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SCHEDULE 13G
Amendment No. 0
SunPower Corporation
Class A Common Stock
Cusip #867652109
Cusip #867652109
Item 1: Reporting Person - FMR LLC
Item 4: Delaware
Item 5: 251,476
Item 6: 0
Item 7: 6,705,684
Item 8: 0
Item 9: 6,705,684
Item 11: 12.141%
Item 12: HC
Cusip #867652109
Item 1: Reporting Person - Edward C. Johnson 3d
Item 4: United States of America
Item 5: 0
Item 6: 0
Item 7: 6,705,684
Item 8: 0
Item 9: 6,705,684
Item 11: 12.141%
Item 12: IN
SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
SunPower Corporation
Item 1(b). Name of Issuer's Principal Executive Offices:
3939 North First Street
San Jose, CA 95134
Item 2(a). Name of Person Filing:
FMR LLC
Item 2(b). Address or Principal Business Office or, if None,
Residence:
82 Devonshire Street, Boston,
Massachusetts 02109
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
Class A Common Stock
Item 2(e). CUSIP Number:
867652109
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b)
and the person filing, FMR LLC, is a parent holding company
in accordance with Section 240.13d-1(b)(ii)(G). (Note: See
Item 7).
Item 4. Ownership
(a) Amount Beneficially Owned: 6,705,684
(b) Percent of Class: 12.141%
(c) Number of shares as to which such
person has:
(i) sole power to vote or to direct
the vote: 251,476
(ii) shared power to vote or to
direct the vote: 0
(iii) sole power to dispose or to
direct the disposition of: 6,705,684
(iv) shared power to dispose or to
direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Various persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the
sale of, the Class A Common Stock of SunPower Corporation.
The interest of one person, Magellan Fund, an investment
company registered under the Investment Company Act of
1940, in the Class A Common Stock of SunPower
Corporation, amounted to 3,174,871 shares or 5.748% of the
total outstanding Class A Common Stock at April 30, 2009.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company.
See attached Exhibit A.
Item 8. Identification and Classification of Members of
the Group.
Not applicable. See attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any
transaction having such purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
May 08, 2009
Date
/s/ Scott C. Goebel
Signature
Scott C. Goebel
Duly authorized under Power of Attorney
effective as of June 1, 2008 by and on behalf of FMR LLC
and its direct and indirect subsidiaries
SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Pursuant to the instructions in Item 7 of Schedule 13G,
Fidelity Management & Research Company ("Fidelity"), 82
Devonshire Street, Boston, Massachusetts 02109, a wholly-
owned subsidiary of FMR LLC and an investment adviser
registered under Section 203 of the Investment Advisers Act
of 1940, is the beneficial owner of 6,450,093 shares or
11.678% of the Class A Common Stock outstanding of
SunPower Corporation ("the Company") as a result of acting
as investment adviser to various investment companies
registered under Section 8 of the Investment Company Act of
1940. The number of shares of Class A Common Stock of
SunPower Corporation owned by the investment companies at
April 30, 2009 included 263,877 shares of Class A Common
Stock resulting from the assumed conversion of $14,975,000
principal amount of SUNPOWER C0RP CV 1.25% 2/15/27
(17.6211 shares of Class A Common Stock for each $1,000
principal amount of debenture). The number of shares of Class
A Common Stock of SunPower Corporation owned by the
investment companies at April 30, 2009 included 71,135
shares of Class A Common Stock resulting from the assumed
conversion of $5,850,000 principal amount of SUNPOWER
CORP CV 0.75% 8/01/27 (12.1599 shares of Class A
Common Stock for each $1,000 principal amount of
debenture). The number of shares of Class A Common Stock
of SunPower Corporation owned by the investment companies
at April 30, 2009 included 1,818,181 shares of Class A
Common Stock resulting from the assumed conversion of
$48,000,000 principal amount of SUNPOWER CORP CV
4.75% 4/15/14 (37.8788 shares of Class A Common Stock for
each $1,000 principal amount of debenture).
The ownership of one investment company, Magellan
Fund, amounted to 3,174,871 shares or 5.748% of the Class A
Common Stock outstanding. Magellan Fund has its principal
business office at 82 Devonshire Street, Boston,
Massachusetts 02109.
Edward C. Johnson 3d and FMR LLC, through its
control of Fidelity, and the funds each has sole power to
dispose of the 6,450,093 shares owned by the Funds.
Members of the family of Edward C. Johnson 3d,
Chairman of FMR LLC, are the predominant owners, directly
or through trusts, of Series B voting common shares of FMR
LLC, representing 49% of the voting power of FMR LLC.
The Johnson family group and all other Series B shareholders
have entered into a shareholders' voting agreement under
which all Series B voting common shares will be voted in
accordance with the majority vote of Series B voting common
shares. Accordingly, through their ownership of voting
common shares and the execution of the shareholders' voting
agreement, members of the Johnson family may be deemed,
under the Investment Company Act of 1940, to form a
controlling group with respect to FMR LLC.
Neither FMR LLC nor Edward C. Johnson 3d,
Chairman of FMR LLC, has the sole power to vote or direct
the voting of the shares owned directly by the Fidelity Funds,
which power resides with the Funds' Boards of Trustees.
Fidelity carries out the voting of the shares under written
guidelines established by the Funds' Boards of Trustees.
Pyramis Global Advisors, LLC ("PGALLC"), 900
Salem Street, Smithfield, Rhode Island, 02917, an indirect
wholly-owned subsidiary of FMR LLC and an investment
adviser registered under Section 203 of the Investment
Advisers Act of 1940, is the beneficial owner of 242,103
shares or 0.438% of the outstanding Class A Common Stock
of SunPower Corporation as a result of its serving as
investment adviser to institutional accounts, non-U.S. mutual
funds, or investment companies registered under Section 8 of
the Investment Company Act of 1940 owning such shares.
The number of shares of Class A Common Stock of SunPower
Corporation owned by the institutional account(s) at April 30,
2009 included 4,829 shares of Class A Common Stock
resulting from the assumed conversion of $274,000 principal
amount of SUNPOWER C0RP CV 1.25% 2/15/27 (17.6211
shares of Class A Common Stock for each $1,000 principal
amount of debenture). The number of shares of Class A
Common Stock of SunPower Corporation owned by the
institutional account(s) at April 30, 2009 included 19,893
shares of Class A Common Stock resulting from the assumed
conversion of $1,636,000 principal amount of SUNPOWER
CORP CV 0.75% 8/01/27 (12.1599 shares of Class A
Common Stock for each $1,000 principal amount of
debenture). The number of shares of Class A Common Stock
of SunPower Corporation owned by the institutional
account(s) at April 30, 2009 included 68,561 shares of Class A
Common Stock resulting from the assumed conversion of
$1,810,000 principal amount of SUNPOWER CORP CV
4.75% 4/15/14 (37.8788 shares of Class A Common Stock for
each $1,000 principal amount of debenture).
Edward C. Johnson 3d and FMR LLC, through its
control of PGALLC, each has sole dispositive power over
242,103 shares and sole power to vote or to direct the voting
of 242,103 shares of Class A Common Stock owned by the
institutional accounts or funds advised by PGALLC as
reported above.
Pyramis Global Advisors Trust Company ("PGATC"),
900 Salem Street, Smithfield, Rhode Island, 02917, an indirect
wholly-owned subsidiary of FMR LLC and a bank as defined
in Section 3(a)(6) of the Securities Exchange Act of 1934, is
the beneficial owner of 13,488 shares or 0.024% of the
outstanding Class A Common Stock of the SunPower
Corporation as a result of its serving as investment manager of
institutional accounts owning such shares. The number of
shares of Class A Common Stock of SunPower Corporation
owned by the institutional account(s) at April 30, 2009
included 2,643 shares of Class A Common Stock resulting
from the assumed conversion of $150,000 principal amount of
SUNPOWER C0RP CV 1.25% 2/15/27 (17.6211 shares of
Class A Common Stock for each $1,000 principal amount of
debenture). The number of shares of Class A Common Stock
of SunPower Corporation owned by the institutional
account(s) at April 30, 2009 included 3,648 shares of Class A
Common Stock resulting from the assumed conversion of
$300,000 principal amount of SUNPOWER CORP CV 0.75%
8/01/27 (12.1599 shares of Class A Common Stock for each
$1,000 principal amount of debenture). The number of shares
of Class A Common Stock of SunPower Corporation owned
by the institutional account(s) at April 30, 2009 included 7,197
shares of Class A Common Stock resulting from the assumed
conversion of $190,000 principal amount of SUNPOWER
CORP CV 4.75% 4/15/14 (37.8788 shares of Class A
Common Stock for each $1,000 principal amount of
debenture).
Edward C. Johnson 3d and FMR LLC, through its
control of Pyramis Global Advisors Trust Company, each has
sole dispositive power over 13,488 shares and sole power to
vote or to direct the voting of 9,373 shares of Class A
Common Stock owned by the institutional accounts managed
by PGATC as reported above.
SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
RULE 13d-1(f)(1) AGREEMENT
The undersigned persons, on May 08, 2009, agree and
consent to the joint filing on their behalf of this Schedule 13G
in connection with their beneficial ownership of the Class A
Common Stock of SunPower Corporation at April 30, 2009.
FMR LLC
By /s/ Scott C. Goebel
Scott C. Goebel
Duly authorized under Power of Attorney effective as
of June 1, 2008, by and on behalf of FMR LLC and its direct
and indirect subsidiaries
Edward C. Johnson 3d
By /s/ Scott C. Goebel
Scott C. Goebel
Duly authorized under Power of Attorney effective as
of June 1, 2008, by and on behalf of Edward C. Johnson 3d
Fidelity Management & Research Company
By /s/ Scott C. Goebel
Scott C. Goebel
Senior V.P. and General Counsel
Magellan Fund
By /s/ Scott C. Goebel
Scott C. Goebel
Secretary