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SunPower Corporation (SPWR) delivers innovative solar and energy storage solutions for residential and commercial markets, driving the transition to sustainable energy. This page aggregates all official announcements, financial updates, and strategic developments from the company.
Investors and industry observers will find timely updates on earnings reports, new product launches, and regulatory developments. Track SunPower's progress in photovoltaic innovation, partnerships with energy providers, and expansion into emerging markets.
Key content includes quarterly financial disclosures, leadership updates, technology advancements, and project milestones. The curated collection enables efficient tracking of operational performance and market positioning within the renewable energy sector.
Bookmark this page for streamlined access to verified SunPower communications. Combine regular visits with portfolio monitoring tools for comprehensive market analysis.
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.
SolarEdge Technologies (SEDG) has announced two new appointments to its Board of Directors, effective January 6, 2025. Yoram Tietz, a Senior Advisor to General Atlantic and former Managing Partner of EY Israel, will chair the Board's Audit Committee. Gilad Almogy, Founder and CEO of Ultima Genomics, will join the Board's Technology Committee.
Tietz brings extensive experience from his 27-year tenure at Ernst & Young, including 15+ years as Managing Partner of EY Israel and leadership of its High-Tech Cluster. Almogy, founder of Ultima Genomics and previously Cogenra Solar, brings significant technological expertise with over 80 US Patents and past leadership roles at Applied Materials, where he managed a $1 billion+ revenue business.
Wolfspeed (NYSE: WOLF) announced a leadership transition as President and CEO Gregg Lowe will depart this month. Board Chairman Thomas Werner has been appointed as Executive Chairman while the company conducts a search for a permanent CEO. Under Lowe's leadership since 2017, Wolfspeed transformed into a pure-play silicon carbide company. Werner will oversee day-to-day operations, focusing on executing CHIPS PMT agreement milestones, completing restructuring initiatives to lower break-even point, accelerating profitability path, and delivering consistent sales growth. Board member Stacy Smith was appointed as Lead Independent Director.
SunPower Corp. (SPWR), a leading residential solar technology and energy services provider, has received a delisting notice from Nasdaq. The delisting is due to SunPower's failure to comply with Nasdaq Listing Rules following the company's Chapter 11 bankruptcy filing and failure to file periodic financial reports. Trading of SunPower's common stock on Nasdaq will be suspended on August 16, 2024. The company's shares are expected to transition to the Pink Open Market (pink sheets) operated by OTC Markets Group, Inc.
Tortoise Capital has announced the removal of SunPower Corp (NASDAQ:SPWR) from the Tortoise Decarbonization Infrastructure Index (DCRBN) due to SPWR's bankruptcy and asset purchase agreement with Complete Solaria, Inc. The removal will take effect at market open on August 9, 2024. No special rebalancing is required for DCRBN; SPWR's weight will be distributed pro rata among the remaining index constituents. This corporate action reflects significant changes in the solar energy sector and may impact the composition and performance of the DCRBN index.
SolarWinds Corp. (NYSE: SWI) is set to replace SunPower Corp. (NASD: SPWR) in the S&P SmallCap 600 index, effective prior to the opening of trading on Friday, August 9, 2024. This change comes as a result of SunPower filing for Chapter 11 bankruptcy, making it ineligible for continued inclusion in the index.
The transition will see SolarWinds, classified under the Information Technology sector, added to the S&P SmallCap 600, while SunPower, previously listed under the Industrials sector, will be removed. This adjustment reflects the dynamic nature of the financial markets and the ongoing evaluation of companies' eligibility for inclusion in major indices.
SunPower Corp. (NASDAQ:SPWR) has entered into an asset purchase agreement with Complete Solaria, Inc. (NASDAQ:CSLR) to sell its Blue Raven Solar business, New Homes business, and non-installing Dealer network for $45 million in cash. Concurrently, SunPower filed for Chapter 11 bankruptcy protection to facilitate the sale and explore options for its remaining assets. The company expects to complete the transaction by mid to late September, subject to court approval.
SunPower plans to continue operations during the bankruptcy process and has requested court approval to access prepetition cash collateral. The company aims to liquidate remaining assets and undergo an orderly winddown of operations following the sale process.
SunPower (NASDAQ:SPWR) announced it has drawn $50 million from the second tranche of a $175 million second lien term loan from Sol Holding, This drawdown was initially announced in February 2024. Sol Holding, owned by affiliates of TotalEnergies SE and Global Infrastructure Partners, is the majority shareholder of SunPower.
Tom Werner, Principal Executive Officer at SunPower, emphasized the support from majority shareholders and SunPower's commitment to maintaining financial stability. In addition to securing this funding, SunPower has been working on reducing overall costs and increasing variable costs proportionate to volume changes to ensure consistent positive free cash flow.
As part of the loan drawdown, SunPower will issue warrants to Sol Holding for the purchase of approximately 33.4 million shares at $0.01 per share. The company is also finalizing its restated 2022 10-K, 2023 10-K, and Q1 2024 10-Q filings.
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