867773
Form Type: 10-Q Quarterly Report
Accession Number: 0000867773-19-000047
Submitted to the SEC: Wed Jul 31 2019 4:47:53 PM EST
Accepted by the SEC: Thu Aug 01 2019
Period: Sunday, June 30, 2019
Industry: Semiconductors And Related Devices

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