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SunPower founder Richard Swanson's former classmate, T.J. Rodgers, was the CEO of Cypress Semiconductor and took an interest in investing in the company. [7] At first, the Cypress board wasn't willing to invest, so Rodgers invested $750,000 of his own money. [ 8 ]
About a year later Rodgers had convinced the board to invest $9 million in SunPower and a few months later Cypress bought a majority stake in SunPower. [18] In 2005 SunPower went public [20] and reached a market capitalization of $10.4 billion in 2007. [18] From May 2002 to May 2011, Rodgers served as chairman of SunPower. [21]
Dinwoodie then founded PowerLight Corporation in 1994, and served as its CEO and chairman of the board from 1995 to 2007. PowerLight was a global manufacturer, supplier, and systems integrator of solar products and services for the residential, commercial, and utility sectors. [ 1 ]
After the company's report, I had the chance to talk with CEO Tom. SunPower reported fourth quarter earnings and despite crushing the expectations it set as well as those of Wall Street, the stock ...
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Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. [2] Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.
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