Complete Solaria stock price target raised to $5.40 from $3.00 at Northland

Investing.com - Northland has raised its price target on Complete Solaria (NASDAQ:SPWR) to $5.40 from $3.00 while maintaining an Outperform rating on the stock. Currently trading at $1.63, InvestingPro analysis suggests the stock is undervalued, with analyst targets ranging from $3.00 to $5.00.

The price target adjustment follows the completion of Complete Solaria’s acquisition of Sunder, which closed on Tuesday. Northland described the transaction as "transformational" for the company. The company maintains a current ratio of 1.15, though InvestingPro data shows an overall Financial Health score of "FAIR."

In its analysis, Northland is modeling a 50% revenue increase for Complete Solaria, despite expectations that the U.S. solar installation market will likely decline by approximately 20%.

The new price target of $5.40 is based on 1x the company’s projected CY26 (calendar year 2026) revenue, according to Northland’s research note.

Complete Solaria is a solar energy company that provides residential solar solutions in the United States market.

In other recent news, SunPower announced its agreement to acquire Sunder Energy, the 11th largest U.S. solar company by installed megawatts. The transaction is valued at $40 million in cash plus 10 million shares of common stock, pending approval from SunPower stockholders. The acquisition is expected to close this week, with funding secured through a private offering of convertible debentures managed by Cantor Fitzgerald. Meanwhile, Complete Solaria received an Outperform rating initiation from Northland. Northland set a price target of $3.00, citing favorable conditions for residential solar due to U.S. policy shifts and rising electricity demand. These recent developments highlight significant movements in the solar energy sector.

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