Lifted in toto from Tim Knight at Slope of Hope, July 18:
Another 99% Wipeout
I’d say that Sunpower is cooked. It’s incredible how much scamming and fraud took place on the backs of the Build Back Better canard.
Slope blog home.
0.781 last, down 0.729 (48.25%) today and down from $2.65 on July 17th.
First Solar was up yesterday apparently on the thinking that there would be less competition with SPWR gone but the two companies are in very different segments of the sunshine biz.
Here's yesterday's Bloomberg story:
SunPower Plunges After Halting Solar Installs and Shipments
And today's:
SunPower Stock Plummets as Guggenheim Analyst Says Stock Is Worthless
