(Bloomberg) -- SunPower Corp. tumbled the most in seven weeks after the struggling solar company’s accountant quit amid allegations of misconduct by senior executives. Most Read from BloombergBiden Narrows Gap With Trump in Swing States Despite Debate LossHedge Funds That Piled Into Big Tesla Short Stung by Huge RallyFrench Left Set for Shock Victory Over Macron and Le PenLe Pen Party Seeks Major French Election Win: What to WatchThe company’s shares slumped as much as 18%, the most intraday sin
Yahoo Finance's Josh Lipton and Julie Hyman break down what to watch on Wednesday, June 5. May's Purchasing Managers' Index and the ADP employment report are both slated to be released, providing key economic data. Lululemon (LULU), Dollar Tree (DLTR), and Campbell Soup (CPB) are some of the biggest names reporting earnings alongside Five Below (FIVE), Victoria's Secret (VSCO), and SunPower (SPWR). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
Today, SunPower (NASDAQ:SPWR) announced it has drawn upon the $50 million second tranche of the $175 million second lien term loan from Sol Holding, LLC ("Sol Holding") that it announced in February 2024. Sol Holding, which is owned jointly by affiliates of TotalEnergies SE and Global Infrastructure Partners, is the majority owner of SunPower's common stock.