SunPower Faces Collapse as Stock Plummets and Operations Halt

The residential solar pioneer halts installations and shipments amid financial turmoil and declining demand.

SunPower stock has dropped 73% in a week, trading below $1 for the first time.
The company has paused new solar installations, leases, and shipments, indicating severe operational issues.
Guggenheim analysts have reduced SunPower's price target to zero, predicting a wind-down process and delisting.
SunPower is grappling with accounting scandals, debt defaults, and the departure of key executives.
The residential solar industry faces broader challenges, including high interest rates and political uncertainty.