SunPower Joins the Russell 3000 & Russell Microcap Indices
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).
SunPower (Nasdaq: SPWR), un'importante azienda statunitense nel settore della tecnologia solare e installazione, è stata inclusa negli indici Russell 3000 e Russell Microcap a partire dal 30 giugno 2025. Questi indici, ampiamente utilizzati, rappresentano un punto di riferimento per gestori di investimenti e investitori istituzionali, con circa 8,5 trilioni di dollari benchmarkati e 2 trilioni di dollari che li seguono passivamente.
L'azienda ha comunicato di aver raggiunto la redditività operativa nel primo trimestre del 2025, il primo trimestre in utile dopo quattro anni sotto la nuova gestione. SunPower prevede di annunciare un secondo trimestre consecutivo di profitti per il secondo trimestre del 2025 durante la prossima conference call sugli utili, prevista per il 22 luglio.
Il CEO T.J. Rodgers ha affrontato le preoccupazioni riguardo alla copertura negativa del mercato, chiarendo che molti report confondono l'attuale azienda con la vecchia SunPower. Ha espresso ottimismo sulla capacità dell'azienda di crescere in modo redditizio nel mercato solare residenziale statunitense, anche con l'eliminazione del Credito d'Imposta per gli Investimenti (ITC).
SunPower (Nasdaq: SPWR), una empresa líder en tecnología solar e instalación en EE. UU., ha sido incluida en los índices Russell 3000 y Russell Microcap con efecto desde el 30 de junio de 2025. Estos índices, ampliamente utilizados, sirven como referencia para gestores de inversiones e inversores institucionales, con aproximadamente 8.5 billones de dólares en referencia y 2 billones de dólares siguiendo pasivamente estos índices.
La compañía informó haber alcanzado la rentabilidad operativa en el primer trimestre de 2025, su primer trimestre rentable en cuatro años bajo la nueva dirección. SunPower espera anunciar un segundo trimestre consecutivo de rentabilidad para el segundo trimestre de 2025 durante su próxima llamada de resultados el 22 de julio.
El CEO T.J. Rodgers abordó las preocupaciones sobre la cobertura negativa del mercado, aclarando que muchos informes confunden la empresa actual con la antigua SunPower. Expresó optimismo sobre la capacidad de la empresa para crecer de manera rentable en el mercado solar residencial de EE. UU., incluso con la eliminación del Crédito Fiscal por Inversión (ITC).
SunPower (나스닥: SPWR)는 미국의 선도적인 태양광 기술 및 설치 회사로서, 2025년 6월 30일부터 러셀 3000 및 러셀 마이크로캡 지수에 편입되었습니다. 이 널리 사용되는 지수들은 투자 관리자와 기관 투자자들의 벤치마크 역할을 하며, 약 8.5조 달러가 벤치마크되어 있고 2조 달러가 수동적으로 추적되고 있습니다.
회사는 2025년 1분기에 영업이익을 달성했다고 보고했으며, 이는 새로운 경영진 하에서 4년 만에 첫 흑자 분기입니다. SunPower는 7월 22일 예정된 실적 발표 컨퍼런스 콜에서 2025년 2분기에도 연속 두 번째 흑자 분기를 발표할 것으로 기대하고 있습니다.
CEO T.J. Rodgers는 부정적인 시장 보도에 대한 우려를 언급하며, 많은 보도들이 현재 회사를 이전 SunPower와 혼동하고 있다고 설명했습니다. 그는 투자세액공제(ITC) 폐지에도 불구하고 미국 주택용 태양광 시장에서 회사가 수익성 있게 성장할 수 있을 것이라는 낙관적인 전망을 밝혔습니다.
SunPower (Nasdaq : SPWR), une entreprise américaine leader dans la technologie solaire et l'installation, a été ajoutée aux indices Russell 3000 et Russell Microcap à compter du 30 juin 2025. Ces indices largement utilisés servent de référence pour les gestionnaires d'investissements et les investisseurs institutionnels, avec environ 8,5 billions de dollars en actifs de référence et 2 billions de dollars en suivi passif.
L'entreprise a annoncé avoir atteint la rentabilité opérationnelle au premier trimestre 2025, son premier trimestre bénéficiaire en quatre ans sous la nouvelle direction. SunPower prévoit d'annoncer un deuxième trimestre consécutif de rentabilité pour le deuxième trimestre 2025 lors de sa prochaine conférence téléphonique sur les résultats le 22 juillet.
Le PDG T.J. Rodgers a répondu aux préoccupations concernant une couverture négative du marché, précisant que de nombreux rapports confondent la société actuelle avec l'ancienne SunPower. Il s'est montré optimiste quant à la capacité de l'entreprise à croître de manière rentable sur le marché solaire résidentiel américain, même avec la suppression du Crédit d'Impôt à l'Investissement (ITC).
SunPower (Nasdaq: SPWR), ein führendes US-Unternehmen für Solartechnologie und Installation, wurde mit Wirkung zum 30. Juni 2025 in die Russell 3000 und Russell Microcap Indizes aufgenommen. Diese weit verbreiteten Indizes dienen als Benchmarks für Investmentmanager und institutionelle Anleger, mit etwa 8,5 Billionen US-Dollar Benchmark-Vermögen und 2 Billionen US-Dollar, die passiv diesen Indizes folgen.
Das Unternehmen meldete operativen Gewinn im ersten Quartal 2025, das erste profitable Quartal seit vier Jahren unter neuer Leitung. SunPower erwartet, während der bevorstehenden Gewinnkonferenz am 22. Juli ein zweites aufeinanderfolgendes profitables Quartal für das zweite Quartal 2025 bekannt zu geben.
CEO T.J. Rodgers ging auf Bedenken hinsichtlich negativer Marktberichterstattung ein und stellte klar, dass viele Berichte das aktuelle Unternehmen mit dem alten SunPower verwechseln. Er zeigte sich optimistisch hinsichtlich der Fähigkeit des Unternehmens, im US-amerikanischen Wohnsolar-Markt auch ohne den Investment Tax Credit (ITC) profitabel zu wachsen.
- First operating profit in Q1 2025 after four years of losses
- Expected second consecutive profitable quarter in Q2 2025
- Addition to Russell 3000 and Russell Microcap Indices, increasing visibility to institutional investors
- Management confidence in profitable growth despite ITC elimination
- Ongoing issues with market confusion and negative coverage regarding company identity
- Structural uncertainties in U.S. residential solar industry
- Elimination of Investment Tax Credit (ITC) affecting the solar market
Insights
SunPower's Russell indices inclusion increases visibility to institutional investors while the company reports renewed profitability after years of losses.
SunPower's addition to the Russell 3000 and Russell Microcap Indices represents a significant milestone that will substantially increase the company's visibility among institutional investors. With approximately
The timing is particularly notable as it coincides with the company's financial turnaround. SunPower achieved an operating profit in Q1 2025 for the first time in four years, just six months after the current management team took control. Management has pre-announced a second consecutive profitable quarter for Q2 2025, suggesting the turnaround isn't a one-time event but potentially the beginning of sustainable profitability.
CEO T.J. Rodgers' comments regarding the elimination of the Investment Tax Credit (ITC) are particularly interesting. While most solar companies view this as a negative development, Rodgers positions it as a competitive advantage, suggesting SunPower has restructured to operate profitably without government incentives. This positions the company to potentially outperform competitors who remain dependent on subsidies.
The press release also highlights ongoing challenges with market perception, with management claiming factually incorrect negative reporting about the company. This suggests ongoing market education may be needed as the "new SPWR" establishes its identity following apparent significant organizational changes.
OREM, Utah, June 30, 2025 (GLOBE NEWSWIRE) -- SunPower (aka Complete Solaria, Inc.) (“SunPower” or the “Company”) (Nasdaq: SPWR), a leading U.S. solar technology, services, and installation company, announced that effective today, Monday June 30th, 2025, SunPower has been added to the Russell 3000 and Russell Microcap Indices.
The Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the London Stock Exchange, approximately
SunPower chairman and CEO T.J. Rodgers commented, “Despite the factually erroneous barrage of negative data dumped on our stock symbol SPWR on a daily basis due to careless reporting by companies like Market Watch – which carries mostly obsolete stories created by bots on the demise of (the old) SunPower, which no longer exists as a company, our SPWR has been asked to join the Russell 3000 and Microcap Indices. Our inclusion in these Indices shows that the new SPWR is expected to benefit from the famous SunPower brand.
Rodgers continued, “Furthermore, in Q1’25, SPWR achieved an operating profit for the first time in four years, just six months after the current management team took control. And, we will announce our second consecutive quarter of profitability for Q2’25 on July 22 at our quarterly shareholder earnings call.
Rodgers concluded, “As stated in my recent WSJ Op-ed and our last press release (links here and here), while the U.S. residential solar industry is facing some structural uncertainties, that remains a huge opportunity, and I view the elimination of the ITC to be very positive versus competitors because our newly transformed SPWR is ready to grow profitably in a solar market free of frequent destructive government meddling. I look forward to being able to share SunPower's story with the broader investor audience available through the Russell indices."
About SunPower
SunPower (Nasdaq: SPWR) is a leading residential solar services provider in North America. The Company’s digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit www.sunpower.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “will,” “goal,” “prioritize,” “plan,” “target,” “expect,” “focus,” “forecast,” “look forward,” “opportunity,” “believe,” “estimate,” “continue,” “anticipate,” and “pursue” or the negative of these terms or similar expressions. Forward-looking statements in this press release include, without limitation, our future quarterly revenue projections, our expectations regarding our future fiscal financial performance, including with respect to our future quarterly and fiscal combined revenues and profit before tax loss, expectations and plans relating to further headcount reduction, cost control efforts, and our expectations with respect to when we achieve breakeven operating income and positive operating income, including our forecast to be operating income breakeven. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, our expectations relating to the ITC phase out and its impacts on our business, our ability to implement further headcount reductions and cost controls, our ability to integrate and operate the combined business with the SunPower assets, our ability to achieve the anticipated benefits of the SunPower acquisition, global market conditions, changes to domestic or foreign tariffs or tax incentives, any adjustments, changes or revisions to our financial results arising from our financial closing procedures, the completion of our audit and financial statements for Q2’25 and fiscal 2025, and other risks and uncertainties applicable to our business. For additional information on these risks and uncertainties and other potential factors that could affect our business and financial results or cause actual results to differ from the results predicted, readers should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of our annual report on Form 10-K filed with the SEC on April 30, 2025, our quarterly reports on Form 10-Q filed with the SEC and other documents that we have filed with, or will file with, the SEC. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements in this press release speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and SunPower assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Company Contacts:
Sioban Hickie
VP, Investor Relations
sioban.hickie@sunpower.com
(801) 477-5847
Source: SunPower
FAQ
When was SunPower (SPWR) added to the Russell 3000 and Russell Microcap Indices?
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When did SunPower (SPWR) return to profitability?
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How is SunPower's management viewing the elimination of the ITC (Investment Tax Credit)?
