Complete Solaria (SPWR) reported a sharp increase in revenue for Q2 2025 while continuing to post losses. The company missed profitability expectations and did not adjust guidance, emphasizing a strategic shift for long-term growth.
RevenueComplete Solaria's total revenue surged 1403.2% to $67.52 million in Q2 2025, compared to $4.49 million in the same period last year. Residential Solar Installation contributed $37.40 million to the revenue, while the New Homes Businesses segment added $30.13 million, reflecting a strong performance in both core areas of the company’s operations.
Earnings/Net IncomeDespite the revenue surge, Complete Solaria’s losses widened significantly. The company reported a net loss of $22.42 million in Q2 2025, up from $15.89 million in the prior-year period, representing a 41.1% increase. On a per-share basis, the loss expanded to $0.28 from $0.26, signaling a 7.7% increase in per-share losses. While the company noted this as a record high for fiscal Q2 net income over the past three years, the continued net losses highlight ongoing profitability challenges.
Price ActionThe stock price of
saw modest gains in the short term, rising 3.16% during the latest trading day and 12.41% during the most recent full trading week. However, it edged down 1.21% month-to-date.
Post-Earnings Price Action ReviewA strategy of purchasing Complete Solaria shares on the day of the earnings report and holding for 30 days proved disastrous, yielding a return of -73.42%. This underperformance lagged the benchmark by 110.63%, with a maximum drawdown of 0.00% and a Sharpe ratio of -0.31. The results suggest a high-risk, low-reward investment during this period.
CEO CommentaryJohn Mitchell, CEO of Complete Solaria, emphasized the company's commitment to strategic transformation, focusing on expanding residential solar installation services and improving supply chain efficiency. Mitchell acknowledged challenges such as fluctuating commodity prices and rising operational costs but expressed confidence in the company’s ability to adapt through automation and workforce training. He reiterated a customer-centric innovation approach and a renewed focus on entering underserved regional markets.
GuidanceMitchell highlighted the company's expectation for full-year revenue growth to exceed Q2 2025 performance, with a focus on improving operational margins through cost optimization and increased project throughput. While no specific quantitative targets were disclosed, the company plans to maintain a conservative capital expenditure strategy and preserve liquidity. Mitchell also noted the company’s intent to enhance shareholder returns through improved profitability and operational efficiencies in the second half of the year.
Additional NewsRecent Nigerian headlines highlighted several key developments, including Lagos State’s new tenancy bill aiming to cut estate agent fees to 5%, and the Federal Government’s plan to unlock $150 billion in dormant land capital to stimulate economic growth. Additionally, the US approved a $346 million military sale to Nigeria, and
hit a record high above $124,000. Meanwhile, Nigeria announced a temporary border closure with Niger Republic ahead of the by-election in Jigawa State.
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