Stumbles for Embattled Solar Firm SunPower End in Bankruptcy (1)

After a drawn-out saga involving a restructuring and a management shakeup, one of the most prominent names in US solar, SunPower Corp., has now filed for bankruptcy.

Over the course of less than two years, the once-darling of the industry was forced to fire workers to cut costs, restate earnings and default on a credit agreement. In 2024, the firm replaced its chief executive officer, restructured its operations and lost its accountant.

Industry headwinds added to the woes: High interest rates and subsidy changes in California — the US sector’s biggest market — have been a drag for ...