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.
The company said that it breached a credit agreement when it didn't report third-quarter financial results on time, and creditors could demand immediate payment of the $65.3…
This story from investopedia.com was posted on 2023-12-19 by @lakemist.