OpenAI's Sam Altman is funding a green-energy moonshot as AI's power demands grow to ‘insatiable' levels [Yahoo! Finance]
SunPower Corporation (SPWR)
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Source: Yahoo! Finance
OpenAI CEO Sam Altman and venture capital firm Andreessen Horowitz are two of the investors who have put $20 million into Exowatt , a green-energy startup targeting data centers, the Wall Street Journal first reported They're part of a growing list of investors, from Big Tech to private equity , who are collectively pouring tens of billions into energy and data infrastructure to support future AI development. But alongside bets on massive data centers and computing hardware , Altman and other CEOs are putting money toward unproven, moonshot energy startups that promise to deliver unlimited power for next to nothing. Exowatt is a tiny, little-known startup that promises to supply AI companies with modular solar systems providing nearly-free energy. Renewable energy is an attractive investment for many AI companies because it presents a cheaper long-term alternative to existing energy sources, and because some renewable projects can connect to data centers directly without needing
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News
- SunPower Stock Is Down 55% This Year. Is It a Buy? [Yahoo! Finance]Yahoo! Finance
- SunPower Co. (NASDAQ: SPWR) had its price target lowered by analysts at Scotiabank from $6.00 to $4.00. They now have a "sector perform" rating on the stock.MarketBeat
- Enphase Energy and SunPower: Solar stocks sliding [Yahoo! Finance]Yahoo! Finance
- It's a cloudy day for SunPower. [Verge, The]Verge, The
- SunPower to Cut Almost One-Third of Workforce [BNN Bloomberg (Canada)]BNN Bloomberg
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form 8-K
- 3/27/24 - Form 144
- SPWR's page on the SEC website