Slide 1: Jefferies Renewables & Clean Energy Conference
Jefferies Renewables & Second Quarter Report Q2’26 Clean Energy Conference T.J. Rodgers, CEO, July 28, 2026 T.J. Rodgers, December 4, 2025 1
Slide 2: Forward Looking Statements
Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertaintie
Slide 3: SunPower's New CFO
SunPower’s New CFO Northeastern Illinois Double Major Accounting & Finance MBA from University of Chicago Most recently, CFO of Bespoken Spirits Led significant financial transformation: doubling revenue, cutting operating expenses by half and reducing cash burn Prior 15 years in various positions a
Slide 4: SunPower Reports Q2'26 Results
SUNPOWER SunPower Reports Q2’26 Results Q3’26 Fest: $10 Million Operating Income Improvement OREM, Utah (July 28, 2026) — SunPower Inc. (herein “SunPower,” the “Company,” or Nasdaq: “SPWR’), a solar technology, services, and installation company, will present its Q2’26 results via webcast today, Tue
Slide 5: SunPower Inc. stock chart
Sunpower Inc : (Follow NASDAQ: SPWR 0.35 usp -1.36 (-79.81%) + past year Jul 28, 10:17 AM EDT - Disclaimer 1D 5D 1M 6M YTD Yv 3 2.04 USD Jan 23, 2026 T Oct 2025 Feb 2026 Jun 2026 Open 0.38 Mkt cap 45.22M High 0.38 P/E ratio 2 Low 0.28 Dividend 2 52-wk range 0.28 - 2.27 Qtrly Div Amt 2 SUNPOWER 5
Slide 6: Dan McCranie, Director – Marketing & Sales
Dan McCranie SPWR Director – Marketing & Sales 10 NASDAQ BoDs: Enovix Mentor Graphics Freescale Semi Actel Semi Cypress Semi Xicor Semi On Semi CEO: SEEQ Technology VP Mktg/Sales: Cypress Semi, SEEQ Semi, Harris Semi 6
Slide 7: Total Bookings
Total Bookings Signed Contract + Design Complete + Funding Approved 4,500 dons 4166 ite 4,103 2 , 3,655 3,500 3,000 2,567 2,500 2,000 1,654 1,500 4,197 1,000 500 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 SUNPOWER’ a
Slide 8: SunPower 1099 Headcount
SunPower 1099 Headcount +Sunder 1800 +Ambia 1646 +Purelight 1590 1600 1498 97 1454 69 1400 229 Old-SPWR 197 1200 1126 893 205 964 306 1000 976 800 769 600 1126 705 964 400 753 200 448 246 295 0 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 SunPower Sunder Ambia Purelight Total CBA: 07/02/2026 8
Slide 9: T.J. Rodgers, SPWR CEO, Executive Chairman
T.J. Rodgers SPWR CEO, Executive Chairman Washington, “To lead is to forfeit the fight to make excuses.” Dartmouth College 1970 Salutatorian (#2 in class) Physics (#1), Chemistry (#1) Trustee 2004-2012 (free speech, spending) Stanford & Silicon Valley PhDEE Solid State Electronics “Moore’s Law” Amer
Slide 10: US Residential Solar Penetration Rates
US Residential Solar Penetration Rates, Source: US EIA 2030 Fcst: 30% 94.4% of 2026 Update: 7% qualified homes do not United States have solar 10 11/13/2024
Slide 11: Solar Energy Additions: Exponential Growth
Solar Energy Additions No. 1 Exponential Growth 11
Slide 12: OhmAnalytics PV Pricing Trends – Sales Pipeline
OhmAnalytics PV Pricing Trends -— Sales Pipeline o Median price per watt (ex. financing costs, adders costs, and storage costs) in May saw a slight step up to $3.25/W, but remains in the $3.25-$3.30 range o We do expect upward pricing pressure to continue into H2-26 and 2027 as poly 232 and AD/CVD i
Slide 13: OhmAnalytics Monthly Residential Permits Issued Trends
OhmAnalytics Monthly Residential Permits Issued Trends o Unadjusted U.S. permits stepped down MoM, driven in part by -2 business days in May-26 vs. April-26. May also saw a slight downwards trend YoY, driven in part by -1 business days in May-26 vs. May-25 Ohm Permit Data Trends 40,000 130% & 35,000
Slide 14: $13.0 Million in Permanent Cost Reductions
$13.0 Million in Permanent Cost Reductions The actions to stem Q1'26 losses —a RIF, the implementation of a four-day workweek (to minimize the RIF), and structured cost-cutting — were made in May and reduced our quarterly fixed operating expenses by about $7.1 million. In Q3'26, we will further redu
Slide 15: $13.0 Million in Permanent Cost Reductions
$13.0 Million in Permanent Cost Reductions The actions to stem Q1’26 losses —a RIF, the implementation of a four-day workweek (to minimize the RIF), and structured cost-cutting — were made in May and reduced our quarterly fixed operating expenses by about $7.1 million. In Q3'26, we will further redu
Slide 16: Surinder S. Bedi, EVP, Quality, Engineering and Customer Success
Surinder S. Bedi EVP, Quality, Engineering and Customer Success EDUCATION: • MS, Industrial & Systems Engineering, Ohio University • BS, Mechanical Engineering, Bangalore University • Executive Management, Technology & Strategic Innovation, Stanford University Graduate School of Business. AWARDS: o
Slide 17: SunPower
SUNPOWER SUNPOWER
Slide 18: SunPower & REC: JDA Technology Partnership
SunPower & REC: JDA Technology Partnership To Develop and Commercialize Advanced Solar Technology Monolith, Launched in Q1'26 Monolith II Bifacial, Coming Soon • Heterojunction Technology, N Type Cell • Premium Heterojunction Bifacial Technology • Gapless Cell Layout: Robust Reliability • Superior M
Slide 19: John Bergh, CEO Cobalt Power Systems
John Bergh CEO Cobalt Power Systems Self-made man Left college to run family water well business upon father’s death Solar thermal collector engineer → PV engineer SunPower: promotion salesman through Silicon Valley Regional Sales Manager Qcells: Director Biz Dev $336 million business Bought Cobalt
Slide 20: First Monolith System: Pleasure Point, Santa Cruz
First Monolith System: Pleasure Point, Santa Cruz Monolith Arrived January 16th, Installed January 22nd Total Annual Kilowatt Hrs Maximized with Enphase IQ8X Inverters 20
Slide 21: Cobalt Completes 1.2MW Commercial Solar & Storage Project at Santa Clara University
Cobalt Power Systems Completes 1.2MW Commercial Solar & Storage Project at Santa Clara University (May 26, 2026) SUNPOWER
Slide 22: Cobalt and Wunder Power Complete Advanced Solar System at SF Waterfront Plaza
SunPower’s Cobalt Power Systems and Wunder Power Complete Advanced Solar System at San Francisco’s Waterfront Plaza (June 15, 2026) SUNPOWER
Slide 23: San Francisco Waterfront Plaza: Earthquake Tolerant System
San Francisco Waterfront Plaza: Earth Quake Tolerant System “Floats” on Tensile Concrete Roof SUNPOWER
Slide 24: SunPower Achieves High NPS Score from Starbucks
SunPower Achieves High NPS Score from Starbucks (May 29, 2026) One of 26 “Greener Stores” Program SUNPOWER
Slide 25: SunPower Completes Megawatt Millennium Solar Project
SunPower Completes Megawatt Millenium Solar Project, Receives High Customer NPS Score (July 16, 2026) SUNPOWER Nee
Slide 26: Q3'26 Outlook
Q3’26 Outlook We expect to grow Q3’26 revenue to $75+ million We expect to reduce our operating loss by 90% from ($12.5 million) in Q2’26 to less than ($1.0 million) in Q3’26 26
Slide 27: Conclusion
Conclusion Given the structural changes mandated by two consecutive tough quarters, we will recover strongly in both revenue and profit in Q3'26. Cost cutting to survive on thin margins can only go so far. With the state-of-the-art Monolith and Monolith Il panels, as well as the high tech, high marg
Slide 28: Questions
Jefferies Renewables & Questions Clean Energy Conference T.J. Rodgers, December 4, 2025 28