SunPower stock plummets, company to stop installs and shipments

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Sunpower News

Brad Smith

Shares SunPower (SPWR) are tanking around 30% on Friday morning after the company reportedly notified dealers that as of September 17 it will no longer...

notified dealers that as of September 17 it will no longer support new leases and halt shipments. This comes after the company's announcement in April that it will have to restate almost 2 years of financial results.Some power shares are plunging after notifying dealers that as of September 17th, it will no longer be supporting new leases will be halting shipments.This comes after the company's April announcement that it will have to restate nearly two years of financial results.

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