SunPower CEO seeks to ease solar sales process for consumers

• "Until we make getting solar as simple as buying a book on Amazon, we're not going to stop," new SunPower (SPWR +2.3%) CEO Peter Faricy, who spent 13 years in sales at Amazon, tells Bloomberg.
• Faricy joined SunPower last month and believes the solar business is ripe for digital innovation, saying the industry's sales process reminds him of home-buying in the 1970s with lots of manual steps and not knowing when the project will be completed.
• SunPower says it deployed 77 MW of residential solar in Q1, up from 70 MW in the same period last year.
• On today's earnings conference call, Faricy said SunPower would benefit from several policies proposed by the Biden administration's infrastructure plan, including a 10-year extension on solar tax credits, a tax credit for energy storage and a goal to run federal facilities on renewable power.
• The company maintained guidance for 35% revenue growth in FY 2021 and a 40% increase in adjusted EBITDA in FY 2022.