In the energy industry, it’s known as the solar coaster: The ups and downs in the solar industry that can cause companies to grow quickly and fade just as fast. So far in 2024, customers of more than one big installer have felt those big downhill drops.
The latest solar giant to run into struggles is SunPower Solar, one of CNET’s picks for best national solar companies. The company is now filing for Chapter 11 bankruptcy and selling most of its assets in an organization-wide wind down, according to a recent statement.
As part of the bankruptcy, Complete Solaria will buy SunPower’s Blue Raven Solar and New Homes subsidiaries, as well as other parts of the SunPower dealer network.
“In light of the challenges SunPower has faced, the proposed…
