SunPower collapse reverberates from Silicon Valley to Wall Street

Once a leading global photovoltaic manufacturer and installer, SunPower was synonymous with the rise of solar energy. But the sun is setting on the California trailblazer. The nearly 40-year-old company filed for Chapter 11 bankruptcy Aug. 5 after a series of strategic pivots failed to secure lasting financial stability, despite TotalEnergies’ presence as a deep-pocketed parent company. SunPower plunged into…Once a leading global photovoltaic manufacturer and installer, SunPower was synonymous with the rise of solar energy. But the sun is setting on the California trailblazer. The nearly 40-year-old company filed for Chapter 11 bankruptcy Aug. 5 after a series of strategic pivots failed to secure lasting financial stability, despite TotalEnergies’ presence as a deep-pocketed parent company. SunPower plunged into…  Read More