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That was despite its largest distribution customer, SunPower , filing for Chapter 11 bankruptcy in August amid accounting issues and problems related to the industry's overall challenges. Dealing ...
SunPower Corporation is an American provider of photovoltaic solar energy generation systems and ... SunPower filed for chapter 11 bankruptcy protection in August ...
Complete Solar will also begin to manage three SunPower business units, while leaving the rest of the company to complete its bankruptcy process. Rodgers continued, “When I wrote the invitation to interview to all SunPower family company members, I intentionally mentioned that the 1,000 we hired would have to do the work of 2,000 because we ...
In January 2017 the company laid off senior and mid-level managers, and in March it laid off around 2/3 of its staff without notice, with sources at the company suggesting bankruptcy was imminent. [3] The ex-employees filed a lawsuit seeking back pay for 60 days, a requirement under the Worker Adjustment and Retraining Notification Act. [14]
There's no recovery in renewable energy stocks yet.
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Companies that filed for Chapter 11 bankruptcy in 2018 (1 C, 107 P) Companies that filed for Chapter 11 bankruptcy in 2019 (92 P) Companies that filed for Chapter 11 bankruptcy in 2020 (189 P)
SunPower, in fact, has been burning through cash and has a heavy load of short-term debt. One Wall Street analyst put out a note this morning that may have been the wake-up call investors needed.