What You Need to Know About SunPower's Breakup
SunPower (NASDAQ: SPWR) has been going through a strategic upheaval for most of the last decade. Its high-efficiency solar panels were always its core product, but it has shifted away from being a power plant developer and financier and moved toward a focus on residential and commercial solar, where it sometimes sells for cash and sometimes finances projects.
Now, it's taking the next step to simplify its business by separating into two public companies. The North American residential and commercial energy services company will keep the name SunPower, while the Asian manufacturer of high-efficiency solar panels will go by the name Maxeon Solar Technologies. There are a lot of moving parts here, but this is what investors should know about these two new renewable energy stocks.
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Source Fool.com
