Complete Solaria Inc. Stock Price, News & Analysis

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.

Complete Solar (Nasdaq: CSLR) has rescheduled its earnings call to April 30, 2025, at 1:00pm ET, where it will present both audited 2024 financial results and unaudited Q1'25 results. The delay from the original April 23 date is due to a one-week extension of their SEC 10K filing deadline.

CEO T.J. Rodgers confirmed that Q1'25 results will align with previous guidance, showing positive operating income and cash flow. The delay stems from audit complexities involving the financial combination of three previously independent companies: Complete Solar, old SunPower, and Blue Raven, each operating with different accounting systems.

The company is actively implementing SOX compliance programs to strengthen financial controls, with management expecting future audits to be more timely and cost-effective. Interested parties can access the webcast through registration or via the company's investor relations website.

Complete Solar (CSLR) has announced it will present its audited 2024 and unaudited Q1'25 financial results on April 23, 2025, at 1:00pm ET via webcast. The company will showcase its first two complete quarters exceeding $80 million following the SunPower asset acquisition.

The report will position CSLR as a $300 million-plus annualized residential solar installer, ranking fifth in a market where only SunRun and Freedom Forever exceed $1 billion in revenue. The company reports achieving profitability on operating income and positive cash flow.

Key announcements include:

• Plans to advance market rankings through enhanced partnership with Sunder Energy
• Upcoming company rebranding to SunPower
• Stock ticker symbol change from CSLR to SPWR

Complete Solar (Nasdaq: CSLR) has announced its participation in the Cantor Global Technology Conference on March 11th, 2025, in New York. The company's leadership team, including Founder Will Anderson, CFO Dan Foley, and VP of IR Sioban Hickie, will conduct one-on-one meetings with investors at this Cantor clients-exclusive event.

The company has confirmed the successful completion of its SunPower integration and reaffirmed its guidance for achieving operating income profit in Q1 2025. Anderson expressed confidence in the company's execution of planned initiatives and cost reduction efforts, positioning Complete Solar as a 'bright spot in the solar industry.'

Complete Solar (Nasdaq: CSLR) announced its preliminary unaudited Q4’24 results, highlighting significant achievements and future forecasts. The Q4’24 revenue was $81.1 million, a substantial increase from the previous quarter's $5.5 million, attributed to the successful integration of SunPower's assets, which were acquired for $45 million.

The acquisition, approved by a Delaware bankruptcy court, has increased Complete Solar's headcount from 109 to 1,341 as of September 30. The company has since reduced this to 1,140, with a target of 980. Operating expenses have been cut from $94 million in Q3’24 to $35.7 million in Q4’24.

For Q1’25, Complete Solar forecasts revenue growth to $82 million despite seasonal industry declines. The company aims for operating income breakeven and expects to grow its cash balance from the current $13.3 million. New executive appointments include Dan Myers and Steve Erickson leading the New Homes and Blue Raven Solar divisions, respectively.

CEO T.J. Rodgers highlighted the company's financial strategy, focusing on non-GAAP results to provide a clearer picture of operational performance. The full-year audit, involving historical SunPower financials, is expected to complete by mid-March 2025.

Complete Solar (Nasdaq: CSLR) has announced it will release its fourth quarter and full year 2024 financial results before market open on Tuesday, January 21, 2025. The company will host a webcast conference call on the same day at 2:00 PM ET, led by T.J. Rodgers and the management team.

Investors and interested parties can access the webcast through registration or via the Events page in the Investor Relations section of Complete Solar's website. Participants are advised to log in at least 10 minutes before the event starts. A replay of the webcast will be available afterward on the company's website.