Rodgers concluded, "As stated in my recent WSJ Op-ed and our last press release (links here and here), while the U.S. residential solar industry is facing some structural uncertainties, that remains a huge opportunity, and I view the elimination of the ITC to be very positive versus competitors because our newly transformed SPWR is ready to grow profitably in a solar market free of frequent destructive government meddling. I look forward to being able to share SunPower's story with the broader investor audi ...

Shares of Sunnova Energy (NOVA) have been struggling lately and have lost 8.1% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case ...

Annual Report on Form 10-K Filed on April 30, 2025OREM, Utah, May 02, 2025 (GLOBE NEWSWIRE) -- SunPower (aka Complete Solaria, Inc.) (“SunPower” or the “Company”) (Nasdaq: SPWR), today announced that it received an expected deficiency notification letter from the Listing Qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) on April 28, 2025 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because it did not timely ...

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].