Complete Solaria Inc. Stock Price, News & Analysis

On November 2, 2022, SunPower Corp. (SPWR) announced a collaboration with KB Home (KBH), University of California, Irvine, Schneider Electric, and Southern California Edison to develop energy-smart connected communities in Menifee, California. This project involves over 200 all-electric homes featuring solar power and battery storage systems, creating self-supporting microgrids. Funded by a $6.65 million Department of Energy grant, these homes aim to reduce energy costs and greenhouse gas emissions by meeting Zero Energy Ready Home standards, thus providing a model for sustainable home development.

TotalEnergies reported a strong financial performance with an IFRS net income of $6.6 billion for Q3 2022, a 43% increase year-over-year, driven primarily by its LNG business. The company’s adjusted net income reached $9.9 billion, with a remarkable 98% increase in adjusted EBITDA at $19.4 billion. Cash flow from operations climbed to $17.8 billion, strengthening its balance sheet with a low net-debt-to-capital ratio of 4%. TotalEnergies announced a special interim dividend of €1 per share and a third interim dividend of €0.69, reflecting its commitment to share value and consistent growth.

SunPower Corp. (NASDAQ: SPWR) announced that its SunVault™ battery storage system won Good Housekeeping's 2022 Home Renovation Awards in the Biggest Energy Savers category. The SunVault system enhances energy management by storing excess solar energy for later use and provides seamless backup power during outages for up to three days. With an industry-leading 10-year warranty and smart software controls, the SunVault offers homeowners resilience against blackouts and potential cost savings. The recognition underlines SunPower's commitment to sustainable energy solutions.

SunPower Corp. (NASDAQ: SPWR) and General Motors (NYSE: GM) have announced a collaboration to develop a home energy system compatible with GM's EVs, starting with the 2024 Chevrolet Silverado EV retail launch expected in Fall 2023. SunPower will be GM's exclusive solar provider and preferred EV charger installer. This partnership aims to enable bi-directional charging, allowing EVs to supply backup energy to homes. Customers will be able to install home energy systems alongside their EV chargers, potentially saving on electricity bills through solar energy usage.

SunPower Corp. (NASDAQ:SPWR) has appointed Eileen Evans as its new Chief Legal Officer. With over 25 years of experience in legal and technology sectors, Evans previously held positions at Redaptive, Micro Focus International, Hewlett Packard, and Oracle. CEO Peter Faricy noted her extensive background will support SunPower's growth during this pivotal time. Evans expressed her enthusiasm for addressing climate change through her new role. SunPower continues to lead in solar technology and energy services in North America, offering solutions for electricity control and cost savings.

SunPower (NASDAQ: SPWR) announced progress on its 25X25 commitments aimed at enhancing diversity and economic access in solar energy. The company has formed alliances with McKinsey & Company and GRID Alternatives to improve job opportunities for women in the sector. SunPower aims for a 40% female workforce by 2025, investing $100,000 to support women's solar training. Additionally, the company targets a 25% increase in partnerships with minority and women-owned businesses. Such initiatives are part of SunPower's broader goal to create equitable access to solar and energy storage solutions.

SunPower (NASDAQ:SPWR) has announced the launch of two new battery configurations for its SunVault energy storage product: 19.5 kWh and 39 kWh, enhancing its modular and scalable offerings. These new versions allow homeowners to store more energy in less space and come with improved design features for easier installation. With the launch, SunVault now offers five configurations, enabling comprehensive home power solutions during outages. Homeowners may also benefit from a 30% tax credit on battery technology purchases starting in 2023 due to the Inflation Reduction Act.

SunPower (NASDAQ:SPWR) has announced minority investments in EmPower Solar and Renova Energy, expanding its Dealer Accelerator Program aimed at boosting solar dealer growth. This program, launched in March 2022, provides crucial capital financing and strategic support to high-potential dealers. Demand for solar energy is surging, fueled by federal incentives and rising consumer interest. Renova, recognized for its sales performance, and EmPower, a key player in New York, will now exclusively offer SunPower’s solar solutions.

SunPower Corp. (SPWR) will announce its third quarter 2022 financial results on November 8, 2022, at 8:05 a.m. ET, followed by a conference call at 8:30 a.m. ET. Investors can register for the live call and access supplemental financial information via their investor website. The company, a leader in solar and energy services in North America, provides unique solar + storage solutions to enhance electricity consumption control and resilience during outages. More details are available on their investor site.