SunPower stock crashes 70%
- Admin
- Jul 21, 2024
- 1 min read
Residential solar company SunPower faced a 70% decline in share prices, leading to operational pauses and staff reductions due to challenges from rising interest rates and regulatory changes in the U.S. residential solar market. SunPower's struggles also included defaulting on debt and workforce cuts. Competitors like Sunrun and Sunnova are expected to benefit from SunPower's market share decline.
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