Complete Solaria (SPWR) AI Stock Analysis

• Market Cap: $131.65M
• Dividend Yield: N/A
• Average Volume (3M): 1.44M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.03
• Revenue Growth: 227.76%
• EPS Growth: 78.03%
• Country: US
• Employees: 600
• Sector: Technology
• Sector Strength: 94
• Industry: Solar
• EPS (TTM): 0.01
• Shares Outstanding: 80,272,255
• 10 Day Avg. Volume: 890,291
• 30 Day Avg. Volume: 1,439,612
• PEG Ratio: N/A
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: >-0.01
• Enterprise Value/Market Cap: 1.95
• Enterprise Value/Revenue: 0.21
• Enterprise Value/Gross Profit: 6.51
• Enterprise Value/Ebitda: -1.27
• 1Y Price Target: $1.50
• Price Target Upside: -13.29% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 56 Neutral
• Price Target: $2.00 ▲(15.61%Upside)

The stock's score reflects the company's struggle with financial stability despite a recent profit turnaround. While technical indicators and strategic changes offer positive signals, valuation concerns and operational challenges weigh heavily on the overall score.

Complete Solaria Business Overview & Revenue Model

Company Description

Complete Solaria (SPWR) is a prominent player in the renewable energy sector, primarily focusing on the development, manufacturing, and distribution of solar energy products. The company specializes in providing high-efficiency solar panels and comprehensive solar energy solutions to residential, commercial, and industrial markets. With a commitment to sustainability and innovation, Complete Solaria aims to facilitate the transition to clean energy by offering reliable and cost-effective solar technologies.

How the Company Makes Money

Complete Solaria generates revenue through the sale of solar panels and related solar energy solutions. The company's key revenue streams include direct sales to residential and commercial clients, as well as partnerships with solar installers and energy providers. By leveraging its advanced solar technology and extensive distribution network, Complete Solaria capitalizes on the growing demand for renewable energy sources. Additionally, strategic collaborations with industry leaders and government initiatives supporting clean energy adoption contribute significantly to its earnings.

Complete Solaria Financial Statement Overview

Summary

Complete Solaria shows strong revenue growth but faces significant challenges in profitability and liquidity. The company is heavily leveraged with negative equity, posing risks to financial stability.

Income Statement

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

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

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.

Breakdown	Dec 2024	Dec 2023
Income Statement
Total Revenue	108.74M	87.62M
Gross Profit	39.50M	17.79M
EBITDA	-35.48M	-81.25M
Net Income	-56.45M	-269.56M
Balance Sheet
Total Assets	144.47M	47.32M
Cash, Cash Equivalents and Short-Term Investments	13.38M	2.59M
Total Debt	153.06M	63.21M
Total Liabilities	242.00M	124.14M
Stockholders Equity	-97.54M	-76.81M
Cash Flow
Free Cash Flow	-55.82M	-60.59M
Operating Cash Flow	-54.66M	-58.61M
Investing Cash Flow	-54.66M	6.17M
Financing Cash Flow	120.10M	50.42M

Complete Solaria Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.73
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPWR, the sentiment is Neutral. The current price of 1.73 is below the 20-day moving average (MA) of 1.77, below the 50-day MA of 1.75, and below the 200-day MA of 1.82, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 8.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SPWR.

Complete Solaria Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	59 Neutral	€3.08B	11.65	-8.77%	2.80%	5.08%	-50.65%
FTCI	58 Neutral	$71.09M	―	-123.52%	―	-43.69%	12.75%
SPWR	56 Neutral	$131.65M	―		―	227.76%	78.03%
SOL	55 Neutral	$98.54M	―	-1.63%	―	-19.52%	64.89%
TYGO	54 Neutral	$81.86M	―	-200.49%	―	-39.94%	-38.95%
SMXT	41 Neutral	$51.67M	―		―	-48.65%	13.64%
ZEO	39 Underperform	$109.95M	―	-9.81%	―	207.24%	61.40%

Complete Solaria Corporate Events

Complete Solaria Issues $5M Convertible Promissory Note

On July 10, 2025, Complete Solaria, Inc. issued a $5 million convertible promissory note to a trust controlled by its CEO, Thurman J. Rodgers. The note, which bears a 12% interest rate and matures in 2029, is convertible into common stock and includes provisions for redemption and events of default, potentially impacting the company’s financial strategy and stakeholder interests.

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.

Complete Solaria Elects New Board at Annual Meeting

Complete Solaria, Inc. held its 2025 Annual Meeting of Stockholders on May 29, 2025, where several key decisions were made. The stockholders elected a new board of directors to serve until the 2026 meeting, ratified BDO USA, P.C. as the independent accounting firm for the fiscal year ending December 28, 2025, and approved an amendment to the 2023 Equity Incentive Plan to reserve additional shares for issuance.

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.

Complete Solaria Holds 2025 Annual Stockholders Meeting

During the 2025 Annual Meeting of Stockholders held on May 29, 2025, Complete Solaria, now known as SunPower, discussed and voted on several key proposals. The stockholders elected eleven directors, ratified BDO as the accounting firm, and approved an amendment to the 2023 Equity Incentive Plan to reserve additional shares. CEO T.J. Rodgers addressed the potential impacts of ITC issues on the company’s revenue, indicating confidence in maintaining profitability even if revenues dip slightly due to these challenges.

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.

Complete Solaria Receives Nasdaq Deficiency Notification

On April 28, 2025, Complete Solaria received a deficiency notification from Nasdaq due to a delay in filing its 2024 Annual Report, which was eventually submitted on April 30, 2025. The delay required additional auditing time, but there was no penalty or impact on shareholders, and the company has 60 days to regain compliance with Nasdaq’s listing requirements.

SunPower Achieves First Profitable Quarter in Years

SunPower, after rebranding from Complete Solaria, reported its first profitable quarter in four years with a Q1 2025 revenue of $80.2 million and an operating profit of $1.3 million. The company achieved this milestone following significant cost-cutting measures, including reducing its workforce from 3,499 to 906 employees, and strategic hires to strengthen its technological capabilities. The rebranding coincided with the company’s first profitable quarter in four years, marking a significant turnaround in its financial performance. SunPower’s strategic partnership with Sunder and the strengthening of its board with experienced directors are expected to support its growth and market recognition.