SunPower's Demise Underscores an Industry Primed for Casualties [Financial Post (Toronto, Ontario, Canada)]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The US residential-solar industry is under serious threat — a vulnerability borne out this week by the bankruptcy of SunPower Corp., one of the sector's most venerable names. The California company had its own series of financial missteps. But those stumbles happened against the background of high interest rates, which make panels less affordable for homeowners, and a major subsidy cut in its home state — the country's biggest solar market. The change has significantly slowed demand and crimped profits for rooftop firms. The SunPower saga underscores that there's little room for error in the sector. Rooftop solar companies have become too dependent on growth-focused strategies that need repeated rounds of external funding, said T.J. Rodgers, chief executive officer of Complete Solaria Inc. “The enemy is growth,” he said in an interview, hours af
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SPWR
News
- SunPower Co. (NASDAQ: SPWR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- SunPower Announces Nasdaq Delisting Notification [Yahoo! Finance]Yahoo! Finance
- SunPower Announces Nasdaq Delisting NotificationPR Newswire
- EU executive confident its Chinese EV measures comply with WTO, says probe continues [Yahoo! Finance Canada]Yahoo! Finance Canada
- KBRA Update on SunStrong 2018-1 in Wake of SunPower Chapter 11 Filing [Yahoo! Finance]Yahoo! Finance
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 8/12/24 - Form 8-K
- 8/12/24 - Form NT
- 8/9/24 - Form 3
- SPWR's page on the SEC website