Huge solar equipment manufacturer files for Chapter 11 bankruptcy
A major manufacturer of solar energy equipment has filed for bankruptcy, facing financial distress and a Worker Adjustment and Retraining Notification Act lawsuit.
The U.S. solar energy industry has faced many of the same economic issues that other retail and manufacturing industries have dealt with, including rising labor and product costs driven by inflation, higher interest rates on debt obligations, and extreme competition from across the world.
Some economic factors unique to the solar industry, however, threaten to put some companies out of business.
