SunPower pitches venture funding round, sees 4x-11x SPWR upside

SunPower circulated a venture funding presentation outlining a turnaround plan that targets a 4x to 11x SPWR share-price upside.

• T.J. Rodgers is listed as CEO and executive chairman, with $111.3 million invested, 32.7 million shares held, and debt equal to 26.5 million shares.
• The slide deck compares SunPower’s valuation to Enphase’s 2017 setup, citing a similar price-to-sales ratio near 0.20.
• The turnaround framework projects breakeven within three quarters, supported by $13 million in permanent cost reductions and headcount cuts.
• Model outputs include upside cases of 8.3x, 7.6x, 4x, and 11.4x based on peer precedent, prior highs, and valuation multiples.