Another Solar Company Goes Bust [Yahoo! Finance]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: Yahoo! Finance
O ne of the largest residential solar installers in the nation has abruptly shut its doors and filed for bankruptcy in the latest blow to a troubled industry. Titan Solar, which installed thousands of systems across the U.S., informed its employees June 13 that it was “closing its doors,” having failed to secure a buyer for the company, according to an email obtained by TIME. In the email, Titan said that it had helped over 100,000 households go solar. Titan is not the only solar installer to close up shop lately. The company, which could not be reached for comment for this story—its website has shut down—is one of 16 major solar outfits that have filed for bankruptcy in 2023 and 2024, according to Solar Insure, which offers warranties and monitoring for homeowners who have solar. They include Pink Energy and Vision Solar, which like other operators in the industry faced regulatory action and numerous consumer complaints. Customers are left with solar panels on their homes that t
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- SunPower Co. (NASDAQ: SPWR) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $2.25 to $2.00. They now have a "sell" rating on the stock.MarketBeat
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 6/7/24 - Form 4
- 6/7/24 - Form 4
- 6/5/24 - Form 4
- SPWR's page on the SEC website