Complete Solaria Inc. Stock Price, News & Analysis

SunPower (NASDAQ: SPWR) reported Q2'25 financial results with revenue of $67.5 million, down from $82.7 million in Q1'25. Despite the revenue decline, the company achieved a non-GAAP operating profit of $2.4 million, supported by successful cost-cutting initiatives that reduced operating expenses by $4.6 million to $17.3 million.

The company's gross margin improved to 43% from 39% in Q1'25 through focusing on more profitable market segments. CEO T.J. Rodgers attributed the revenue decline to the ITC tax subsidy reduction impact, but noted that current bookings indicate Q2'25 will mark the end of the revenue freeze. For Q3'25, SunPower forecasts revenue of approximately $70 million and operating profit of about $3.0 million.

Key management changes include the departure of CFO Dan Foley and CLO Chais Sweat, with Jeanne Nguyen stepping in as interim CFO and Nicolas Wenker joining as the new CLO. The company also joined the Russell 3000 and Russell Microcap Indices and established a new low-cost finance center in Chennai, India.

SunPower (NASDAQ: SPWR) has scheduled its Q2 2025 earnings release for July 22, 2025, before market open, followed by a webcast at 10am PT / 1pm ET hosted by CEO T.J. Rodgers.

CEO Rodgers highlighted that Q2'25 will mark the company's second consecutive quarter of operating profit following a four-year profit drought. He also noted SunPower's recent inclusion in the Russell 3000 and Russell Microcap indices. The CEO expressed concerns about MarketWatch's reporting, which he claims contains outdated bankruptcy references while omitting recent profitable quarters.

SunPower (Nasdaq: SPWR), a leading U.S. solar technology and installation company, has been added to the Russell 3000 and Russell Microcap Indices effective June 30, 2025. These widely-used indices serve as benchmarks for investment managers and institutional investors, with approximately $8.5 trillion benchmarked and $2 trillion passively tracking them.

The company reported achieving operating profitability in Q1 2025, its first profitable quarter in four years under new management. SunPower expects to announce a second consecutive quarter of profitability for Q2 2025 during their upcoming earnings call on July 22.

CEO T.J. Rodgers addressed concerns about negative market coverage, clarifying that many reports confuse the current company with the old SunPower. He expressed optimism about the company's ability to grow profitably in the U.S. residential solar market, even with the elimination of the Investment Tax Credit (ITC).

T.J. Rodgers, Chairman and CEO of SunPower (SPWR), issued a statement regarding the potential elimination of the 30% solar Investment Tax Credit (ITC). Rodgers argues that removing government subsidies would benefit the solar industry, drawing from his experience in the semiconductor sector. After SunPower's 2024 bankruptcy, Complete Solar (CSLR) acquired key assets for $45M and hired 1,000 employees. The new SunPower achieved profitability in Q1'25 with $1.3M operating profit on $80M revenue. Analysis shows the company can remain profitable even if quarterly revenue drops to $74.3M post-ITC removal. The company projects solar market prices may rise from $3.30/W to $3.88/W (17.6% increase), potentially reducing market volume by 7.2%. Despite operational improvements, SunPower's stock trades at 0.5x sales, below industry average, partly due to its "going concern" status.

SunPower (SPWR) held its Annual Meeting where all 12 company proposals passed with over 95% approval, including board member re-elections, BDO auditor appointment, and employee stock plan approval. CEO T.J. Rodgers expressed gratitude for shareholder support, highlighting the company's transformation through SPWR asset acquisition which increased workforce 10x and revenue 14.7x. Addressing ITC phase-out concerns, Rodgers assured investors that 2025 revenue would remain above the $72 million breakeven point, maintaining profitability. The company plans a deeper ITC impact presentation during the upcoming Business Update Call scheduled for June 5th, 2025, at 10am PT.

SunPower (SPWR) CEO T.J. Rodgers has issued an open letter to shareholders regarding the upcoming annual meeting on May 29, 2025. The company is seeking approval for three proposals, with the most critical being an amendment to the 2023 Equity Incentive Plan to add 21.6 million shares (27% of current shares) for employee compensation.

The expansion is necessary to fulfill stock options promised to 841 former SunPower employees following Complete Solar's reverse acquisition, which grew the company from 65 to 906 employees. This acquisition has proven successful, increasing quarterly revenue from $4.5 million in Q2'24 to $80.2 million in Q1'25, marking SunPower's first profit in over four years.

The new shares will be distributed as RSUs vesting over five years, and will also cover director compensation and potential future acquisitions.

SunPower (CSLR) received a deficiency notice from Nasdaq on April 28, 2025, for failing to file its 2024 Form 10-K annual report by the original deadline of April 14, 2025. The company subsequently filed the report on April 30, 2025, addressing the compliance issue. CEO T.J. Rodgers explained that the delay was due to extended audit procedures, requiring 14,000 hours of auditing time compared to the typical 6,500 hours needed for more mature companies. The company emphasized that there are no penalties for the delay and no impact on shareholders.

SunPower reported its Q1 2025 financial results, marking its first profitable quarter in four years with revenue of $80.2 million and an operating profit of $1.3 million. This milestone comes after the company's rebranding from Complete Solaria on April 21, 2025, following the SunPower asset purchase in September 2024.

Key achievements include:

• Successful headcount reduction from 3,499 to 906 employees
• Cash balance increase to $14.0 million from $13.3 million in Q4 2024
• Strategic partnership with Sunder for growth expansion
• Board strengthening with three new public-company ex-CEO directors

The company maintains a positive outlook, forecasting steady revenue and continued profitability for the next quarter. With an annualized revenue of $300 million-plus, SunPower has positioned itself for sustainable growth in the solar technology and installation sector.

Complete Solaria (NASDAQ: CSLR) has announced its rebranding as SunPower, with a ticker symbol change from 'CSLR' and 'CSLRW' to 'SPWR' and 'SPWRW' effective April 22, 2025. The strategic brand repositioning brings together the companies under the SunPower name, which has a 40-year legacy in solar innovation.

Chairman and CEO T.J. Rodgers introduced the company's new Helios logo, highlighting SunPower's historical achievement with NASA's Helios solar-powered aircraft. The aircraft, powered exclusively by SunPower solar cells, set an unbroken altitude record of 96,863 feet in 2001.

The company will present its audited FY2024 results and unaudited Q1'25 results on April 30, 2025.