Bankruptcy

After bizarrely disappearing off the face of the Earth in September, dropping its website and laying off all its employees, the New York solar installer has filed for bankruptcy.

Reports from the company’s bankruptcy filings indicate conversations with multiple companies that could potentially acquire the bankrupt cell and module maker.

Current estimates suggest 80% of Puerto Rico is still without power, but thanks to Elon Musk’s efforts at least one children’s hospital has been able to turn the lights on.

The Mississippi-based CIGS manufacturer cites “intense” competition from imports.

Almost exactly one month after Level Solar slipped the surly bonds of business and left the solar industry for good, SUNation Solar Systems has been approved by the former company’s board of directors to take over servicing those accounts.

A bankruptcy court has approved the additional loan, which should allow the main creditors of the bankrupt cell and module maker to continue their pursuit the Section 201 case.

Workers at the New York solar installer that tried to disappear without a peep last week have filed a class action lawsuit against the firm, alleging that it violated the federal Worker Adjustment and Retraining Notification Act (WARN Act)

The company has replaced CEO Paul Nahi, who abruptly stepped down a month ago, with an executive from the semiconductor industry

Six days ago, a judge in Nevada approved the company’s reorganization, saying the company had met all its obligations. The approval gives HelioPower the green light to resume doing business.

Russian-backed firm goes belly up, leaving an old Phillip Morris factory in Concord, N.C., empty and its entire workforce search for answers about why.