SunPower Secures Additional Capital to Drive Ongoing Transformation
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Sunpower (SPWR) surges 18% after securing $175 million in capital financing
February 15, 2024 7:47 AM ESTSunPower Corp. (NASDAQ: SPWR) announced on Thursday it has successfully secured $175 million in capital financing through a second lien term loan from its majority shareholder, Sol Holding, which is an indirect subsidiary of TotalEnergies and Global Infrastructure Partners.
Shares surged more than 18% in premarket trading.
This financing arrangement includes a breakdown of funds comprising $45 million... More
