SunPower Corporation (NASDAQ:SPWR) shares fell Thursday following the company’s announcement of a significant operational pause and a subsequent analyst downgrade.
What To Know: SunPower informed clients it is halting new product shipments and deactivating lease and power purchase agreements from its sales platform.
This operational halt includes no more countersigning new agreements and support for installation services for shipments in transit or already delivered. The company cited its efforts to address financial challenges as the reason for these pauses, ...