SunPower (SPWR, Financial) received a notification from Nasdaq on April 28, 2025, highlighting a compliance issue. The notice revealed that SunPower failed to submit its Annual Report on Form 10-K for the year ending December 29, 2024, in a timely manner, violating Nasdaq Listing Rule 5250(c)(1). This rule mandates that all Nasdaq-listed entities submit periodic reports to the SEC on schedule.
Following this notification, SunPower had a 60-day period to propose a plan to rectify the compliance breach. The company had previously disclosed in a March 31, 2025 filing with the SEC that the delay in submitting the 2024 Form 10-K was due to extensive year-end audit and reporting processes. On April 19, 2025, SunPower announced its intention to file the report by April 30, 2025.
SunPower successfully submitted the 2024 Form 10-K, complete with audited financial statements, on the planned April 30, 2025 date, thereby addressing the Nasdaq compliance issue.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Complete Solaria Inc (SPWR, Financial) is $4.00 with a high estimate of $6.00 and a low estimate of $2.00. The average target implies an upside of 106.19% from the current price of $1.94. More detailed estimate data can be found on the Complete Solaria Inc (SPWR) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Complete Solaria Inc's (SPWR, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
