SunPower, a US residential solar company, is set to delist from the Nasdaq stock exchange on August 16 after filing for Chapter 11 bankruptcy and selling assets to Complete Solaria Inc for $45 million. The company received a notice from Nasdaq for failing to comply with listing rules and file periodic financial reports, leading to the delisting. Following cost-cutting measures, SunPower submitted voluntary Chapter 11 petitions and agreed to sell its Blue Raven Solar business, New Homes business, and non-installing dealer network to CompleteSolaria Inc. The transaction is pending court approval and is expected to be completed in mid to late September.

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







