Why SunPower's Shares Dropped 27% This Week

The solar industry should have had a good week, with interest rates continuing to fall and the residential solar industry looking like it's about to turn a corner. Instead, SunPower's (SPWR 1.12%) shares collapsed 27%, according to data provided by S&P Global Market Intelligence, because SunPower warned investors that it may not be a "going concern" if it can't find additional financing.The financing crunchThis week, SunPower announced it had breached covenants on debt that could be immediately callable, me ...

Why SunPower's Shares Dropped 27% This Week - Reportify