SunPower Brand Changes Hands!

SunPower, once one of the largest photovoltaic companies in the United States, will soon be taken over and restarted by Complete Solaria after filing for bankruptcy in 2024.

Complete Solar will be renamed SunPower

TJ Rodgers, chairman and CEO of Complete Solar, the company behind the Complete Solaria brand, recently announced: "We will finally use the SunPower brand name, allowing our shareholders to benefit from this oldest and most well-known photovoltaic brand in Silicon Valley, which was founded in 1985. We are in the process of officially changing the company name to SunPower and changing the Nasdaq stock code to SPWR." Currently, Complete Solar's stock code on Nasdaq is CSLR.

SunPower Corporation focused on the residential photovoltaic market in the early days, but it struggled under the impact of the high-interest-rate environment. The company announced a cost-cutting plan in 2023, including layoffs, and sold some of its assets, including Blue Raven Solar, to Complete Solaria for $45 million in 2024, while filing for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.

Complete Solar has become the fifth-largest residential photovoltaic company in the United States, with outstanding financial performance after the merger

Complete Solar plans to announce its 2024 financial results on April 23, 2025. After acquiring SunPower-related assets, the company has achieved quarterly revenue of more than $80 million for two consecutive quarters, and Complete Solar will disclose further details in the financial report.

Rodgers said: "These operating data will establish the new CSLR's market position - annualized revenue exceeds $300 million, ranking fifth in the U.S. residential photovoltaic installation market. In this market, only SunRun and Freedom Forever currently have revenues of more than $1 billion. We will also show that CSLR has achieved profitability in terms of operating profit and cash flow."