Solar Industry Faces Major Setbacks as Key Companies Declare Bankruptcy
Originally Published 7 months ago — by Wolf Street
Several solar companies, including Sunnova Energy and SunPower, have filed for bankruptcy or seen their stock values collapse due to operational issues, high debt, and financial losses, despite the continued growth in solar power generation and energy storage. The solar industry remains a significant contributor to electricity generation, but many specialized solar stocks have imploded, reflecting a market correction after a period of excessive speculation.