Ultime notizie per Complete Solaria (NASDAQ:CSLR) Azioni

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

<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.

Movers

ATXG

CSLR

HYZN

IPDN

LGCL

NMHI

PEGY

PMEC

SDST

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

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.

News

Price Target

Reiteration

Analyst Ratings

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

<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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</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:
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<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>

Equities

Asset Sales

Small Cap

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

<ul>
<li>Files voluntary Chapter 11 petitions to effectuate the proposed transaction</li>
<li>Intends to operate Blue Raven Solar and New Homes through the Chapter 11 process</li>
<li>Pursues value-maximizing sale transactions for remaining assets</li>
</ul>
&nbsp;

Reported Earlier, SunPower Announces $45M Asset Sale To Complete Solaria, Files Chapter 11 To Maximize Asset Value

Financing

Complete Solar Raises $10M From Chinese Energy Company

Complete Solar Acquires Core Energy; Financial Terms Not Disclosed

<h3>Gainers</h3>
<ul>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock moved upwards by 57.2% to $0.21 during Thursday's pre-market session. The company's market cap stands at $13.9 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) shares moved upwards by 13.86% to $1.56. The company's market cap stands at $64.2 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) shares rose 9.84% to $0.82. The market value of their outstanding shares is at $50.1 million. </li>
<li>Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) stock increased by 7.44% to $0.33. The market value of their outstanding shares is at $37.1 million. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACO#NASDAQ">CACO</a>) shares moved upwards by 7.16% to $0.47. The company's market cap stands at $24.9 million. </li>
<li>Art's-Way Manufacturing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARTW#NASDAQ">ARTW</a>) stock rose 7.14% to $1.65. The market value of their outstanding shares is at $8.3 million. The company's, Q2 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Shapeways Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) shares declined by 68.1% to $0.23 during Thursday's pre-market session. The company's market cap stands at $1.4 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares decreased by 21.46% to $0.37. The company's market cap stands at $32.1 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock declined by 10.51% to $0.46. The company's market cap stands at $27.3 million. </li>
<li>Sunrise New Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EPOW#NASDAQ">EPOW</a>) stock decreased by 9.44% to $0.75. The market value of their outstanding shares is at $19.6 million. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) stock decreased by 5.68% to $1.33. The company's market cap stands at $65.2 million. </li>
<li>TOMI Environmental Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) shares decreased by 5.01% to $0.75. The market value of their outstanding shares is at $14.9 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AQMS

ARTW

CACO

DFLI

Sunrise New Energy Co., Ltd - Ordinary Shares

EPOW

MESA

OPTT

SHPW

TOMZ

ZCAR

Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares are trading higher Monday after the company announced it has eliminated $67.6 million of<a href="https://www.benzinga.com/pressreleases/24/07/g39571062/complete-solaria-eliminates-67-6-million-of-private-equity-debt"> its private equity debt.</a>
The Details:
Complete Solaria announced it had canceled $67.6 million in debt from its balance sheet and been released from its obligations under that debt by its two private equity providers, Carlyle and Kline Hill Partners.
On May 15, 2024, the company announced that it had signed an agreement with Carlyle to set aside all of its financial claims in return for $10 million in cash. Complete Solaria announced an equivalent deal with Kline Hill Partners for $8 million Monday.&nbsp;
The company also announced the investment by T.J. Rodgers has been increased from $10 million to $18 million to fund both private equity settlement deals.
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&#8220;The reason for this press release is to announce that Complete Solaria is free of all of its prior private equity debt obligations, and that we have eliminated $67.6 million of long-term debt from our balance sheet,&#8221; commented T.J. Rodgers, CEO of Complete Solaria.&nbsp;
<h2 class="wp-block-heading">How To Buy CSLR Stock:</h2>
By now you're likely curious about how to participate in the market for Complete Solaria &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Complete Solaria, which is trading at $1.58 as of publishing time, $100 would buy you 63.29 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
CSLR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Complete Solaria shares are up 47.3% at $1.65 at the time of publication Monday.
Read Also:
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</ul>
Image: mariana-proenca from Unsplash

Why Complete Solaria Stock Is Rising

CHWY: 29% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39570165">Chewy shares are rising after &#39;Roaring Kitty&#39; Keith Gill discloses 6.6% passive stake in 13G filing.</a>
CSLR: 87% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39571385">Complete Solaria Announces $67.6M Debt Cancellation and $18M Investment</a>
NIO:&nbsp;7% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39569750">Nio Delivered 21,209 Vehicles In June 2024, Up By 98.1% YoY, It Delivered 57,373 Vehicles In Q2, Up By 143.9% YoY</a>

Trading Ideas

CHWY

Market-Moving News for July 1st

Complete Solaria shares are trading higher after the company announced that it eliminated $67.6 million of its private equity debt.

&nbsp;<a href="https://www.globenewswire.com/Tracker?data=CfT0SaER38znAUwYfYVJ3ovJBsJikoMYROYgDUf2xGApBA5qWMGtzW_rrJi2a90Sq3SEt5Q7RriBKhgC0K2_NMr_NvVq-DKlWA9UIxB6scE=" target="_blank">Complete Solaria, Inc</a>. (&quot;Complete Solaria&quot; or the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>), a leading solar technology, services, and installation company, today announced that it had cancelled&nbsp;$67.6 million&nbsp;in debt from its balance sheet and been released from its obligations under that debt by its two private equity (PE) providers, Carlyle and Kline Hill Partners. 
&nbsp;
On May 15, 2024, the Company announced that it had signed an agreement with Carlyle to set aside all of its financial claims in return for&nbsp;$10 million&nbsp;in cash. Today, we announce an equivalent deal with Kline Hill Partners for&nbsp;$8 million.
On June 17, 2024, the Company announced that T.J. Rodgers had funded the&nbsp;$10 million&nbsp;payment to Carlyle by purchasing a convertible debenture security from the Company through Cantor Fitzgerald &amp; Company. Today, we announce that the investment by T.J. Rodgers has been increased from&nbsp;$10 million&nbsp;to&nbsp;$18 million&nbsp;to fund both private equity settlement deals.

Complete Solaria Announces $67.6M Debt Cancellation and $18M Investment

<a href="https://www.globenewswire.com/Tracker?data=5zxrYrwVoFvPhhfyXyec-haFiTXM5iUtoQI-I2dUX-waa4oeVRTYqTWXhzeg_k5dSQmfhIARpjnQ9ps9CL8XTeaBr4pvYs_UJQBednjyuoU=">Complete Solaria, Inc</a>. ("Complete Solaria" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>), a leading solar technology, services, and installation company, today announced a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended, of $10 million Convertible Senior Notes to an entity affiliated with Thurman J. Rodgers, Chief Executive Officer of CSLR (the "TJR Notes"). &nbsp;
Cantor Fitzgerald &amp; Co. served as Sole Financial Advisor to Complete Solaria and Cooley LLP acted as legal counsel to the Company in connection with the transaction, whose terms are summarized below:&nbsp;
Standard Rule 144A terms. The notes will be convertible at the option of the holder, into common stock of CSLR and will contain all general customary investor protections found within Rule 144A convertible securities.
12% coupon, 5-year term. The notes will be general senior unsecured obligations of the Company and will accrue an interest payable semi-annual in arrears at a rate of 12% per year. The notes will mature July 1, 2029 unless earlier converted, redeemed or repurchased.
$2.00 conversion price, an approximate 33% conversion premium. The initial conversion rate is 500 shares of CSLR common stock per $1,000 principal amount of Notes, equivalent to an initial conversion price of $2.00 per share, which represents a conversion premium of approximately 33% to the agreed upon reference price of CSLR's common stock on the Nasdaq Global Market, currently about $1.50 per share.
Soft calls: $3.00 July 2027; $2.60 July 2028. The Company may not redeem the notes prior to July 5th, 2026, thereafter until July 1, 2027&nbsp;subject to the share price trading at $3.00 per share&nbsp;for 20 out of 30 consecutive trading days.&nbsp;Then from July 1, 2028 until&nbsp;maturity, subject to the share price trading at $2.60 per share&nbsp;for 20 out of 30 consecutive trading days.
Additional participation. Thurman J. Rodgers and the Company have agreed to a multilateral 90-day right, to offer up to $10 million of additional notes to any interested parties on identical terms and conditions as the TJR Notes.

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Complete Solaria, Inc. 2024 Q2 - Results - Earnings Call Presentation

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Complete Solaria (NASDAQ:<a href="https://investorplace.com/stock-quotes/cslr-stock-quote/">CSLR</a>) just reported results for the second quarter of 2024.<ul><li>Complete Solaria reported earnings per share of -23 cents.</li><li>The company reported revenue of $4.49 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/cslr-stock-earnings-complete-solaria-for-q2-of-2024/">CSLR Stock Earnings: Complete Solaria Reported Results for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CSLR Stock Earnings: Complete Solaria Reported Results for Q2 2024

Complete Solaria, Inc. (CSLR) Q2 2024 Earnings Call Transcript

Cantor Fitzgerald analyst Derek Soderberg reiterated a Buy rating on Complete Solaria (CSLR – Research Report) yesterday and set a price target of ...

Cantor Fitzgerald Remains a Buy on Complete Solaria (CSLR)

Bankrupt SunPower wins judge's OK to sell assets to Complete Solaria

Complete Solaria ( ($CSLR) ) has provided an update. Complete Solar, Inc. has emerged as the victorious bidder in SunPower's asset auction, part of...

Complete Solaria Wins Bid for SunPower's Assets

Complete Solaria's Strategic Pivot Makes It An Attractive Solar Stock (Rating Upgrade)

TOYO: U.S. Expansion Plans Create Investment Appeal

An update from Complete Solaria ( ($CSLR) ) is now available. Complete Solaria, Inc. has finalized a significant asset purchase agreement with SunP...

Complete Solaria Expands Portfolio with SunPower Assets Acquisition

CSLRW

FSLR

MAXN

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TOYO

Press Releases

Complete Solaria Eliminates $67.6 Million of Private Equity Debt

Complete Solar Acquires Core Energy

Complete Solar Raises $10 Million from Chinese Energy Company

Commodities

SunPower Announces Stalking Horse Asset Purchase Agreement with Complete Solaria to Sell Blue Raven Solar, New Homes, and its Non-Installing Dealer Network

Complete Solaria Discusses SunPower Acquisition Opportunity

Complete Solaria to Report Second Quarter Financial and Operational Results on August 14, 2024

Earnings

SunPower Seeks to Designate Complete Solar as Stalking Horse in Its Bankruptcy Asset Purchase Agreement (APA)

Complete Solar Raises $40.5 Million for SunPower Asset Acquisition

Complete Solar is Winning Bidder in SunPower Chapter 11 Proceedings

Court Approves Complete Solar Purchase of SunPower Assets

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