Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SAC CAPITAL ADVISORS LLC
  2. Issuer Name and Ticker or Trading Symbol
SUNPOWER CORP [SPWR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
72 CUMMINGS POINT ROAD, 
3. Date of Earliest Transaction (Month/Day/Year)
01/26/2006
(Street)

STAMFORD, CT 06902
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock, par value $0.001 per share 01/26/2006   P   5,310 A $ 33.7 397,800 I (1) See Footnote (2)
Class A Common Stock, par value $0.001 per share (3) 01/26/2006   P   3,080 A $ 33.9 400,880 I (1) See Footnote (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Call (right to buy) $ 45 01/26/2006   P   49   01/26/2006 03/18/2006 Class A Common Stock, par value $0.001 per share 4,900 $ 0.5 504,900 I See Footnote (2)
Call (right to buy) $ 45 01/26/2006   P   86   01/26/2006 03/18/2006 Class A Common Stock, par value $0.001 per share 8,600 $ 0.55 513,500 I See Footnote (2)
Call (right to buy) $ 45 01/26/2006   P   56   01/26/2006 03/18/2006 Class A Common Stock, par value $0.001 per share 5,600 $ 0.55 519,100 I See Footnote (2)
Call (right to buy) $ 45 01/26/2006   P   1,500   01/26/2006 02/18/2006 Class A Common Stock, par value $0.001 per share 150,000 $ 0.26 669,100 I See Footnote (2)
Call (right to buy) $ 45 02/02/2006   S     1,500 02/02/2006 02/18/2006 Class A Common Stock, par value $0.001 per share 150,000 $ 0.15 519,100 I See Footnote (2)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SAC CAPITAL ADVISORS LLC
72 CUMMINGS POINT ROAD
STAMFORD, CT 06902
    X    
S A C CAPITAL MANAGEMENT L L C
C/O 72 CUMMINGS POINT ROAD
STAMFORD, CT 06902
    X    
COHEN STEVEN A/SAC CAPITAL MGMT LP
C/O SAC CAPITAL ADVISORS LLC
72 CUMMINGS POINT ROAD
STAMFORD, CT 06902
    X    

Signatures

 Peter Nussbaum, as Authorized Person on behalf of the above:   02/03/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) S.A.C. Capital Associates, LLC ("Associates"), C.R. Intrinsic Investments, LLC ("Intrinsic"), S.A.C. MultiQuant Fund, LLC ("MultiQuant") and S.A.C. Select Fund, LLC ("Select"), each an Anguillan limited liability company, directly each own Class A Common Stock of the Issuer. At 11: 56 a.m., Eastern Standard Time, on January 26, 2006, each Reporting Person had indirect beneficial ownership of 892,490 shares of Class A Common Stock of the Issuer. For purposes of this filing, the Reporting Persons have calculated the aggregate number of outstanding shares of the Issuer's Class A Common Stock as 8,906,652, based on the Form 8-K, dated January 26, 2005, which reported 8,830,000 then outstanding shares, and the prospectus of the Issuer, dated November 16, 2005, which reported an additional 76,652 shares outstanding.
(2) See Footnote (2) under "Remarks".
(3) Please see Exhibit 99 for a continuation of this table
 
Remarks:
Exhibit List

Exhibit 99 -  Table I (cont'd) - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

Footnote (2) The securities to which this report relates are held by Associates, Intrinsic, MultiQuant and Select.  S.A.C.
Capital Advisors, LLC ("Advisors") and S.A.C. Capital Management, LLC ("Management") are investment
managers to Associates, Intrinsic, MultiQuant and Select.  Pursuant to investment agreements, each of Advisors and
Management share all investment and voting power with respect to the securities held by Associates, Intrinsic, MultiQuant
and Select.  Steven A. Cohen controls each of Advisors and Management.  In accordance with Instruction 5(b)(iv), the
entire amount of the Issuer's securities held by Associates, Intrinsic, MultiQuant and Select is reported herein. Each
Reporting Person disclaims any beneficial ownership of any of the Issuer's securities to which this report relates for
purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of its indirect pecuniary
interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of
such securities for purposes of Section 16 or for any other purposes.

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