Complete Solar’s Blue Raven Signs Installation Agreement with Sunder Energy
Complete Solar Holdings (Nasdaq: CSLR) announces that its division Blue Raven Solar has signed an installation sales agreement with Sunder Energy, a major residential solar sales company operating in 48 states. Sunder Energy performs approximately 12,000 solar installations annually, generating estimated revenue of $400 million for residential installers. The partnership leverages Complete Solar's extensive service footprint and recent SunPower asset acquisition to meet Sunder's operational requirements as a large-scale sales company.
Complete Solar Holdings (Nasdaq: CSLR) annuncia che la sua divisione Blue Raven Solar ha firmato un accordo di vendita per l'installazione con Sunder Energy, una importante azienda di vendita di energia solare residenziale che opera in 48 stati. Sunder Energy effettua circa 12.000 installazioni solari all'anno, generando ricavi stimati di 400 milioni di dollari per gli installatori residenziali. La partnership sfrutta l'ampia rete di servizi di Complete Solar e l'acquisizione recente di asset da SunPower per soddisfare i requisiti operativi di Sunder come azienda di vendita su larga scala.
Complete Solar Holdings (Nasdaq: CSLR) anuncia que su división Blue Raven Solar ha firmado un acuerdo de venta de instalaciones con Sunder Energy, una importante empresa de ventas solares residenciales que opera en 48 estados. Sunder Energy realiza aproximadamente 12,000 instalaciones solares anuales, generando ingresos estimados de 400 millones de dólares para los instaladores residenciales. La asociación aprovecha la amplia cobertura de servicios de Complete Solar y la reciente adquisición de activos de SunPower para satisfacer los requisitos operativos de Sunder como una empresa de ventas a gran escala.
Complete Solar Holdings (Nasdaq: CSLR)는 그 소속의 Blue Raven Solar가 48개 주에서 운영되는 주요 주거용 태양광 판매 회사인 Sunder Energy와 설치 판매 계약을 체결했다고 발표했습니다. Sunder Energy는 연간 약 12,000개의 태양광 설치를 진행하며, 주거 설치업체에 대해 약 4억 달러의 매출을 생성합니다. 이 파트너십은 Complete Solar의 광범위한 서비스 범위와 최근의 SunPower 자산 인수를 활용하여 대규모 판매 회사로서 Sunder의 운영 요구 사항을 충족합니다.
Complete Solar Holdings (Nasdaq: CSLR) annonce que sa division Blue Raven Solar a signé un accord de vente d'installation avec Sunder Energy, une entreprise majeure de vente solaire résidente opérant dans 48 États. Sunder Energy réalise environ 12 000 installations solaires chaque année, générant des revenus estimés à 400 millions de dollars pour les installateurs résidentiels. Ce partenariat tire parti de l'ample réseau de services de Complete Solar et de l'acquisition récente d'actifs de SunPower pour répondre aux exigences opérationnelles de Sunder en tant qu'entreprise de vente à grande échelle.
Complete Solar Holdings (Nasdaq: CSLR) gibt bekannt, dass seine Abteilung Blue Raven Solar einen Installationsverkaufsvertrag mit Sunder Energy unterzeichnet hat, einem großen Unternehmen für den Verkauf von Solarenergie im Wohnbereich, das in 48 Bundesstaaten tätig ist. Sunder Energy führt jährlich ungefähr 12.000 Solarinstallationen durch und erzielt geschätzte Einnahmen von 400 Millionen Dollar für Wohnungsinstallateure. Die Partnerschaft nutzt die umfangreiche Servicepräsenz von Complete Solar und die jüngste Akquisition von Vermögenswerten von SunPower, um die betrieblichen Anforderungen von Sunder als groß angelegtes Verkaufsunternehmen zu erfüllen.
- Partnership with Sunder Energy provides access to 48-state market coverage
- Potential revenue opportunity from Sunder's 12,000 annual installations ($400M revenue generation)
- Expansion of New Dealer channel through major sales partner addition
- None.
Insights
This strategic partnership marks a significant revenue opportunity for Complete Solar. With Sunder Energy's
The residential solar market is highly competitive and securing a major sales partner like Sunder Energy through their New Dealer channel demonstrates Complete Solar's growing market presence. This deal should provide steady installation revenue streams and help optimize operational capacity utilization. However, margins and actual revenue contribution will depend on the specific terms of the agreement and successful execution of installations.
This partnership aligns with industry consolidation trends in the residential solar sector. Sunder Energy's extensive market reach and Complete Solar's enhanced installation capabilities create synergistic value. The deal leverages Complete Solar's expanded infrastructure from the SunPower acquisition, potentially improving economies of scale and operational efficiency.
The residential solar market faces challenges including rising interest rates and shifting consumer sentiment, but partnerships between sales and installation specialists can help optimize cost structures and improve market penetration. This collaboration model reduces customer acquisition costs while maintaining specialized expertise in both sales and installation segments.
LEHI, Utah, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Blue Raven Solar (“BRS”) a division of Complete Solar Holdings, Inc. (“Complete Solar” or the “Company”) (Nasdaq: CSLR), is pleased to announce it has signed an installation sales agreement with Sunder Energy (“Sunder”), one of the largest residential sales companies in the US. Sunder sells solar in 48 states, executing approximately 12,000 solar installations per year, generating estimated revenue of
Eric Nielsen, CEO of Sunder said, "We look forward to working with Complete Solar as an installation partner. It is rare to find an install partner with such a large service footprint, capable of handling the operational needs of a sales company of Sunder’s size. Complete Solar’s acquisition of SunPower’s assets has made this a great partnership for Sunder Energy."
Cole Farmer, Vice President of Sales for Complete Solar added, "This is a great opportunity for CSLR to add a large sales partner to the New Dealer channel at Complete Solar. Sunder is a powerhouse in the residential solar space. I have a long history with Sunder leadership and know first-hand how impactful they are as a sales company, and I look forward to working with them again."
About Complete Solar
With its recent acquisition of SunPower assets, Complete Solar has become a leading solar services provider in North America. Complete Solar’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 https://www.completesolar.com.
Forward Looking Statements
This press release may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the referenced transaction. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions, but the absence of these words does not mean that a statement is not a forward-looking statement. Forward-looking statements are forecasts, predictions, projections and other statements about future events that are based on current expectations, hopes, beliefs, intentions, strategies and assumptions, including statements relating to the installation agreement included in this press release, and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release and the price of Complete Solar’s securities may be volatile due to a variety of factors, including but not limited to changes in the applicable competitive or regulatory landscapes, variations in operating performance across competitors, changes in laws and regulations affecting Complete Solar’s business, and changes in the combined capital structure; the ability to implement business plans, forecasts, and the evolution of the markets in which Complete Solar will compete.
Readers should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Complete Solar’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 1, 2024 and the other documents that Complete Solar files with the SEC, including Quarterly Reports on Form 10-Q. 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 speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Complete Solar 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.
For inquiries, please contact:
Sioban Hickie
Head of Investor Relations
Phone: +1 (801) 477-5847
InvestorRelations@CompleteSolar.com
Public Relations:
PR@completesolar.com
Source: Complete Solar, Inc.
FAQ
What is the value of Sunder Energy's annual installations that Complete Solar (CSLR) could potentially service?
How many states does the Complete Solar (CSLR) and Sunder Energy partnership cover?
What recent acquisition helped Complete Solar (CSLR) secure the Sunder Energy partnership?
