NEWS
Complete Solar Acquires Core Energy
Complete Solar (Nasdaq: CSLR) has acquired selected assets of Core Energy, a Logan, Utah-based solar EPC firm, and hired 37 employees including CEO Cole Farmer. Farmer, now heading Sales and Marketing for Complete Solar, brings extensive experience from Utah's 'Solar Valley'. The acquisition aims to boost Complete Solar's installation capacity in California's Central Valley, complementing its LA-San Diego operations. Despite the acquisition, tight cost management limits headcount increase from 106 to 113.
Core Energy's revenue dropped from $143 million in 2022 to a current annualized $22 million, reflecting the solar downturn caused by California's NEM 3.0 policy. Complete Solar emphasizes a company-oriented culture, granting stock options to all new employees from Core Energy.
Core Energy's revenue dropped from $143 million in 2022 to a current annualized $22 million, reflecting the solar downturn caused by California's NEM 3.0 policy. Complete Solar emphasizes a company-oriented culture, granting stock options to all new employees from Core Energy.
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