Another green energy company--valued at $10 BILLION just 3 years ago--goes bankrupt

In yet another demonstration of the totally booming Democrat economy, on Monday a California solar-power company called SunPower filed for bankruptcy.

In 2021--wif' duh Harris/biden regime pushing duh wonderz of "green energy," the company was valued at a staggering $10 BILLION dollarz.  Seriously.

The company specialized in selling and installing rooftop solar electric panels to people who were entranced by the notion of "free, green energy."  Absolutely guaranteed, of course.  It installed its systems in 100,000 Cali homes.  Now the company has sent emails to those customers admitting it "is currently unable to service your system."

Ah, "currently unable."  But don't worry, gullible Democrat consumers, dis jus' beez temporary until we get ouah bankruptcy filing sorted out!  We ekspecks we'll be able to resume "servicing your system" reel soon, per ouah guarantee.

The stock has dropped over 90% this year, and 44% yesterday.  The company said its liabilities were between $1 billion and $10 billion (wow, not helpful).  But don't worry, comrade: it's about to sell its dealer network to another company for a whopping $45 million!

Wait...how many millions does it take to make a billion again?  Dat maff beez SOoo confusing--prolly cuz it's raaaaacist!

In June the accounting firm Ernst & Young resigned, citing allegations that senior members of management were involved in "misconduct related to financial statements."

Eh, chill, comrade.  It's just another normal, multi-billion bankruptcy?  Why so upset, citizen?  It's just another indication of ouah booming economy under the Harris regime!

Source 1: CNBC 

Source 2:

https://www.cnbc.com/2024/08/06/sunpower-files-for-bankruptcy-plans-to-sell-assets-stock-plummets.html

https://www.sfgate.com/tech/article/sunpower-bankruptcy-solar-giant-california-19624130.php