Tag: Yahoo Finance

SunPower to split into two publicly listed companies

The spin off comes as America's biggest solar power developers, including SunPower, have been stockpiling panels to meet the increased demand from a 30% federal tax credit to buyers that will start phasing out next year. SunPower is majority owned by French energy giant Total SA. The companies will be called SunPower and Maxeon Solar Technologies, SunPower said, adding that it will maintain its corporate headquarters in Silicon Valley and that Chief Executive Officer Tom Werner will continue in his position....