Why Is SunPower (SPWR) Stock Down 10% Today?
SunPower(SPWR) Investor Place·2024-07-19 20:27
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 ...