LEHI, Utah, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Complete Solar Holdings, Inc. d/b/a Complete Solar (“Complete Solar” or the “Company”) (Nasdaq: CSLR), a solar technology, services, and installation company, today announced that the United States Bankruptcy Court for the District of Delaware has approved the going concern sale of substantially all assets of the Blue Raven, New Homes and Dealer businesses of SunPower Corporation and certain of its affiliates to Complete Solar for $45 million in cash. The sale ...

RICHMOND, Calif., Aug. 12, 2024 /PRNewswire/ -- SunPower Corp. (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that the Company received a notice from the Nasdaq Stock Market LLC ("Nasdaq") that it has determined to delist the Company's common stock on Nasdaq. The delisting is a result of the Company's failure to demonstrate compliance with Nasdaq Listing Rules 5101, 5110(b), and IM-5101-1 as a result of the Company and certain of its direc ...

Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023.The rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest rates and allegations of misconduct in its reporting practices.SunPower stock fell 32% to 55 cents per share on Tuesday. Its shares have collapsed nearly 90% this year.SunPower listed assets and liabilities between $1 billion to $10 billion in its Chapter 11 filing late Monday in U.S ...

SunPower (NASDAQ:SPWR) stock is falling hard on Tuesday after the solar power and technology company filed for Chapter 11 bankruptcy late yesterday.That bankruptcy filing isn’t an attempt for the company to restructure its business and come out leaner. Instead, SunPower is planning to wind down its operations during the bankruptcy process.SunPower also already has plans lined up to sell its Blue Raven Solar installation and new homes businesses in a stalking horse bid. This has Complete Solaria (NASDAQ:CSLR ...

Files voluntary Chapter 11 petitions to effectuate the proposed transaction Intends to operate Blue Raven Solar and New Homes through the Chapter 11 process Pursues value-maximizing sale transactions for remaining assets RICHMOND, Calif., Aug. 5, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced it has entered into an asset purchase agreement (the "APA") with Complete Solaria, Inc. (NASDAQ:CS ...

In the latest trading session, SunPower (SPWR) closed at $0.80, marking a -1.6% move from the previous day. This move lagged the S&P 500's daily loss of 0.5%. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 1.28%.Shares of the solar products and services company have depreciated by 70.17% over the course of the past month, underperforming the Oils-Energy sector's loss of 10.92% and the S&P 500's gain of 0.1%.The investment community will be closely monitoring the performance of SunPower in ...

SunPower (NASDAQ:SPWR) stock is surging higher by about 50% today. Last week, SPWR stock plunged lower by around 75%, marking the solar company’s worst ever week. That came as the company announced that it would no longer provide solar panel leases to customers. In April, SunPower said that it would stop selling panels directly to customers.As of June 30, there were 29.15 million shares of SPWR stock sold short, totaling $86.28 million. That’s equivalent to a short interest as a percentage of float of 54.60 ...

Residential solar installer SunPower (NASDAQ:SPWR) is flailing today. Shares of SPWR stock have plunged more than 50% in early afternoon trading, after the company announced plans to halt new leases, installations and shipments to customers.This move is a continuation of the longer-term trend we’ve seen with this company. Other competitors in the space appear to be getting hit by many of the same headwinds. But on this move, Guggenheim analysts suggested that the end may be near for SunPower, as the company ...

SunPower (NASDAQ:SPWR) stock is taking a beating on Friday after the solar power company announced that it is halting some of its operations.SunPower alerted dealers that it is no longer taking new orders and that it’s halting the shipment of some of its solar power supplies. This change will go into effect on Sept. 17 and includes new leases, PPA sales and new project installations.Several analysts have reacted to this news with sour statements on SPWT stock. That includes many noting that this isn’t likel ...

Workers install solar panels during a SunPower installation on a home in Napa, California, US, on Monday, July 17, 2023.SunPower stock collapsed more than 40% this week after the company informed dealers that it will no longer support new leases, installations or product shipments, with analysts largely writing the company off as on the verge of going out of business.The residential solar installer told dealers that it recognizes "the gravity" of the decision and is looking for alternative providers to tran ...