Also in today’s newsletter, US nuclear energy sector primed for a political boost
I have been learning a lot about corporate bankruptcy proceedings this year. First, there was Enviva, which made wood pellets to replace coal for fuel. It went up in smoke in March. Ambri, a battery maker with backing from Bill Gates, went down in May. Fisker, the US electric vehicle maker, filed for bankruptcy in June. And now SunPower, a big residential solar provider, has bitten the dust. Below I have the story of its demise, and the aftermath.
For solar companies, the Federal Reserve’s looming interest rate cuts would be closely watched by investors, Castelli told me. “We are seeing a move toward more disciplined growth as opposed to the industry was more growth at all costs,” Castelli said. “Now, we are seeing more of a focus on cash generation.” US presidential nominee Kamala Harris’s pick of Minnesota governor Tim Walz as her running mate looks like an encouraging sign for the nuclear energy sector and its investors.
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