SunPower, once a leading U.S. solar company, filed for bankruptcy in 2024, but its brand is set for a revival under CompleteSolaria. The company behind the CompleteSolaria brand, CompleteSolar, will rebrand itself as SunPower, its chairman and CEO TJ Rodgers announced.
“We are finally adopting the SunPower name to allow our shareholders to benefit from one of Silicon Valley’s oldest and most recognized solar brands, founded in 1985,” Rodgers said. “We are formally changing our company name to SunPower and updating our Nasdaq ticker symbol to SPWR.” CompleteSolar currently trades under the symbol CSLR.
SunPower Corporation, which initially focused on residential solar markets, struggled amid high interest rates. The company announced layoffs and cost-cutting measures in 2023 before selling assets—including BlueRavenSolar—to CompleteSolaria for $45 million in 2024, while filing for Chapter 11 bankruptcy protection.
Post-acquisition, CompleteSolar has emerged as the fifth-largest residential solar installer in the U.S., with strong financial performance. The company plans to release its 2024 financial results on April 23, 2025, detailing consecutive quarterly revenues exceeding $80 million since acquiring SunPower’s assets.
“These results solidify our position as the fifth-largest player in the U.S. residential solar market, with annualized revenues over 300 million,”Rodgers stated.”Only SunRun and Freedom Forever currently exceed 1 billion in annual revenue. We will also demonstrate profitability in operating income and cash flow.”
This strategic rebranding positions CompleteSolaria—now SunPower—to leverage the legacy brand’s reputation while capitalizing on its own operational momentum.
