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Noticias de CSLR
Eventos de CSLR
SunPower Enters Letter of Intent to Purchase Ambia Solar
SunPower has agreed to acquire Ambia Solar, based in Lindon, Utah, just 1.7 miles from SunPower's HQ. Ambia is the No. 19 U.S. solar company by installed megawatts as reported by Ohm Analytics. The companies have signed a non-binding LOI for $37.5M in equity. The transaction will close this quarter subject to customary closing conditions. Based on three quarters of actual results and with one month left in Q4'25, Ambia's 2025E revenue forecast is $83.6M. The equivalent 2025E revenue forecast for SunPower is $303.4M.
SunPower anticipates at least $2M in operating income for Q1 2026.
Currently expects to be profitable during 2026
SunPower projects $303M in revenue and $12M in operating income for FY25
Sees Q4 operating income $3.56M, revenue $83.3M.
SunPower announces Q3 revenue of $70M, up from $67.5M in the previous quarter.
SunPower CEO, T.J. Rodgers commented, "In the Q2'25 Shareholder Report, I used an analogy to the legendary 1967 Ice Bowl in Green Bay to describe our 18% Q2'25 revenue freeze to $67.5M. We have now bounced back in Q3'25 to $70M in revenue with record $3.12M operating income. In Q4'25, we expect further revenue growth to $83.3M with $3.56M in operating income, both would be records. Our external costs come from buying solar panels and paying license fees. Then SunPower employees create high performance, internet-connected storage & solar systems for our customers, which we then support for 10-25 years. Consequently, our only effective cost-control method is to control employee expenses. The first step, reducing headcount to the right number of employees, is done. From now on, growing revenue will be our earnings driver, hence our current focus on acquisitions. In addition to competitive salaries, we currently pay every employee a fixed bonus of $2,000 to $4,000 per year, based on Company quarterly performance. We also offer Silicon-Valley style stock options to every employee. The options are becoming more interesting to employees - many of whom have never had options - as they watch the value of their publicly traded options rise and can calculate what will happen if and when SunPower's market capitalization rises to a value of just one times annualized sales. Right now our stock is valued at only 0.53 times sales, compared to peer ratios at about 2.0 times sales. Thus, P/S multiple expansion offers a compelling investment opportunity, with concomitant risk, for stock price appreciation. The first reason for our low P/S valuation is our low cash balance of $4.1M, down from the typical $10-$11M we have carried since the SunPower asset purchase. We are in the process of raising money now to address this. In addition - and probably more importantly - our share price suffers from the negative disinformation from retail market data companies that today use bots instead of analysts to post information on us. Their bots dig up information on "old" SunPower, a defunct company, and usually post it with no disclaimers, not even a simple "this data is over one year old." After my talk at a recent Canaccord conference, I watched in frustration as an investor in the room searched for five full minutes through old-SunPower bankruptcy postings before he got any real data on the only SunPower that exists today. Rodgers concluded, "We are making progress on this front. At our request, CNET, whose core values include a 'Commit to Accuracy,' cleaned their website of obsolete old-SunPower investor information. And, they did it in just two weeks. I would like to thank CNET for its journalistic integrity."
SunPower Completes Acquisition of Sunder Energy
SunPower, formerly Complete Solaria, announced that it has closed its strategic acquisition of Sunder Energy, a residential solar sales company to create the U.S. residential solar industry's No. 5 company in installed megawatts, using data from Ohm Analytics. SunPower CEO T.J. Rodgers said, "This acquisition will immediately raise our revenue to its pre-ITC levels and then on to a new record. In addition, and equally important to us, it brings to us a great sales management team with its state-of-the-art sales business processes. In short, this deal is transformational for SunPower. The new revenue will be generated by Sunder's 893-person 1099 (dealer) sales force members, which are managed by only 20 Sunder W-2 employees, who have already transferred to SunPower. Our current plan shows that this new low-overhead revenue will generate an operating income profit record for us in Q4'25."
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