Group 1: Company Performance - CSLM Acquisition Corp. (SPWR) has shown a year-to-date return of 3.9%, outperforming the average gain of 1.1% in the Oils-Energy group [4] - Over the past 90 days, the Zacks Consensus Estimate for SPWR's full-year earnings has increased by 129.6%, indicating improved analyst sentiment and a stronger earnings outlook [4] - In the Solar industry, which includes 16 companies, CSLM Acquisition Corp. ranks 179 in the Zacks Industry Rank and has outperformed the industry average gain of 2.5% this year [6] Group 2: Sector and Industry Context - The Oils-Energy group, which includes CSLM Acquisition Corp., is currently ranked 16 within the Zacks Sector Rank, which evaluates 16 different groups based on the average Zacks Rank of individual stocks [2] - Tigo Energy, Inc. (TYGO), another stock in the Oils-Energy sector, has achieved a year-to-date return of 26.9% and has a Zacks Rank of 2 (Buy) [5] - The Zacks Rank system focuses on earnings estimates and revisions to identify stocks with improving earnings outlooks, with a historical record of success in predicting market performance [3]

Core Viewpoint - The solar industry, particularly SunPower, is poised for significant change as the federal government considers eliminating the 30% solar Investment Tax Credit (ITC), which could lead to both challenges and opportunities for the company and the sector as a whole [1][5][18]. Company Overview - SunPower, founded in 1985, has navigated various economic downturns and crises, including a Chapter 11 bankruptcy in 2024, attributed to management failures and reliance on government subsidies [7][9]. - The company has recently restructured under new ownership, Complete Solar, which acquired key assets and aims to operate more efficiently and profitably [10][12]. Financial Performance - SunPower reported a revenue of $1.4 billion and an operating income of $168 million in 2008, but faced significant losses leading to bankruptcy in 2024 [8][9]. - The new SunPower has achieved a revenue of $320 million with a target of $80 million per quarter, and is on track for its second profitable quarter [10][17]. - Current financial models predict a breakeven revenue of approximately $72 million, which could decrease to $65 million with ongoing cost reductions [19][26]. Market Analysis - The solar market has seen significant growth, with shipments increasing from 2,176 MW to 6,953 MW between 2015 and 2024, while prices remained relatively stable [22]. - A potential price increase from $3.30 to $3.88 per watt (17.6%) could result in a volume loss of 134 MW, impacting SunPower's revenue by approximately 7.2% [25]. - The company’s revenue is projected to drop from $80 million to $74.2 million per quarter if market conditions worsen due to the ITC phase-out [25][27]. Strategic Direction - The company advocates for a free market approach, suggesting that the removal of the ITC could ultimately benefit the solar industry by reducing reliance on government subsidies [2][5]. - SunPower's strategy involves leveraging its existing assets and workforce to create a leaner, more profitable organization, moving away from the inefficiencies associated with previous government support [14][17]. Valuation Concerns - SunPower's stock price remains low, with a price-to-sales ratio of about 0.5x, despite recent operational improvements and profitability [33][34]. - The company aims to eliminate the "going concern" rating by year-end to improve investor confidence and stock valuation [34].

May 12, 2025 45700 Northport Loop East Fremont, California 94538 Dear [Investor], I am writing to you as one of our largest SunPower shareholders [Nasdaq: SPWR] to ask for your proxy vote in our 'virtual' annual meeting of stockholders at 11:00 a.m. Pacific Time on Thursday, May 29, 2025. While annual meetings have shrunk in size, this particular virtual meeting is critical to the new SunPower and its shareholders. We need shareholder approval for three proposals. The first two proposals are both non-contro ...

Core Viewpoint - SunPower received a deficiency notification from Nasdaq for not timely filing its Annual Report on Form 10-K for the year ended December 29, 2024, which was filed 16 days late on April 30, 2025 [1][3]. Group 1: Compliance and Reporting - The Company was notified by Nasdaq on April 28, 2025, regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its 2024 Form 10-K [1]. - The delay in filing the 2024 Form 10-K was attributed to the need for additional time to complete year-end audit procedures, requiring 14,000 hours of auditing compared to the typical 6,500 hours for more mature companies [2][3]. - The Company filed the 2024 Form 10-K, including audited financial statements, on April 30, 2025, as planned [2]. Group 2: Company Overview - SunPower is recognized as a leading residential solar services provider in North America, offering a digital platform and installation services to support energy-efficient lifestyles [4].

Core Viewpoint - SunPower, formerly known as Complete Solaria, Inc., has reported its first profitable quarter in four years, coinciding with its rebranding and the acquisition of SunPower assets, indicating a positive turnaround for the company [3][18]. Financial Performance - Q1 2025 revenue was $80.2 million, consistent with expectations, and achieved during a traditionally challenging winter quarter [8]. - The gross margin for Q1 2025 was 36%, down from 47% in Q4 2024, while operating expenses were significantly reduced from $62.8 million in Q4 2024 to $27.4 million in Q1 2025 [3][4]. - The company reported an operating income of $1.3 million in Q1 2025, a significant improvement from a loss of $39.6 million in Q3 2024 and a loss of $5.9 million in Q4 2024 [16][19]. Staffing and Operational Efficiency - SunPower's workforce was reduced from 3,499 employees to 906 within a quarter, aligning staffing levels with profitability targets [8][16]. - The company aims to achieve profitability at an annualized revenue of $300 million, indicating a streamlined operational structure [9][16]. Strategic Developments - The rebranding to SunPower was officially announced on April 21, 2025, with a new ticker symbol SPWR effective April 22, 2025 [18]. - A strategic partnership with Sunder, a prominent solar sales firm, is expected to contribute to revenue growth starting in Q3 2025 [18]. - The board has been strengthened with the addition of three former public company CEOs, enhancing governance and strategic oversight [19][20]. Future Outlook - The company forecasts steady revenue and positive operating income for the next quarter, with a detailed growth plan to be presented at the May annual meeting [15].

Core Viewpoint - SunPower has reported its first profitable quarter in four years, coinciding with its rebranding from Complete Solaria, Inc. to SunPower, and has shown significant improvements in revenue and operating income [3][18]. Financial Performance - Q1 2025 revenue was $80.2 million, consistent with expectations, despite being a traditionally challenging winter quarter [9]. - The company achieved a gross margin of 36% in Q1 2025, down from 47% in Q4 2024 [4]. - Operating income for Q1 2025 was $1.3 million on a non-GAAP basis, a significant improvement from a loss of $5.9 million in Q4 2024 [16]. - Cash balance increased to $14.0 million in Q1 2025 from $13.3 million in Q4 2024 [13]. Operational Changes - The company reduced its workforce from 3,499 employees to 906 within a quarter, aligning staffing levels with profitability targets [9]. - SunPower has implemented continuous cost-cutting measures, leading to improved operating income over the last three quarters [16]. Strategic Developments - SunPower has formed a strategic partnership with Sunder, a solar sales firm, expected to contribute to revenue growth starting in Q3 2025 [18]. - The board has been strengthened with the addition of three former public company CEOs, enhancing governance and strategic oversight [19]. Future Outlook - The company forecasts steady revenue and positive operating income for the next quarter, with a detailed growth plan to be presented at the May annual meeting [15].

Group 1 - Enterprise Products Partners (EPD) is one of 246 individual stocks in the Oils-Energy sector, which ranks 14 in the Zacks Sector Rank [2] - EPD currently holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for EPD's full-year earnings has increased by 2.5% over the past quarter, reflecting improving analyst sentiment [4] Group 2 - EPD has returned approximately 0% year-to-date, outperforming the average loss of 5.4% in the Oils-Energy sector [4] - EPD is part of the Oil and Gas - Production Pipeline - MLB industry, which ranks 202 in the Zacks Industry Rank, with an average loss of 5.8% this year [6] - Another stock in the Oils-Energy sector, Complete Solaria, Inc. (SPWR), has increased by 14.5% year-to-date, with a consensus EPS estimate rise of 129.6% over the past three months [5][7]

Core Points - SunPower is rebranding from Complete Solaria, Inc. and changing its ticker symbol to "SPWR" and "SPWRW" effective April 22, 2025 [1] - The company has a rich history, founded in April 1985, went public in 2005, and surpassed $1 billion in revenue in 2008 [2] - T.J. Rodgers, CEO, emphasized the significance of this rebranding as a new chapter in the company's history, aiming to uphold SunPower's reputation for operational excellence and technology [3] - The new Helios logo symbolizes innovation, referencing NASA's Helios solar-powered airplane, which set a record altitude of 96,863 feet using SunPower solar cells [4] - SunPower will present its audited financial results for the full year 2024 and unaudited results for Q1 2025 on April 30, 2025 [7] - SunPower is recognized as a leading residential solar services provider in North America, focusing on energy-efficient solutions for customers [8]

Core Points - SunPower is rebranding from Complete Solaria, Inc. and changing its ticker symbol to "SPWR" and "SPWRW" effective April 22, 2025 [1] - The company has a rich history, founded in April 1985, went public in 2005, and surpassed $1 billion in revenue in 2008 [2] - T.J. Rodgers, CEO, emphasized the significance of this rebranding as a strategic move to unify the company's identity under the SunPower name [3] - The new Helios logo symbolizes innovation, referencing NASA's Helios solar-powered airplane, which set a record altitude using SunPower solar cells [4] - SunPower will present its audited financial results for the full year 2024 and unaudited results for Q1 2025 on April 30, 2025 [7] - SunPower is recognized as a leading residential solar services provider in North America, focusing on energy-efficient solutions [8]

Core Viewpoint - Complete Solar Holdings, Inc. has acquired substantially all assets of SunPower Corporation's Blue Raven, New Homes, and Dealer businesses for $45 million, with the transaction expected to close by September 30, 2024 [1][2]. Group 1: Acquisition Details - The acquisition includes the SunPower brand and approximately 1,000 employees, marking a significant expansion for Complete Solar [1]. - The U.S. Bankruptcy Court for the District of Delaware has approved the sale, indicating a legal endorsement of the transaction [1]. Group 2: Industry Context - T.J. Rodgers, CEO of Complete Solar, emphasized that the U.S. solar industry is facing challenges, but the acquisition positions the new SunPower to emerge as a competitive entity with a national presence [2]. - Only 3.7% of American homes currently utilize solar power, suggesting significant growth potential for the industry as solar energy becomes more cost-effective than fossil fuels [2]. Group 3: Financial Aspects - Complete Solar has raised an additional $40 million, bringing total proceeds to $80 million, which is expected to support the transition without the need for further cash [3]. - The financial struggles of Maxeon, a competitor, were highlighted, with its stock price dropping to $0.078 per share due to dilution from its Chinese investor, TCL Corporation [3].