Solaria | Jotup

Kline Hill Invests in Complete Solaria with Debt-Equity Swap

Retrieved on:

Thursday, May 2, 2024

Webcast, KHP, Completeness, CSLR, Common stock, Solaria, Interest, Security (finance)

(“Complete Solaria” or the “Company”) (NASDAQ: CSLR) today announced that Kline Hill Partners (KHP), a Complete Solaria debt holder, has agreed to a debt-for-equity swap, and an additional cash investment.

Key Points:

(“Complete Solaria” or the “Company”) (NASDAQ: CSLR) today announced that Kline Hill Partners (KHP), a Complete Solaria debt holder, has agreed to a debt-for-equity swap, and an additional cash investment.
Complete Solaria will issue 9.8 million shares (19.9%) of outstanding stock to KHP in return for cancelling its debt.
Mike Bego, KHP CEO, said, “We have re-invested the principal and interest on our loan back into Complete Solaria’s stock to participate in the Company’s future growth.” Kline Hill also agreed to buy 3.7 million Complete Solaria warrants.
T.J. Rodgers, Complete Solaria’s Chief Executive Officer said, “Thank you Kline Hill for your confidence in us.

Complete Solaria to be Self-Funded in Q2 2024

Retrieved on:

Thursday, May 2, 2024

Negotiation, Fab, EDT, ROUS, News, J. P. Morgan, Completeness, Microsoft, Silicon, Failure, MBA, Solaria, Interest, Security (finance)

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc .

Key Points:

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc .
(“Complete Solaria” or the “Company”) (Nasdaq: CSLR) today published its Q1’24 results, to be presented via webcast today, May 2, 2024 at 5:00 p.m. EDT.
During the quarter, Complete Solaria re-organized into three product lines that run all operations.
Complete Solaria is alive and starting to improve primarily due to dramatic improvements in fab performance and a vigorous but painful reorganization.

Nextracker Appoints Two New Members to Board of Directors

Retrieved on:

Tuesday, January 2, 2024

Blunden is an accomplished executive leader and strategic advisor currently serving on the Board of four organizations in the energy sector.

Key Points:

Blunden is an accomplished executive leader and strategic advisor currently serving on the Board of four organizations in the energy sector.
In conjunction with the successful completion of its separation from Flex, Nextracker also announced all Flex employee members of the Nextracker Board of Directors stepped down from the Board and any Board committees on which they were serving effective January 2, 2024, including Christian Bauwens, Michael Hartung, Paul Lundstrom, Scott Offer, Rebecca Sidelinger, and Kyra Whitten.
“We’re excited to incorporate their vision and business leadership as we scale Nextracker to the next level as an independent public company.”
“On behalf of the Board and the entire Nextracker team, we sincerely thank the outgoing six Board members for their stewardship and contributions to Nextracker,” said Shugar.
Blunden brings extensive Board leadership and is currently an active Board member for American Battery Technology Company, ZincFive, Plus Power, LLC as well as Board chair for New Energy Nexus.

Complete Solaria Reports Third Quarter 2023 Results

Retrieved on:

Tuesday, November 14, 2023

We now have a growing company with $88 million in annualized revenue that comes solely from the high-margin systems business.

Key Points:

We now have a growing company with $88 million in annualized revenue that comes solely from the high-margin systems business.
As shown in the headcount graph below, by the end of the second quarter (WW26), our headcount had been reduced to 415.
Today (WW46), our headcount is down 33% to 285 and will be lower yet by the end of the quarter.
Complete Solaria now focuses solely on what it does best – the Systems business.

Maxeon Solar Technologies provides Business Update and Announces Preliminary Third Quarter Revenue and Shipment Results

Retrieved on:

Tuesday, October 10, 2023

Topcon, Public expenditure, IBC, Acquisition, Engineering, Weather, FAB 5, MSA, Adjustment, DOE, DG, Renewable energy, Solaria

We do not have visibility into how quickly such resolution can be achieved.

Key Points:

We do not have visibility into how quickly such resolution can be achieved.
It is our position that we have firm quantity and pricing contracts in place."
This will allow us to accelerate market introduction of world-record efficiency Maxeon 7 panels by several months and reduce capital expenditures by about $100 million."
We believe that Maxeon is well positioned to weather this market disruption and come out stronger on the other side," said Mulligan.

Complete Solaria Reports Second Quarter 2023 Results

Retrieved on:

Tuesday, August 22, 2023

Solaria, Executive, Completeness, Information technology, Sale, Wind, Module, News, Video game, Renewable energy, Q3, System, Q2, Modularity

The first operational problem we addressed was described to investors in a Zoom-cast from Complete Solaria’s Salt Lake fabrication plant (fab) on June 30, 2023.

Key Points:

The first operational problem we addressed was described to investors in a Zoom-cast from Complete Solaria’s Salt Lake fabrication plant (fab) on June 30, 2023.
To conclude, we restructured Complete Solaria this quarter, cutting headcount by 59 and costs by $7.9 million.
The Company experienced a significant shift in its business during the second quarter of 2023.
For the third quarter of 2023, Complete Solaria estimates financial results as follows: Revenues in the range of $38 million to $41million and Gross Margin of 29%.

US Roofing Market Set for Rapid Growth in 2023 with Technological Advancements and Urbanization - ResearchAndMarkets.com

Retrieved on:

Tuesday, July 18, 2023

Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Urbanization, Standard Industries, Membrane, Weather, Growth, Employment, Carbon footprint, Automation, Lumber, Renewable energy, Solaria

The US roofing market will be valued at around $32.89 BN in 2022 and is anticipated to witness shipments of 286.87 million square in 2022.

Key Points:

The US roofing market will be valued at around $32.89 BN in 2022 and is anticipated to witness shipments of 286.87 million square in 2022.
It accounts for more than half of the overall demand for roofing materials, largely due to its dominance in residential markets.
The key factors driving the roofing market in the region include rapid urbanization and technological advancements such as green roofs, environmentally friendly roofing materials, and the employment of drones for measurements.
The US roofing market is witnessing significant growth driven by factors such as growth in new construction activity, rise in renovation and remodeling projects, and increasing demand for energy-efficient roofing materials.

Surging Demand for Energy-Efficient and Eco-Friendly Roofing Drives US Roofing Market in 2023

Retrieved on:

Tuesday, July 18, 2023

Urbanization, Standard Industries, Membrane, Weather, Growth, Employment, Carbon footprint, Automation, Lumber, Renewable energy, Solaria

DUBLIN, July 18, 2023 /PRNewswire/ -- The "US Roofing Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, July 18, 2023 /PRNewswire/ -- The "US Roofing Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The US roofing market will be valued at around $32.89 BN in 2022 and is anticipated to witness shipments of 286.87 million square in 2022.
It accounts for more than half of the overall demand for roofing materials, largely due to its dominance in residential markets.
Increasing applications among sectors with a high expectancy of standards and manufacturing in the roofing market must meet regulatory standards and provide robust solutions.

FTC Solar Appoints Tony Alvarez as Board Observer

Retrieved on:

Thursday, July 6, 2023

North American Board of Certified Energy Practitioners, EVP, Electrical engineering, History of the Georgia Institute of Technology, SunEdison, Engineering, Pleasure, Growth, Infineon Technologies, Cypress Semiconductor, Software, Renewable energy, Solaria

AUSTIN, Texas, July 06, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment of Tony Alvarez, a veteran of the solar and semiconductor industries, as Board Observer.

Key Points:

AUSTIN, Texas, July 06, 2023 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading global provider of solar tracker systems, software, and engineering services, today announced the appointment of Tony Alvarez, a veteran of the solar and semiconductor industries, as Board Observer.
Mr. Alvarez brings over 35 years of solar and engineering experience to FTC Solar.
He currently serves on the board of directors at Complete Solaria and NexGen Power Systems and has held prior board positions with SunEdison Semiconductor, ChipMOS Technology, Senaya, SunEdison, and Validity Sensors.
“We’re thrilled to welcome Tony Alvarez to FTC Solar,” said Shaker Sadasivam, Chairman of the Board, FTC Solar.

T.J. Rodgers Appointed Complete Solaria Executive Chairman

Retrieved on:

Wednesday, June 28, 2023

Alternative Energy, Energy, Other Energy, Solar energy, Webcast, Executive, History, Management, Cryptocurrency, Solaria

Complete Solaria, Inc. (“Complete Solaria” or the “Company”), a leading solar technology, services, and installation company, has appointed T.J. Rodgers Executive Chairman.

Key Points:

Complete Solaria, Inc. (“Complete Solaria” or the “Company”), a leading solar technology, services, and installation company, has appointed T.J. Rodgers Executive Chairman.
I have been a significant investor in Complete Solaria and believe passionately in the potential of this company.
Complete Solaria is at a crucial juncture in its history as we are about to start our life as a public company.
The presentation materials, as well as a replay of the webcast, will be available following the event on the Complete Solaria Investors page, located at https://www.completesolaria.com/investors .