Welcome to our dedicated page for Complete Solaria news (Ticker: SPWRW), a resource for investors and traders seeking the latest updates and insights on Complete Solaria stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Complete Solaria's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Complete Solaria's position in the market.
SunPower (Nasdaq: SPWR) has announced the acquisition of Sunder Energy, the 11th largest U.S. solar company, in a deal valued at $40 million in cash plus 10 million shares of common stock. Sunder Energy projects 2025 revenue of $74 million from 46 megawatts of solar sales contracts.
The acquisition will expand SunPower's state coverage from 22 to 45 states and is expected to generate up to $247 million in total revenue. The deal will immediately add approximately $18.5 million per quarter in sales revenue starting Q4'25, plus an additional $21.6 million per quarter in EPC sales over the next 12 months.
The merger will double SunPower's 1099 salesforce to 1,734 and is expected to bring in about 5,500 new solar contracts annually with an average selling price of $40,000 per installation. The company anticipates setting post-acquisition revenue and profit records in Q4'25.
SunPower (NASDAQ: SPWR) announced its participation in the Canaccord Genuity 45th Annual Growth Conference on August 12, 2025, in Boston. Chairman and CEO Dr. T.J. Rodgers will deliver a company presentation at 11:30 AM ET and participate in one-on-one meetings throughout the day.
Notably, Rodgers highlighted that SunPower is experiencing its third consecutive quarter of profitability after a four-year period of losses. The company also announced its participation in additional conferences during the second half of 2025, including RE+ in Las Vegas, Jefferies Renewables & Clean Energy Conference, and Wells Fargo Energy & Power Symposium.
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).
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.
FAQ
What is the current stock price of Complete Solaria (SPWRW)?
