Files voluntary Chapter 11 petitions to effectuate the proposed transaction Intends to operate Blue Raven Solar and New Homes through the Chapter 11 process Pursues value-maximizing sale transactions for remaining assets RICHMOND, Calif., Aug. 5, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced it has entered into an asset purchase agreement (the "APA") with Complete Solaria, Inc. (NASDAQ:CS ...

In the latest trading session, SunPower (SPWR) closed at $0.80, marking a -1.6% move from the previous day. This move lagged the S&P 500's daily loss of 0.5%. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 1.28%.Shares of the solar products and services company have depreciated by 70.17% over the course of the past month, underperforming the Oils-Energy sector's loss of 10.92% and the S&P 500's gain of 0.1%.The investment community will be closely monitoring the performance of SunPower in ...

SunPower (NASDAQ:SPWR) stock is surging higher by about 50% today. Last week, SPWR stock plunged lower by around 75%, marking the solar company’s worst ever week. That came as the company announced that it would no longer provide solar panel leases to customers. In April, SunPower said that it would stop selling panels directly to customers.As of June 30, there were 29.15 million shares of SPWR stock sold short, totaling $86.28 million. That’s equivalent to a short interest as a percentage of float of 54.60 ...

Residential solar installer SunPower (NASDAQ:SPWR) is flailing today. Shares of SPWR stock have plunged more than 50% in early afternoon trading, after the company announced plans to halt new leases, installations and shipments to customers.This move is a continuation of the longer-term trend we’ve seen with this company. Other competitors in the space appear to be getting hit by many of the same headwinds. But on this move, Guggenheim analysts suggested that the end may be near for SunPower, as the company ...

Core Viewpoint - SunPower has announced a halt in operations, including new orders and shipments, leading to a significant decline in its stock price [1][2] Group 1: Company Operations - SunPower is ceasing new orders and halting shipments of certain solar power supplies effective September 17, which includes new leases, PPA sales, and new project installations [1] - Analysts, including JPMorgan Chase & Co.'s Mark Strouse, believe this is not a temporary halt but an indefinite suspension of SunPower's future dealings [1] Group 2: Stock Market Reaction - Following the announcement, SunPower's stock dropped by 9.7% on Friday morning, adding to a 40% decline from the previous day [2] - Year-to-date, SunPower shares are down 69.1% as of the market close on Thursday [2] - The trading volume for SunPower stock was over 1.2 million shares on Friday, significantly below its daily average of approximately 12 million shares [2]

Workers install solar panels during a SunPower installation on a home in Napa, California, US, on Monday, July 17, 2023.SunPower stock collapsed more than 40% this week after the company informed dealers that it will no longer support new leases, installations or product shipments, with analysts largely writing the company off as on the verge of going out of business.The residential solar installer told dealers that it recognizes "the gravity" of the decision and is looking for alternative providers to tran ...

SunPower Corporation (NASDAQ: SPWR) has been nothing but disappointment for investors over the past twelve months. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Still, there’s reason to believe that its future may be markedly different from the past year.  How may Amazon and Microsoft help SunPower?Copy link to sectionRenewables do not currently make up a significant portion of power generation in the United States. Solar, for example, accounts for ...

The urgency to transition to solar energy has intensified in the effort to combat greenhouse gas emissions. Moving away from fossil fuels to embrace renewable energy sources presents significant investment opportunities despite the substantial financial commitments and time required for this shift. In this context, companies like SunPower (SPWR) , Nextracker (NXT) , and First Solar (FSLR) are strategically positioned to benefit from this transition.Solar Leads in New Energy Capacity AdditionsThe share of re ...

SunPower TodaySPWRSunPower$3.42 +0.10 (+3.01%) 52-Week Range$1.76▼$12.18Price Target$4.56Add to WatchlistSunPower Co. NASDAQ: SPWR offers solar products, including high-efficiency solar panels and complete solar systems, to businesses and homeowners. SunPower manufactures its own photovoltaic (PV) solar panels, Maxeon solar cells with interdigitated back contact (IBC) technology, which are even more efficient than optimized passivated emitter and rear contact (PERC) panels. Maxeon panels absorb more sunligh ...

RICHMOND, Calif., June 3, 2024 /PRNewswire/ -- Today, SunPower (NASDAQ:SPWR) announced it has drawn upon the $50 million second tranche of the $175 million second lien term loan from Sol Holding, LLC ("Sol Holding") that it announced in February 2024. Sol Holding, which is owned jointly by affiliates of TotalEnergies SE and Global Infrastructure Partners, is the majority owner of SunPower's common stock."Today's announcement demonstrates the continued support of our majority shareholders in the long-term va ...