Why Is SunPower (SPWR) Stock Down 10% Today?

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]