SunPower files for bankruptcy, plans to sell off assets — stock drops more than 30%
SPWRSunPower(SPWR) CNBC·2024-08-06 22:06

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 ...