SunPower (Nasdaq: SPWR) experienced a 70% drop in share prices this week, with the company announcing it will suspend several core operations, including deactivate its lease and power purchase agreement offerings, discontinue new product shipments, and stop countersigning new agreements. The company has been struggling over the past two years due to rising interest rates and regulatory changes, which have reduced the value offered to customers. SunPower also announced it would close installation service centers across the country and cut about 26% of its workforce in April. In December 2023, the company defaulted on its debt and issued a warning that it had “going concerns” about remaining in business.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
