SunPower stock drops as company halts installations, shipments

Shares of SunPower (SPWR) fell about 30% Friday morning after the company reportedly informed its dealers that effective September 17, it would no longer support new leases and would halt deliveries. The announcement comes after the company announced in April that it would have to reassess nearly two years of financial results.

Morning Brief hosts Brad Smith and Seana Smith analyze the latest developments at SunPower and what it could mean for the company’s future.

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This post was written by Nicolas Jacobino