Former Manufacturing Giant SunPower Files for Bankruptcy.

SunPower Corp., a former leading solar company in the US, has filed for bankruptcy in Delaware. The company cited high interest rates and subsidy changes in California, as well as its own financial struggles, as reasons for its decline. SunPower had previously focused on residential and commercial rooftop installations but faced challenges due to inflation and high interest rates. The company recently halted new installations and shipments, leading analysts to speculate about its future. [Extracted from the article]