(Bloomberg) SunPower Corp. declined after the struggling rooftop solar installer announced $155 million in new financing from its majority investors — a development that will ease a cash crunch but also dilute the shares. Most Read from BloombergPutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionHawaii Rightly Rejects Supreme Court’s Gun NonsenseDozens of Banks Rapidly Piled Up Commercial Property LoansA
SunPower (NASDAQ:SPWR) was once a highly promising business for solar industry investors. Yet, the chances of a rise-and-shine moment are getting dimmer every day, as the news surrounding SunPower is downright alarming. I don’t want to see SunPower fail, but I am bearish on SPWR stock after reviewing all of the relevant facts and circumstances. Headquartered in California, SunPower provides solar power equipment and services, mainly for residential applications. Because the federal government an