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Complete Solaria (SPWR)
NASDAQ:SPWR
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Complete Solaria (SPWR) AI Stock Analysis

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SPWR

Complete Solaria

(NASDAQ:SPWR)

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Neutral 51 (OpenAI - 4o)
Rating:51Neutral
Price Target:
$2.00
▼(-4.76% Downside)
The stock's overall score is primarily impacted by its strong technical momentum, which is offset by significant financial performance challenges and poor valuation metrics. The lack of earnings call data and corporate events means these factors did not influence the score.

Complete Solaria (SPWR) vs. SPDR S&P 500 ETF (SPY)

Complete Solaria Business Overview & Revenue Model

Company DescriptionSunPower, Inc. is a solar technology, services, and installation company. It offers sales enablement, project management, partner coordination, and customer communication. The company was founded William J. Anderson by in 2010 and is headquartered in Fremont, CA.
How the Company Makes MoneyComplete Solaria generates revenue primarily through the sale of solar panels and related installation services. The company's revenue model is based on direct sales to consumers and businesses, as well as partnerships with energy service providers and distributors. Key revenue streams include the sale of solar energy systems, maintenance services, and potential long-term power purchase agreements (PPAs) with clients. Additionally, Complete Solaria benefits from governmental incentives and subsidies for renewable energy adoption, which further supports its earnings. Strategic partnerships with technology firms and suppliers also enhance its market presence and contribute to revenue growth.

Complete Solaria Earnings Call Summary

Earnings Call Date:Oct 21, 2025
(Q1-2025)
|
% Change Since: |
Next Earnings Date:Jan 27, 2026
Earnings Call Sentiment Positive
The earnings call reflected a positive shift towards profitability and strategic growth, with significant achievements in cost management and strategic partnerships. However, challenges remain with market pricing pressures and ongoing execution improvements.
Q1-2025 Updates
Positive Updates
Profitability Achieved
SunPower reported a non-GAAP profit of $1.27 million in Q1 2025, up from a loss of $5.9 million in the prior quarter.
Revenue In Line with Expectations
The company achieved $80 million in revenue for Q1 2025, meeting market expectations and establishing a stable baseline for future growth.
Strategic Partnerships and Board Strengthening
SunPower formed a strategic partnership with Sunder and strengthened its Board with three ex-CEO directors, enhancing governance and strategic direction.
Innovative Hiring and Cost Management
The company implemented a disciplined headcount reduction strategy, reducing employees from 1,341 to 906 and saving an annualized $1.6 million.
Investment in Technology and Talent
SunPower hired industry veterans Dick Swanson and Mehran Sedigh to drive innovation in solar technology and storage systems.
Negative Updates
Headcount Reductions
Significant layoffs occurred, reducing staff from 1,341 to 906, highlighting a dramatic cost-cutting effort.
Challenges with Solar Market Pricing
The solar market remains challenging with intense pricing pressure and potential impacts from tariffs and supply chain issues.
Execution and Quality Concerns
The company acknowledged they are 'not that good' at workforce training and are evolving towards operational excellence.
Company Guidance
During SunPower's Q1 2025 earnings call, the company provided several key metrics indicating a positive financial trajectory. SunPower reported $80 million in revenue and achieved a $1.3 million profit, marking a significant turnaround from a $5.9 million loss in the previous quarter. The company highlighted a substantial cost-cutting initiative, reducing its workforce from 3,500 to 906 employees, and achieving a revenue per employee figure of $369,000. This lean operation has contributed to SunPower's profitability and cash flow positivity. The call also discussed strategic partnerships, including a collaboration with Sunder to bolster sales, and emphasized the importance of innovative storage solutions to enhance ROI in the solar sector. SunPower aims for future growth with an ambitious vision of reaching $1 billion in annual revenue, leveraging both organic growth and strategic acquisitions.

Complete Solaria Financial Statement Overview

Summary
Complete Solaria shows strong revenue growth but struggles with profitability and liquidity. The financial structure is heavily leveraged with negative equity and consistent losses, posing significant risks to financial stability.
Income Statement
40
Negative
Complete Solaria shows significant revenue growth over the years, with a notable increase from $29.38M in 2020 to $108.74M in 2024. However, profitability metrics are concerning; the company has consistently reported net losses, with a net profit margin of -51.93% in 2024. Gross profit margin improved slightly over the years, reaching 36.32% in 2024. The EBIT and EBITDA margins remain negative, indicating operational challenges.
Balance Sheet
30
Negative
The balance sheet reveals high leverage, with total debt exceeding total assets in recent years. In 2024, the debt-to-equity ratio is negative due to negative equity, which poses a risk to financial stability. The equity ratio is also negative, indicating that liabilities exceed assets, a major concern for long-term solvency.
Cash Flow
35
Negative
Cash flow statements reflect a consistent negative free cash flow, indicating cash outflows exceeding inflows from operations. Although financing activities have provided cash inflows, primarily from debt, operating cash flow remains negative, raising concerns about sustainability. The free cash flow to net income ratio is negative, further highlighting cash constraints.
BreakdownTTMDec 2024Dec 2023
Income Statement
Total Revenue238.94M108.74M87.62M
Gross Profit110.17M39.50M17.79M
EBITDA60.58M-35.48M-81.25M
Net Income32.69M-56.45M-269.56M
Balance Sheet
Total Assets163.14M144.47M47.32M
Cash, Cash Equivalents and Short-Term Investments11.13M13.38M2.59M
Total Debt157.90M153.06M63.21M
Total Liabilities270.32M242.00M124.14M
Stockholders Equity-107.18M-97.54M-76.81M
Cash Flow
Free Cash Flow-32.71M-55.82M-60.59M
Operating Cash Flow-32.60M-54.66M-58.61M
Investing Cash Flow-53.61M-54.66M6.17M
Financing Cash Flow17.84M120.10M50.42M

Complete Solaria Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.10
Price Trends
50DMA
1.68
Positive
100DMA
1.71
Positive
200DMA
1.68
Positive
Market Momentum
MACD
0.07
Negative
RSI
61.20
Neutral
STOCH
61.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPWR, the sentiment is Positive. The current price of 2.1 is above the 20-day moving average (MA) of 1.83, above the 50-day MA of 1.68, and above the 200-day MA of 1.68, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 61.20 is Neutral, neither overbought nor oversold. The STOCH value of 61.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPWR.

Complete Solaria Risk Analysis

Complete Solaria disclosed 59 risk factors in its most recent earnings report. Complete Solaria reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Complete Solaria Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
55
Neutral
$130.01M-175.83%-17.53%8.53%
55
Neutral
$153.83M-221.18%52.31%-2421.56%
51
Neutral
$139.62M308.47%76.84%
48
Neutral
$94.95M-1.27%-33.44%81.60%
44
Neutral
$104.66M86.59%55.95%
41
Neutral
$58.80M-54.68%63.56%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SPWR
Complete Solaria
2.10
-0.16
-7.08%
SOL
Emeren Group
1.86
-0.53
-22.18%
MAXN
Maxeon Solar Technologies
3.56
-2.15
-37.65%
FTCI
FTC Solar
8.41
1.80
27.23%
TYGO
Tigo Energy
2.48
1.24
100.00%
ZEO
Zeo Energy
1.90
0.59
45.04%

Complete Solaria Corporate Events

Complete Solaria Inc Reports Record Q3 Profits
Oct 22, 2025

Complete Solaria Inc, a prominent player in the solar technology and services sector, specializes in the installation of solar systems, catering to the growing demand for renewable energy solutions.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Complete Solaria Reports Record Q3 2025 Operating Income
Positive
Oct 21, 2025

Complete Solaria, a solar technology, services, and installation company, reported a record operating income of $3.12 million for Q3 2025, with revenue increasing to $70 million. The company anticipates further growth in Q4 2025, with projected revenues of $83.3 million and an operating income of $3.56 million. The acquisition of Sunder Energy has expanded SunPower’s reach and dealer salesforce, positioning the company as the No. 5 residential solar company in the U.S. This strategic move is expected to significantly boost bookings and revenue, enhancing SunPower’s market presence.

The most recent analyst rating on (SPWR) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Complete Solaria stock, see the SPWR Stock Forecast page.

M&A TransactionsPrivate Placements and Financing
Complete Solaria Acquires Sunder Energy for $40 Million
Positive
Sep 26, 2025

Complete Solaria, Inc., a Delaware corporation, completed the acquisition of Sunder Energy LLC on September 24, 2025, through a Membership Interest Purchase Agreement. The transaction involved a cash payment of $20 million, a promissory note of $20 million, and the issuance of common stock, with additional shares to be issued pending shareholder approval. The company also closed a private offering of 7.00% Convertible Senior Notes due 2029, raising $22 million, which was used to finance the acquisition and related expenses.

The most recent analyst rating on (SPWR) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Complete Solaria stock, see the SPWR Stock Forecast page.

M&A TransactionsPrivate Placements and Financing
Complete Solaria Announces Convertible Notes Purchase
Neutral
Sep 22, 2025

On September 22, 2025, Complete Solaria, Inc. announced on its website that it has provided information to certain investors regarding the purchase of its 7.00% Convertible Senior Notes due 2029. This move is in connection with the company’s agreement to acquire Sunder Energy LLC. The company has made it clear that all statements in the presentation, except for historical financial information, are forward-looking and are not guarantees of future performance.

The most recent analyst rating on (SPWR) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Complete Solaria stock, see the SPWR Stock Forecast page.

Business Operations and StrategyM&A Transactions
Complete Solaria Acquires Sunder Energy for Expansion
Positive
Sep 22, 2025

On September 21, 2025, Complete Solaria, Inc. entered into a Membership Interest Purchase Agreement to acquire Sunder Energy LLC, a notable U.S. solar company. The acquisition, valued at $40 million in cash and 10 million shares of common stock, is expected to significantly enhance SunPower’s market position by expanding its operations from 22 to 45 states and boosting its revenue through Sunder’s existing contracts. This strategic move is anticipated to double SunPower’s salesforce and increase its revenue, positioning the company for substantial growth in the consolidating solar industry.

The most recent analyst rating on (SPWR) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Complete Solaria stock, see the SPWR Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Complete Solaria Amends Forward Purchase Agreement
Neutral
Aug 4, 2025

Complete Solaria, Inc. announced a significant amendment to its Forward Purchase Agreement with Polar Multi-Strategy Master Fund, initially established in July 2023. The Fifth Amendment, dated August 1, 2025, extends the valuation date and modifies key financial terms, impacting the company’s financial obligations and strategic flexibility.

The most recent analyst rating on (SPWR) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Complete Solaria stock, see the SPWR Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 24, 2025