Former Manufacturing Giant SunPower Files for Bankruptcy.

SunPower Corp., a former US solar firm, has filed for bankruptcy and plans to wind down its operations. The company listed assets and liabilities of $1 billion to $10 billion in its Chapter 11 petition. It has agreed to sell assets, including its Blue Raven Solar installation unit and new homes businesses, to Complete Solaria Inc. for $45 million. High interest rates and subsidy changes in California, as well as the company's own struggles, have contributed to its downfall. SunPower was known for producing high-quality solar panels but shifted its focus to rooftop installations, which ultimately proved unsuccessful. [Extracted from the article]