In the energy industry, it’s known as the solar coaster: The ups and downs in the solar industry 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 struggle is SunPower Solar, one of CNET’s picks for best national solar companies. The company filed for Chapter 11 bankruptcy in August. As part of the bankruptcy, Complete Solaria (a merger of Complete Solar and Solaria) will buy SunPower’s Blue Raven Solar and New Homes subsidiaries, as well as other parts of the SunPower dealer network. On Sept. 9, Complete Solar announced that it raised $40.5 million to cover the remaining closing costs of a $45 million bid to…