Readers have been well-informed about the collapse of the green energy bubble over the last several quarters, with solar, hydrogen, and wind stocks imploding. The primary driver of this downturn has been high inflation and elevated interest rates, which have decimated demand for solar and wind projects in the US and across Europe. The much-hyped green transition ushered in by the Biden administration is unraveling as quickly as Biden’s presidential election odds.

a letter from SunPower to dealers that explained as of Sept. 17, it “will no longer be supporting new leases and PPA sales, nor new project installations.” The letter continued, “We continue to dedicate our attention to addressing our financial position and are actively working to navigate our current challenges.”

JPMorgan Chase analyst Mark Strouse said the suspension will not be resolved quickly: “We do not believe this is a temporary halt, but rather an indefinite suspension of SPWR’s future dealings.”

https://www.zerohedge.com/markets/lights-out-sunpower-after-solar-installs-shipments-halted