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plete Solaria(CSLR) - 2024 Q2 - Earnings Call Presentation
2024-08-15 00:01
Second Quarter Update August 14, 2024 1 T.J. Rodgers Q2'24 Investor Meeting 8/14/24 T.J. Rodgers Q2'24 Investor Meeting 8/14/24 Disclaimer This presentation may not be retained by you, and neither this presentation nor the information contained herein may be reproduced, redistributed or provided to any other person or published, in whole or in part, for any purpose, without the express and prior written consent of Complete Solaria, Inc. ("Complete Solaria"). This presentation contains "forward‐looking" stat ...
plete Solaria(CSLR) - 2024 Q2 - Quarterly Report
2024-08-14 20:01
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40117 COMPLETE SOLARIA, INC. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |-----------------------------------------|------------- ...
Complete Solaria Discusses SunPower Acquisition Opportunity
Newsfilter· 2024-08-06 12:30
Core Insights - Complete Solaria, Inc. has secured a "Stalking Horse" position in the Chapter 11 bankruptcy of SunPower, allowing it to set the first bid and negotiate the Asset Purchase Agreement [1] - The proposed plan involves merging Complete Solaria with Blue Raven and Core Energies, aiming to create a competitive solar power entity while reducing the workforce from 2,587 to 1,273 [1] - Complete Solaria offers a comprehensive solar solution, including financing, project fulfillment, and customer service, facilitated by its digital platform and premium solar products [2] Company Overview - Complete Solaria is recognized for its unique technology and end-to-end customer offerings in the solar industry [2] - The company is based in Lehi, Utah, and is part of a growing solar ecosystem in Salt Lake's "Solar Valley," which hosts over 20 solar companies [1]
Complete Solar Raises $10 Million from Chinese Energy Company
Newsfilter· 2024-07-17 12:52
About Complete Solar Herman Chang, CEO of StarCharge Energy PTE LTD said, "We are delighted to participate in this investment together with the NextG investment group and look forward to collaborating with companies led by T.J. Rodgers in the future." T.J. Rodgers, Complete Solar's CEO, said, "We thank our friends StarCharge and the NextG Fund for their support in completing our convertible debenture, which will provide us with all the funding we need to achieve profitability." Readers should carefully cons ...
Complete Solar Raises $10 Million from Chinese Energy Company
GlobeNewswire News Room· 2024-07-17 12:52
LEHI, Utah, July 17, 2024 (GLOBE NEWSWIRE) -- Complete Solar, Inc. ("Complete Solar" or the "Company." Nasdaq: CSLR), a solar technology, services, and installation company, today announced that StarCharge – a leading unicorn in Asia's digital energy sector that provides one-stop solutions for charging stations, microgrids, Virtual Power Plants (VPPs), and power trading – has made a $10 million investment in the convertible debenture previously announced by Complete Solar on June 17, 2024. Edward Zeng, foun ...
Complete Solar Acquires Core Energy
Newsfilter· 2024-07-15 12:30
Company Overview - Complete Solar, Inc. has acquired selected assets of Core Energy, a solar EPC firm, and hired its 37 employees, including CEO Cole Farmer, who will oversee Sales and Marketing for the combined company [1][5] - The acquisition will result in a modest increase in Complete Solar's headcount from 106 to 113 due to tight cost management and merit-based retention [1] Financial Performance - Cole Farmer previously grew Core Energy's revenue to $143 million (unaudited) during the 2022 solar boom, but it has since dropped to an annualized revenue of $22 million due to a downturn caused by changes to California's Net Energy Metering (NEM 3.0), which reduced payments for home solar power delivered to the grid by 75% [5] Strategic Goals - Complete Solar aims to leverage Cole Farmer's sales and marketing expertise to accelerate growth and increase installation rates in California, the largest solar market in the U.S. [6] - The company offers a unique end-to-end customer service model that includes financing, project fulfillment, and customer service, facilitated by a digital platform and premium solar products [6] Employee Engagement - All new Core Energy employees have received public company stock options, promoting a company-oriented culture similar to that of Silicon Valley, which emphasizes wealth sharing with employees [9]
5 Best Short-Term Stocks to Consider Investing In
MarketBeat· 2024-07-10 13:01
If you want to get into short-term trading, you'll need to understand why day and swing traders look at different factors and concepts than long-term investors. Short-term trading requires technical skill, market trend knowledge, and the ability to stay calm under pressure. Short-term traders use technical indicators like moving averages, the Moving Average Convergence Divergence (MACD), and the Relative Strength Index (RSI) to help them make their investment decisions. Fundamental analysis plays less of a ...
Why Is Complete Solaria (CSLR) Stock Up 41% Today?
Investor Place· 2024-07-01 14:16
Complete Solaria (NASDAQ:CSLR) stock is rocketing higher on Monday after the solar solutions company announced the elimination of some of its debt. Complete Solaria notes that it has canceled $67.6 million in debt from private equity firms Carlyle and Kline Hill Partners. The company did so with a $10 million cash payment to Carlyle and an $8 million cash payment to Kline Hill Partners. Complete Solaria notes that this debt cancelation was fueled by company CEO T.J. Rodgers. He purchased $18 million in conv ...
Complete Solaria Eliminates $67.6 Million of Private Equity Debt
GlobeNewswire News Room· 2024-07-01 11:00
LEHI, Utah, July 01, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. ("Complete Solaria" or the "Company") (Nasdaq: CSLR), a leading solar technology, services, and installation company, today announced that it had cancelled $67.6 million in debt from its balance sheet and been released from its obligations under that debt by its two private equity (PE) providers, Carlyle and Kline Hill Partners. Rodgers concluded, "I would like to thank Andrew Kapp of Carlyle and Rick Orlando and CEO Mike Bego of Kline Hil ...
Complete Solaria Eliminates $67.6 Million of Private Equity Debt
Newsfilter· 2024-07-01 11:00
On May 15, 2024, the Company announced that it had signed an agreement with Carlyle to set aside all of its financial claims in return for $10 million in cash. Today, we announce an equivalent deal with Kline Hill Partners for $8 million. Complete Solaria CEO, T.J. Rodgers concluded, "The reason for this press release is to announce that Complete Solaria is free of all of its prior private equity debt obligations, and that we have eliminated $67.6 million of long-term debt from our balance sheet." About Com ...