SunPower’s Solar Collapse: Bankruptcy Filing and Major Job Cuts
SunPower, once a trailblazer in the solar energy sector, has filed for Chapter 11 bankruptcy, marking a significant downturn for both the company and the broader U.S. residential solar industry. This bankruptcy is a stark reminder of the vulnerabilities inherent in an industry that, despite its promise, remains highly susceptible to market and regulatory fluctuations. The Downfall of a Solar Pioneer Founded in 1985, SunPower quickly rose to prominence as one of the pioneering companies in the solar energy field. Its innovative approach and early adoption of cutting-edge technology positioned it as a leader in the green energy movement. However, …