SunPower Inc. Common Stock
SPWRComplete Solaria, Inc. (SPWR) is a leading provider of solar power products and solutions. The company designs, develops, and manufactures high-performance solar modules and systems for residential, commercial, and utility-scale applications. Known for its innovative technology and efficient manufacturing processes, Complete Solaria aims to advance renewable energy adoption globally.
Company News
SunPower Inc. (NASDAQ: SPWR) announced it has signed a non-binding letter of intent to acquire Cobalt Power Systems, a Mountain View, California-based solar company with $35 million in revenue and 96 employees. The all-equity transaction will see Cobalt operate as a standalone subsidiary under SunPower, leveraging SunPower's sales force and corpo...
SunPower received a Nasdaq deficiency notice for failing to timely file its Q3 Form 10-Q quarterly report, with 60 days to submit a compliance plan.
Lux Financial aims to offset $2 billion in tax equity through renewable energy investments, leveraging a technology platform that provides transparent, real-time investment tracking for clients seeking to reduce tax liabilities.
U.S. stocks closed lower on Friday, with the Dow Jones Industrial Average down 0.93%. Losses were seen in the Consumer Goods, Oil & Gas, and Technology sectors.
SunPower stock has plummeted around 90% in the last 12 months after the company notified dealers that it will no longer provide support for new leases, installations, or product shipments. Analysts believe this is due to SunPower's weakened cash flow and balance sheet, as well as its inability to raise capital.
