Blue Raven Solar Partners With Sunder Energy for Expanded Residential Solar Installations
Blue Raven Solar Partners With Sunder Energy for Expanded Residential Solar Installations
Blue Raven Solar partners with Sunder Energy for residential solar installations, enhancing services across 48 states.
Quiver AI Summary
Blue Raven Solar, a division of Complete Solar Holdings, has signed an installation sales agreement with Sunder Energy, a major player in the U.S. residential solar market. Sunder operates in 48 states and completes around 12,000 solar installations annually, generating significant revenue for residential installers. Both companies are excited about the partnership, with Sunder's CEO emphasizing the advantages of working with a capable installation partner like Complete Solar, especially following Complete Solar's acquisition of SunPower's assets. Complete Solar's VP of Sales noted the strategic importance of this collaboration in expanding their New Dealer channel and enhancing their service capabilities in the residential solar space.
Potential Positives
- Successful signing of an installation sales agreement with Sunder Energy, one of the largest solar sales companies in the U.S., enhances Complete Solar's market positioning.
- Collaboration with Sunder, which executes around 12,000 installations per year, is expected to significantly boost Complete Solar's operational capabilities and revenue potential.
- The partnership leverages Complete Solar's recent acquisition of SunPower's assets, indicating a strategic alignment that strengthens their service footprint in the residential solar market.
- Statements from leadership highlight the mutual benefits of the partnership, reinforcing Complete Solar's reputation as a strong installation partner in the solar industry.
Potential Negatives
- The reliance on forward-looking statements may indicate uncertainty about the actual outcomes of the partnership and future operations, potentially leading to volatility in investor confidence.
- The press release does not provide specific details about how the installation sales agreement will benefit Complete Solar, leaving ambiguity about the tangible advantages of the partnership.
- The mention of risks and uncertainties inherent in forward-looking statements could raise concerns among investors regarding the stability and predictability of the company's performance.
FAQ
What is the recent partnership announced by Blue Raven Solar?
Blue Raven Solar has signed an installation sales agreement with Sunder Energy, enhancing its operational capabilities in residential solar installations.
How does Sunder Energy contribute to the solar market?
Sunder Energy is one of the largest residential sales companies in the US, executing approximately 12,000 solar installations yearly and generating $400 million in revenue.
What benefits does Complete Solar gain from this partnership?
The partnership with Sunder Energy allows Complete Solar to expand its New Dealer channel, benefiting from Sunder's extensive sales capabilities in the residential solar market.
How has Complete Solar positioned itself in the solar market?
Complete Solar has become a leading solar services provider in North America following its recent acquisition of SunPower's assets, enhancing its service offerings.
Who can I contact for more information about Complete Solar?
For inquiries, contact Sioban Hickie, Head of Investor Relations, at +1 (801) 477-5847 or InvestorRelations@CompleteSolar.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CSLR Insider Trading Activity
$CSLR insiders have traded $CSLR stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
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- SOLIS HOLDINGS, L.L.C. CRSEF has traded it 10 times. They made 0 purchases and 10 sales, selling 2,781,022 shares.
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$CSLR Hedge Fund Activity
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Full Release
LEHI, Utah, Nov. 18, 2024 (GLOBE NEWSWIRE) --
Blue Raven Solar
("BRS") a division of
Complete Solar Holdings, Inc.
("Complete Solar" or the "Company") (Nasdaq: CSLR), is pleased to announce it has signed an installation sales agreement with Sunder Energy ("Sunder"), one of the largest residential sales companies in the US. Sunder sells solar in 48 states, executing approximately 12,000 solar installations per year, generating estimated revenue of $400 million annually for residential installers.
Eric Nielsen, CEO of Sunder said, "We look forward to working with Complete Solar as an installation partner. It is rare to find an install partner with such a large service footprint, capable of handling the operational needs of a sales company of Sunder's size. Complete Solar's acquisition of SunPower's assets has made this a great partnership for Sunder Energy."
Cole Farmer, Vice President of Sales for Complete Solar added, "This is a great opportunity for CSLR to add a large sales partner to the New Dealer channel at Complete Solar. Sunder is a powerhouse in the residential solar space. I have a long history with Sunder leadership and know first-hand how impactful they are as a sales company, and I look forward to working with them again."
About
Complete
Solar
With its recent acquisition of SunPower assets, Complete Solar has become a leading solar services provider in North America. Complete Solar's digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit
.
Forward
Looking
Statements
This press release may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the referenced transaction. These forward-looking statements generally are identified by the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would," and similar expressions, but the absence of these words does not mean that a statement is not a forward-looking statement. Forward-looking statements are forecasts, predictions, projections and other statements about future events that are based on current expectations, hopes, beliefs, intentions, strategies and assumptions, including statements relating to the installation agreement included in this press release, and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release and the price of Complete Solar's securities may be volatile due to a variety of factors, including but not limited to changes in the applicable competitive or regulatory landscapes, variations in operating performance across competitors, changes in laws and regulations affecting Complete Solar's business, and changes in the combined capital structure; the ability to implement business plans, forecasts, and the evolution of the markets in which Complete Solar will compete.
Readers should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of Complete Solar's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on April 1, 2024 and the other documents that Complete Solar files with the SEC, including Quarterly Reports on Form 10-Q. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Complete Solar assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
For
inquiries,
please
contact:
Sioban Hickie
Head of Investor Relations
Phone: +1 (801) 477-5847
InvestorRelations@CompleteSolar.com
Public Relations:
PR@completesolar.com
Source: Complete Solar, Inc.
