SunPower Stock Plunges as It Warns That Debt Could Threaten Business ...Middle East

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Key Takeaways SunPower Corp. shares plummeted more than 30% after the solar company warned that it could go out of business if creditors decide to demand immediate payment of its debt. The solar power equipment and services provider said that it wouldn’t have enough liquidity to cover normal business operations if it had to pay its obligations. The company received a temporary waiver through Jan. 19 and noted that it is seeking additional waivers and other funding alternatives. Shares of SunPower Corp. (SPWR) plunged more than 30% as the solar power equipment and services provider warned that it may not be able to remain in business after failing to make payments on its debt. T

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