SunPower (NASDAQ: SPWR) is a prominent player in the residential solar, storage, and energy services market in North America. The company specializes in providing rooftop solar panels and energy storage solutions, primarily targeting homeowners and residential builders. SunPower's products help customers manage their electricity consumption, save on energy costs, and ensure power reliability during outages.

The company operates in the renewable energy sector, focusing on solar power and energy storage. This market is driven by increasing energy costs and the need for sustainable and reliable energy sources. SunPower's business model revolves around selling and installing solar panels and storage systems. Additionally, the company offers financial services through SunPower Financial, providing loans to make solar installations more accessible to homeowners.

SunPower generates revenue through the sale of solar panels, energy storage systems, and related services. The company also benefits from long-term service agreements and financing solutions, which provide a steady income stream. By partnering with residential builders, SunPower ensures that new homes come equipped with solar power systems, further expanding its market reach.

The company's majority ownership is held by Sol Holding, LLC, a joint venture between affiliates of TotalEnergies SE and Global Infrastructure Partners. This backing underscores the confidence of major energy players in SunPower's long-term value and financial stability.

In summary, SunPower is a key player in the residential solar and energy storage market, providing innovative solutions to homeowners and builders, supported by strong financial backing and a commitment to sustainability.

Keywords: residential solar, energy storage, rooftop solar, homeowners, builders, renewable energy, cost savings, power outages, financial services, North America.