SunPower idles factories as coronavirus hits solar demand [Reuters]
SunPower Inc. (SPWR)
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Source: Reuters
SunPower idles factories as coronavirus hits solar demand (Reuters) - U.S. solar panel maker SunPower Corp ( SPWR.O ) on Monday said it had temporarily stopped production at all of its factories in five countries as the coronavirus outbreak ravages demand for its products. The company, which primarily makes panels for the rooftop solar market, idled facilities in France, Malaysia, Mexico, the Philippines and the United States, it said in a filing with the U.S. Securities and Exchange Commission. SunPower said it expected to bring the factories back online “in the coming weeks.” SunPower officials were not immediately able to say how many employees would be affected by the move. Residential and commercial solar installations have been hit hard by pandemic-related lockdown orders that have put the brakes on construction and economic fallout that has crippled consumer and business spending. Last week, energy research firm Wood Mackenzie said global solar installations this year would b
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