Sun Power What Happened: SunPower, once a pioneer in the U.S. residential solar market, collapsed following executive departures and a Securities and Exchange Commission (SEC) subpoena regarding its accounting practices. Biden Connection: The company was awarded a \(\$6.7\) million grant from the Biden-led DOE and a \(\$1.4\) million contract from NASA shortly before its financial downfall.
The Solyndra Comparison What Happened: Because of these recent collapses, critics have drawn comparisons to Solyndra, a solar panel manufacturer that went bankrupt in 2011 after receiving a \(\$500\) million federal loan during the Obama-Biden administration
