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SunPower filed for Chapter 11 bankruptcy amid high interest rates. Stock fell 32% to 55 cents; nearly 90% drop this year. Company selling assets, including Blue Raven Solar, for $45 million. SEC investigating revenue recognition practices following financial misconduct allegations. Independent auditor resigned due to concerns about financial statements.
- SunPower filed for Chapter 11 bankruptcy amid high interest rates.
- Stock fell 32% to 55 cents; nearly 90% drop this year.
- Company selling assets, including Blue Raven Solar, for $45 million.
- SEC investigating revenue recognition practices following financial misconduct allegations.
- Independent auditor resigned due to concerns about financial statements.
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