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birdman29

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07/08/24

09:21

Post #: 75102734
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Originally posted by mudguts: ↑

Qld don't need must gas either.

Looks like the tax payer subsidies were not enough for this cheap power..

Kamla should just throw them a lazy billion or so to keep them happy.

SunPower Declares Bankruptcy.

SunPower, the California-based solar developer and operator, has filed for bankruptcy protection after slashing jobs and saying it would restate its financial results for the last two years on cost misclassification.

Earlier this year, SunPower, which saw its stock shed as much as 60% over the 12 months to April, said that it would cut 1,000 jobs and revise financial reports. According to Bloomberg, the revision would reduce the company’s profits by between $25 million and $25 million.

In July, media reported that SunPower would suspend new solar installations and halt shipments, causing its stock to plunge by nearly 40% in afternoon trading on July 18.

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