SunPower idles factories as coronavirus hits solar demand


FILE PHOTO: Solar panels sit on the roof of SunPower Corporation in Richmond, California March 18, 2010. REUTERS/Kim White

(Reuters) – U.S. solar panel maker SunPower Corp (SPWR.O) on Monday said it had temporarily stopped production at all of its factories in five countries as the coronavirus outbreak ravages demand for its products.

The company, which primarily makes panels for the rooftop solar market, idled facilities in France, Malaysia, Mexico, the Philippines and the United States, it said in a filing with the U.S. Securities and Exchange Commission.

SunPower said it expected to bring the factories back online

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