Complete Solaria 株価情報 (NASDAQ: CSLR)

最新ニュース Complete Solaria (NASDAQ:CSLR) 株価情報

Complete Solaria

Complete Solaria Inc is a solar company with unique technology and end-to-end customer offering, which includes financing, project fulfilment and customer service. Complete Solaria's digital platform together with premium solar products enable one-stop service for clean energy needs for customers wishing to make the transition to a more energy-efficient lifestyle.

Complete Solaria Inc

Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares are trading higher after the company released its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g43094569/complete-solar-preliminary-fourth-quarter-report" rel="noreferrer noopener">preliminary fourth-quarter results</a>.
The Fremont, California-based company disclosed that its quarterly revenue escalated to $81.1 million (vs. consensus of $50 million) from $5.5 million in the third quarter on a standalone basis and surpassed the <a href="https://www.benzinga.com/pressreleases/24/11/g41960313/complete-solar-third-quarter-report" target="_blank" rel="noreferrer noopener">company guidance of $80 million</a>.
Notably, in the third quarter report, the company outlined an operating plan for Complete Solar based on the successful $45 million acquisition of SunPower&#8217;s business unit assets, forming Complete Solar &#8220;NewCo&#8221; (CSLR).
Operating expenses, excluding sales commissions, dropped from $84 million in the third quarter to $19.8 million in the fourth quarter.
Complete Solaria reduced headcount by 67% vs October 1 to 1,140 by the end of the fourth quarter.
The company targets a final headcount for the combined company of 980.
Notably, the headcount cut lowered adjusted operating expenses to $35.7 million in the fourth quarter of 2024 from $94 million in the third quarter of 2024.
The company&nbsp;finished the fourth quarter with $13.3 million in cash and plans to grow cash from operations during 2025.
Q1 Outlook: The company expects modest sequential revenue growth to $82 million (vs. consensus of $90.0 million) in the first quarter of 2025, despite seasonal declines of 5%-14% in the solar <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">industry during the first quarter</a>.
The company sees adjusted operating income at breakeven in the quarter.
Complete Solaria forecasts a further 30% decline in operating expenses (less commissions) in the first quarter of 2025.
Price Action: Complete Solaria shares are up 13.66% at $1.83 at the last check Tuesday.
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Complete Solaria Surges On Heels Of Q4 Revenue Report, SunPower Acquisition

<a href="https://www.globenewswire.com/Tracker?data=7KaeA3vnzdXmD2UtwNmkZWPYHD2PNhdXYFVesafLNuomK25ok1rGyxD_BvJ5EfYeTJIuKveTlCNI53TXTOx3OavG2SzhSfnjWnaFmSE_6fU=">Complete Solaria, Inc.</a> d/b/a Complete Solar ("Complete Solar" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>), a solar technology, services, and installation company, today will present its preliminary unaudited Q4'24 results via webcast at 2:00pm ET. Interested parties may access the webcast by registering <a href="https://www.globenewswire.com/Tracker?data=knnujepCHpT8L2eR0jNc-HBfTYU3FflKW6MuSInDqMSIuP4pl999NB1XGXaK0PsGkbXVpKzrJp56GoypOrkVrozW-BgxaRSZ-hI3DBmoWvw=">here</a> or by visiting the Events page within the IR section of the company website: <a href="https://www.globenewswire.com/Tracker?data=GM8LXRsyGPBv0kFJdb2Qk-hciDb2iWFpOhdVgEgEwGtz6OwxwvzMfiHjrwGjsKkAW0V2x3laYkcsnZntZwaciIhOrPtJJqfWrquc-Bend9UWTNfAnyUByQd7mq09ypAYrMVgVfmVK1Zl-MEGnJ7VtrdPtI8Z9-jbzUN0JFYUKh4=">investors.completesolar.com/news-events/events</a>.
Complete Solar Chairman and CEO, T.J. Rodgers commented, "Our Q4'24 results are subject to a full-year audit, which is currently in progress and involves historical SunPower financials, a complication that is forecasted to delay our audited Q4'24 results into mid-March. By that time, I want to be talking to investors about Q2'25, only two weeks away, not analyzing 2024 history. That's why we are providing this preliminary, unaudited report which focuses on just Q4'24 and our forecast for Q1'25. The risk of this decision is that the audit process may change some of the results, but probably not revenue, and certainly not the Q1'25 forecast. We have a 57-person finance group comprised of people from two public companies that I trust to report one quarter properly. The Q1'25 forecast is mine.
Rodgers added, "We will give GAAP and non-GAAP results for those quarters with commentary focusing on the non-GAAP results, unless otherwise stated. My philosophy is that "non-GAAP" results should be as close to GAAP results as possible, but without 1) stock earnings charges added onto the dilution impact of share count we already report, 2) amortization of intangible assets, and 3) charges for special one-time events, both negative and positive."
Summary of CSLR's Q4'24 Accomplishments
In our November 13 Third Quarter Report, we presented an operating plan for Complete Solar predicated on our successful $45 million acquisition of business unit assets from SunPower to form a Complete Solar "NewCo" (herein called CSLR). This plan called for two big accomplishments that have now been achieved: 1) that the old-CSLR, a small solar company with little cash and only $5.5 million of prior-quarter revenue, would acquire and integrate assets of the SunPower corporation, which was founded in 1985 and about 10 times bigger than old-CSLR, and 2) that, as we wrote in our Third Quarter Report, "our revenue would be $80 million in Q4'24," the quarter after the asset purchase. This report presents Q4'24 combined company results on a GAAP-compliant basis and certain non-GAAP results and our Q1'25 forecast. The narrative is based on the non-GAAP financial results, unless otherwise noted:
<ul>
<li>The SunPower Integration is substantially complete. On the last day of Q3'24, September 30, we closed the acquisition, six days after a Delaware bankruptcy court approved our asset purchase of three SunPower business units, which have now been substantially integrated (including their MRP systems) into CSLR as its two sole operating divisions, New Homes and Blue Raven Solar. That asset integration raised our headcount from 109 to 1,341 on September 30. Our original target of 1,225 was achieved in December, as shown on the included headcount chart. We raised $80 million on September 24 to fund the $45 million SunPower asset purchase price plus the expected added operating capital required to get to profitability. &nbsp;</li>
<li>Our $81.1 million Q4 revenue beat expectations. CSLR's consolidated revenue for Q4'24 jumped to $81.1 million, up 14.7 times vs. old-CSLR's $5.5 million third quarter revenue on a standalone basis, and beat the $80 million revenue forecasted in our Third Quarter Report. &nbsp;</li>
<li>New Divisional EVP/GMs are in place. We announced the promotion of Blue Raven's Dan Myers as the EVP and GM of the New Homes Division on October 15, 2024 (<a href="https://investors.completesolar.com/news-releases/news-release-details/complete-solar-appoints-solar-industry-veteran-dan-myers">here</a>). And one month ago, we hired veteran operations manager Steve Erickson, who was promoted six times at three Salt Lake "Solar Valley" companies since 2011, to be the EVP and GM of the Blue Raven Solar Division. &nbsp;</li>
<li>We are forecasting revenue growth next quarter. Despite the typical industry seasonality that reduces solar industry revenue by 5%-14% in the Q1 winter quarter, we are forecasting modest quarter-on-quarter revenue growth to $82.0 million in Q1'25. &nbsp;</li>
<li>The Company is almost at its "fighting weight." The combined headcount of the two companies started at 3,499 on October 1 and was reduced by 67% to 1,140 by the end of Q4'24, as shown in the embedded org chart. Our final headcount target for the combined company is 980. &nbsp;</li>
<li>Our operating expense has been cut by a factor of two. The headcount reduction led to a total non-GAAP operating expense reduction from $94.0 in Q3'24 million for the added expenses of the two companies to $35.7 million in Q4'24 for the combined and cost-reduced company. The operating expenses less sales commissions were $84.0 million in Q3'24, down to $19.8 million in Q4'24, a 4x reduction. Our forecast is to drop operating expense less commissions by another 30% in Q1'25.</li>
<li>We are forecasting operating income breakeven in Q1'25. Given our current backlog and cost-cutting plan, we are forecasting non-GAAP operating income at breakeven in Q1'25. &nbsp;</li>
<li>Our cash balance will grow. We finished Q4'24 with $13.3 million in cash, our lowest quarter since raising the $80 million in funding. We plan to grow cash from operations during 2025.</li>
</ul>

Complete Solar Reports Preliminary Q4'24 Results, $81.1M Revenue Surpasses Forecast, SunPower Integration Complete, Headcount Reduced, Operating Expenses Cut; Q1'25 Revenue Projected At $82M With Breakeven Operating Income; Cash Balance Expected To Grow In 2025

<h3>Companies Reporting Before The Bell</h3>
• 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) is estimated to report quarterly earnings at $1.66 per share on revenue of $5.78 billion. 
• United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $1.87 billion. 
• Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) is expected to report quarterly loss at $0.21 per share on revenue of $76.50 million. 
• Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $485.57 million. 
• Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $2.21 billion. 
• FB Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>) is estimated to report quarterly earnings at $0.83 per share on revenue of $131.14 million. 
• KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is projected to report quarterly earnings at $0.32 per share on revenue of $1.75 billion. 
• Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is projected to report quarterly earnings at $1.14 per share on revenue of $57.33 million. 
• Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is projected to report quarterly earnings at $1.38 per share on revenue of $1.94 billion. 
• Guaranty Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNTY#NYSE">GNTY</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $29.49 million. 
• Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $5.13 billion. 
• Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $109.93 million. 
• Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $328.44 million. 
• New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) is expected to report quarterly earnings at $0.33 per share on revenue of $1.06 billion. 
• Community Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $192.78 million. 
• D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is estimated to report quarterly earnings at $2.39 per share on revenue of $7.12 billion. 
<h3>Companies Reporting After The Bell</h3>
• Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $787.50 million. 
• United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is expected to report quarterly earnings at $3.01 per share on revenue of $14.34 billion. 
• SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $44.37 million. 
• Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $208.67 million. 
• Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is likely to report quarterly earnings at $4.20 per share on revenue of $10.13 billion. 
• Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is likely to report earnings for its fourth quarter. 
• Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $211.34 million. 
• Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is projected to report quarterly earnings at $1.82 per share on revenue of $1.37 billion. 
• Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $365.13 million. 
• Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $470.83 million. 
• Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $73.15 million. 
• Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is expected to report quarterly earnings at $1.87 per share on revenue of $2.32 billion. 
• Pathward Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASH#NASDAQ">CASH</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $171.35 million. 
• Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $315.73 million. 
• Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is expected to report quarterly earnings at $1.32 per share on revenue of $55.33 million. 
• Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is projected to report quarterly earnings at $2.49 per share on revenue of $632.53 million. 
• Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) is projected to report quarterly earnings at $2.71 per share on revenue of $10.21 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 21, 2025

<a href="https://www.globenewswire.com/Tracker?data=-c6HQXvPgwyJhef8QBKPYtXoMSezx_AczapRoMVzE2z85M1Eokc0z5tm5MSt2MgpNw0xJu2xIODTmVmnQ-zFjfK1R7BGk6upQqRRS1oI_nQ=">Blue Raven Solar</a> ("BRS") a division of <a href="https://www.globenewswire.com/Tracker?data=UcmXjk6PMAOOyL86aJLnbkyb9v56a--yVUQjRXkLYum1t_eULtH1DP6Mfh7yc4oM_HcTDCjqzIjd5jyUa3AxfxHV7j_ISBj6iSNGgCn8gaTL-HqxdFDt1GQ_D5Yy-bu9">Complete Solar Holdings, Inc.</a> ("Complete Solar" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>), is pleased to announce it has signed an installation sales agreement with Sunder Energy ("Sunder"), one of the largest residential sales companies in the US. Sunder sells solar in 48 states, executing approximately 12,000 solar installations per year, generating estimated revenue of $400 million annually for residential installers.

Complete Solar's Blue Raven Announces It Has Signed An Installation Sales Agreement With Sunder Energy, One Of The Largest Residential Sales Companies In The US. Sunder Sells Solar In 48 States, Executing ~12,000 Solar Installations Per Year, Generating Estimated Revenue Of $400M Annually For Residential Installers

Cantor Fitzgerald analyst Derek Soderberg reiterates Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) with a Overweight and maintains $6 price target.

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Cantor Fitzgerald Reiterates Overweight on Complete Solaria, Maintains $6 Price Target

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Bakkt Holdings, Inc. Class A Common Stock

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Earnings Scheduled For November 13, 2024

Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) will release its quarterly earnings report on Wednesday, 2024-11-13. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Complete Solaria to report an earnings per share (EPS) of $-0.04.
Investors in Complete Solaria are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

<h3>Performance of Complete Solaria Shares</h3>
Shares of Complete Solaria were trading at $1.86 as of November 11. Over the last 52-week period, shares are up 77.07%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CSLR/earnings">To track all earnings releases for Complete Solaria visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of Complete Solaria's Earnings

Complete Solar Sees Prelim. Q3 Revenue $117.3M

<h3>Gainers</h3>
<ul>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock moved upwards by 20.9% to $0.58 during Friday's after-market session. The market value of their outstanding shares is at $9.4 million. </li>
<li>Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) shares increased by 4.35% to $0.17. The company's market cap stands at $23.5 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock rose 2.55% to $0.16. The company's market cap stands at $15.3 million. </li>
<li>Ultralife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) stock moved upwards by 2.07% to $9.35. The market value of their outstanding shares is at $155.4 million. </li>
<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) stock rose 1.89% to $2.08. The market value of their outstanding shares is at $13.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares decreased by 6.3% to $0.64 during Friday's after-market session. The company's market cap stands at $16.3 million. </li>
<li>noco-noco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) shares decreased by 5.55% to $0.1. The company's market cap stands at $18.4 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) stock declined by 5.11% to $0.84. The market value of their outstanding shares is at $16.6 million. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares declined by 4.71% to $2.23. The market value of their outstanding shares is at $141.8 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) shares decreased by 4.27% to $0.88. The market value of their outstanding shares is at $39.4 million. </li>
<li>Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) shares declined by 4.21% to $0.57. The company's market cap stands at $3.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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11 Industrials Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) stock increased by 55.4% to $0.18 during Thursday's pre-market session. The company's market cap stands at $1.5 million. </li>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) stock increased by 16.17% to $2.55. The company's market cap stands at $13.8 million. </li>
<li>Stardust Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) stock increased by 13.82% to $8.15. The company's market cap stands at $388.7 million. </li>
<li>Lucas GC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCL#NASDAQ">LGCL</a>) shares moved upwards by 7.46% to $1.08. The market value of their outstanding shares is at $85.9 million. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares rose 6.97% to $2.65. The company's market cap stands at $168.7 million. </li>
<li>Primech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>) shares rose 4.97% to $0.79. The market value of their outstanding shares is at $30.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) shares fell 12.3% to $0.64 during Thursday's pre-market session. The market value of their outstanding shares is at $8.1 million. </li>
<li>Quhuo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>) stock declined by 10.72% to $1.25. The market value of their outstanding shares is at $112.1 million. </li>
<li>XCHG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) stock declined by 6.2% to $13.62. The market value of their outstanding shares is at $807.9 million. </li>
<li>Addentax Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXG#NASDAQ">ATXG</a>) shares fell 5.87% to $0.64. The company's market cap stands at $3.8 million. </li>
<li>Full Truck Alliance Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YMM#NYSE">YMM</a>) stock declined by 5.83% to $9.22. The market value of their outstanding shares is at $9.6 billion. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares declined by 5.31% to $0.12. The company's market cap stands at $3.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATXG

IPDN

LGCL

NMHI

PEGY

PMEC

SDST

12 Industrials Stocks Moving In Thursday's Pre-Market Session

<a href="https://www.globenewswire.com/Tracker?data=N1dNOLy-9C5YLX0G4kO-JUsH0Q5SfABTbARyhjsK9MEYf-Sc8s6IcDs3ZI0yXf7zQQAaoYx0C6CP00CZLjl1Bjau1Ov_JImovOzRGoFs_037wIoVP42uUyZdKQ4V9U9d">Complete Solar Holdings, Inc.</a> d/b/a Complete Solar ("Complete Solar" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>), a solar technology, services, and installation company, today announced that the United States Bankruptcy Court for the District of Delaware has approved the going concern sale of substantially all assets of the Blue Raven, New Homes and Dealer businesses of SunPower Corporation and certain of its affiliates to Complete Solar for $45 million in cash. The sale is expected to close on or before Monday, September 30, 2024, at which time SunPower businesses, the SunPower brand, and about 1,000 employees will become part of Complete Solar, the temporary name of SunPower during this transition. &nbsp;
T.J. Rodgers, Complete Solar's CEO, commented "This is a pivotal moment in the history of SunPower, one of the most storied US solar companies. The dark cloud currently hanging over the US solar industry will not bring SunPower's demise. And when that cloud recedes – as it must, since only 3.7% of American homes have solar power in an age when solar energy has literally become cheaper than fossil fuel energy – the New SunPower will re-emerge as a lean and competitive American-owned company with a national footprint.

Legal

Complete Solar Gets U.S. Bankruptcy Court For The District Of Delaware Approval To Acquire SunPower's Blue Raven, New Homes, And Dealer Businesses For $45M In Cash, Adding 1,000 Employees; Sale Expected To Close By September 30, 2024

WIIM

Complete Solaria shares are trading higher after the company announced it won the bid in the SunPower Chapter 11 proceedings.

Complete Solaria Wins Bid In SunPower Chapter 11 Proceedings

<a href="https://www.globenewswire.com/Tracker?data=gzxDySfcoxXdpF-FSZTMt_Mx3p1MBATns5gsvfqlKPrUttwlT3a9E4tlwxERninDwcUr2xoVr9O2bH4RWeVWJNksYPAoXxCq4E4fgNk5gP0=">Complete Solaria, Inc</a>. (now renamed "Complete Solar" or the "Company," for more information please click <a href="https://www.globenewswire.com/Tracker?data=KDrkqbuY9Rqq5Hr_NCY587kPNjUdANIEn4RoJ1eSvrlDvre_m21UCD_4Iz3HlgtVB45Naczi6JOyd5I9591ktCQ8-ekkoBT3Rw4TjR3VJ8vLGzT5RfSGh9bY4q5JQopmXF9VlbMkYKWdG3seHpfAZ7qTAs0-Z3D8YVgQn5abGbM=">here</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) published its Q2'24 results to be presented via webcast today, August 14, 2024 at 5:00 p.m. EDT. Interested parties may access the webcast by registering <a href="https://www.globenewswire.com/Tracker?data=KDrkqbuY9Rqq5Hr_NCY58-dbrqi5qbGFtc9ItxLuLSuKO7sKVczhzwBgoCLVx-IcM_9frXuIXZ68rp2cEL7GnVXS5de0JUch06g44qd2QCc=">here</a> or by visiting:&nbsp;<a href="https://www.globenewswire.com/Tracker?data=nJW7pkOMhbXLH_lTjAyhdpQmlFqmyewQLVwwEA3b_L9ytrCtSfVp1sFQAqfrG_kOVHxg4YsDu4CWeH-kvl0TxOSmsraNio7yR0_pJY0IQWvc_xz9qzU6ZcfETnZvjSmbgxJrpgDt1qJrAtK3gKAbpPYIVo8A7jwFjUipOuwbiNpv8s7cbuKxrZ5sy9ZpehNnt6OMnLCRFVcnL2JhP8f9nbXJtx3YBsGDlQN7dlbt1arBZGT0bU6xeZ6viSoKSgrzvHGZncmG3ui82mxStOl8IDu887Zfvy6HOXn09QTh3tkI4RzXS67OGm0bkoYmbFhmFphTujU67i0rEWeSq7du_EgAO_Aj44zO4Yih2l-dq7fjiu5hD8YI4yhGWOZbHQ1rentBPyKi2rRRCR5nHRVuFbQeliPEAu2gBOSbzXdB-iQ=">https://investors.completesolaria.com/news-events/events</a>.
Q2'24 actuals and Q3'24 forecasts (based on non-GAAP results unless noted) are as follows:
<ul>
<li>SunPower is seeking to have Complete Solar designated as the stalking horse in its Chapter 11 bankruptcy APA with a $45 million bid for certain assets. The hearing to approve the stalking horse motion is scheduled for August 29, before the U.S. Bankruptcy Court in Delaware, with the likely closing of the sale by the end of Sept. 2024</li>
<li>In order to stabilize the SunPower business, Complete Solar's bid also will assume certain liabilities, including up to $7.2 million for the SunPower New Homes business</li>
<li>Retention employment offers (contingent on executing the APA) were made to a group of SunPower New Homes employees</li>
<li>As previously discussed, the Company's Q2'24 revenue was low, only $4.5 million, due to a near-total lack of working capital which limited operations for most of Q2</li>
<li>In response, the Company raised $46 million in a July 2024 convertible debenture offering that provided working capital and paid off all long-term debt and critical overdue accounts</li>
<li>When the total elimination of the private equity debt was announced on July 1, the Company's stock (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) traded up 32.1% on a record 132.6 million shares</li>
<li>Q2'24 non-commission opex reached a two-year low of $4.4M (peak Q2'23, $12.9M)</li>
<li>37 Core Energy employees have been integrated into the Company</li>
</ul>

SunPower Seeks To Have Complete Solar Designated As The Stalking Horse In Its Chapter 11 Bankruptcy APA With A $45M Bid For Certain Assets

SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares are trading lower Tuesday. The company announced it received a Nasdaq <a href="https://www.benzinga.com/pressreleases/24/08/n40325660/sunpower-announces-nasdaq-delisting-notification">delisting notification on Monday.</a>
The Details:
The delisting is a result of SunPower&#8217;s failure to demonstrate compliance with Nasdaq Listing Rules after filing voluntary petitions for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code and failure to file periodic financial reports.
Trading in the company&#8217;s stock on Nasdaq will be suspended on Aug. 16, 2024. As a result, the company&#8217;s common stock is expected to commence trading on the Pink Open Market, commonly referred to as the &#8220;pink sheets."
Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40325158/buzzfeed-stock-soars-after-q3-results-heres-why">BuzzFeed Stock Soars After Q2 Results: Here&#8217;s Why</a>
Last week, the struggling solar company filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware and disclosed an <a href="https://www.benzinga.com/markets/equities/24/08/40195054/sunpower-files-for-bankruptcy-seeks-buyer-for-key-assets">asset purchase agreement</a> with Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) in which Complete Solaria will acquire SunPower's Blue Raven Solar business, New Homes business, and non-installing Dealer network.
<h2 class="wp-block-heading">Should I Sell My SPWR Stock? </h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of SunPower have lost 97.55% year to date. This compares to the average annual return of -79.35%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. SunPower stock currently has an RSI of 8.05, indicating oversold conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
SPWR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, SunPower shares are down 13% at 17 cents at the time of publication Tuesday.
Read Also:
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<li><a href="https://www.benzinga.com/news/24/08/40317625/why-jetblue-airways-stock-is-falling-sharply">Why JetBlue Airways Stock Is Falling Sharply</a></li>
</ul>
Image: Shutterstock

Penny Stocks

SPWR

What's Going On With SunPower Stock Ahead Of Delisting?

SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares are trading lower after the company disclosed an asset purchase agreement with Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>), where Complete Solaria will acquire SunPower&#8217;s Blue Raven Solar business, New Homes <a href="https://www.benzinga.com//node/40176928">business, and non-installing Dealer network.</a>
Under the APA, pending Court approval, Complete Solaria will acquire the assets and assume certain liabilities for $45 million in cash.
Simultaneously, SunPower and its subsidiaries filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, allowing other parties to submit competing bids for its assets.
SunPower seeks Court approval to finalize the deal by mid to late September and plans to continue <a href="https://www.benzinga.com//node/40187631">selling its remaining assets under Section 363 of the U.S. Bankruptcy Code.</a>
SunPower has requested Court approval to use prepetition cash collateral for funding operations and administrative expenses during Chapter 11.
The company is filing motions to ensure it can meet employee obligations and expects these requests to be approved. After an expedited sale process, SunPower plans to liquidate remaining assets and wind down operations efficiently.
Tom Werner, Executive Chairman at SunPower said, &#8220;In light of the challenges SunPower has faced, the proposed transaction offers a significant opportunity for key parts of our business to continue our legacy under new ownership.&#8221;
&#8220;We are working to secure long-term solutions for the remaining areas of our business, while maintaining our focus on supporting our valued employees, customers, dealers, builders, and partners.&#8221;
Last month, SunPower shares took a hit after the company informed clients it was halting product shipments and<a target="_blank" href="https://www.benzinga.com/news/24/07/39891006/sunpower-stock-attempts-to-bounce-back-whats-going-on" rel="noreferrer noopener"> deactivating lease and power purchase agreements</a>.
Price Action: SPWR shares are down 22.5% at $0.6260 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39848987/sunpower-shares-plummet-amid-operational-pauses-analyst-downgrade" target="_blank" rel="noreferrer noopener">SunPower Shares Plummet Amid Operational Pauses, Analyst Downgrade</a></li>
</ul>

Asset Sales

SunPower Files For Bankruptcy, Seeks Buyer For Key Assets

Complete Solaria shares are trading higher after the company announced that it received a "Stalking Horse" position in the SunPower Chapter 11 bankruptcy.

Complete Solaria Received A Coveted "Stalking Horse" Position In The SunPower Chapter 11 Bankruptcy, Discusses Acquisition Opportunity

06:09 EST Complete Solaria (CSLR) files $75M mixed securities shelf Published first on TheFly – the ultimate source for real-time, market-moving br...

Complete Solaria files $75M mixed securities shelf

Complete Solaria files to sell 12.4M shares of common stock for holders

Sees being operating income breakeven in 1Q25. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news...

Complete Solaria sees Q1 revenue $82M, one estimate $90M

An announcement from Complete Solaria ( ($CSLR) ) is now available. Complete Solaria reported its preliminary unaudited financial results for Q4 20...

Complete Solaria Reports Strong Q4 2024 Financial Results

08:54 EST Complete Solaria (CSLR) reports preliminary Q4 revenue $81.1M, two est. $76.5M Published first on TheFly – the ultimate source for real-t...

Complete Solaria reports preliminary Q4 revenue $81.1M, two est. $76.5M

Complete Solaria reports Q4 results

Complete Solaria Inc ( ($CSLR) ) has released its Q4 earnings. Here is a breakdown of the information Complete Solaria Inc presented to its investo...

Complete Solaria Reports Strong Q4 Growth and SunPower Integration

Complete Solaria, Inc. (CSLR) Q4 2024 Earnings Call Transcript

An update from Complete Solaria ( ($CSLR) ) is now available. On January 24, 2025, Complete Solaria's Board of Directors expanded from nine to ten ...

Complete Solaria Expands Board Amid Successful Q4 2024

Complete Solaria Inc (($CSLR)) has held its Q4 earnings call. Read on for the main highlights of the call. Complete Solaria Inc., a company navigat...

Complete Solaria's Earnings Call: Growth Amid Challenges

CSLRW

Press Releases

Complete Solar is Winning Bidder in SunPower Chapter 11 Proceedings

Court Approves Complete Solar Purchase of SunPower Assets

Complete Solar Appoints Solar Industry Veteran Dan Myers Executive Vice President of New Homes Division

Complete Solar to Report Third Quarter Financial and Operational Results on November 13, 2024

Complete Solar Announces Preliminary Q3'24 Results

Correction: Complete Solar Announces Preliminary Q3'24 Results

Complete Solar Third Quarter Report

Contracts

Complete Solar's Blue Raven Signs Installation Agreement with Sunder Energy

Complete Solar to Report Fourth Quarter and Full Year 2024 Results on January 21, 2025

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