BankruptcySPWR filed for Chapter 11 bankruptcy protection.
Financial TransparencySunPower’s independent auditor, Ernst & Young, resigned for reasons including management malfeasance, an SEC investigation, and a loss of confidence in the company’s ability to provide accurate financial statements.
Market PerformanceSPWR trades at a premium to peers, which is unjustified given a lack of visibility into its ability to install additional projects.