Once one among the largest solar PV companies in the US that filed for bankruptcy in 2024, the name SunPower is set to return as Complete Solaria rebrands itself using this legacy name.
TJ Rodgers, the Chairman and CEO of Complete Solar, the brand name of Complete Solaria, recently announced, “Finally, we are going to use our SunPower brand name, so our shareholders can benefit from the name of the oldest and most famous Silicon Valley solar company founded 40 years ago in 1985. We are in the process of formally changing our name to SunPower and our stock market ticker symbol to SPWR.” Currently, Complete Solar is listed on the Nasdaq as CSLR.
SunPower Corporation, as it was known earlier, focused solely on residential solar, which did not work for it, especially as high interest rates hit the market. It announced cost-cutting measures in 2023. It was forced to sell some of its assets, including its Blue Raven Solar Business, to residential solar installer and financier Complete Solaria for $45 million and filed for bankruptcy protection under Chapter 11 (see SunPower Corporation & Subsidiaries File For Bankruptcy Protection Under Chapter 11).
Complete Solar is set to present its 2024 financial results on April 23, 2025, wherein it will provide details of its 2 complete ‘$80 million-plus’ quarters after the SunPower acquisition.
“These results establish the “New” CSLR as a $300 million-plus annualized residential solar installer, ranked fifth in that market, in which only two companies have over $1 billion in revenue, SunRun and Freedom Forever. The financials will also demonstrate that CSLR is now both profitable on operating income and cashflow positive,” added Rodgers.