Sungevity

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Sungevity Finds a New Buyer

After another round of employee layoffs, the company files for bankruptcy

Posted on Mar 15 2017 by Scott Gibson

Sungevity, a California-based solar company, has laid off more employees and filed for bankruptcy protection from creditors, a report in The Mercury News said.

Once listed fifth in market share by GTM Research, the company has laid off some 410 employees since the start of the year. It filed for Chapter 11 protection on March 13, and arranged for the sale of its remaining assets to an investment group.


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Image Credits:

  1. Mike Mozart / CC BY 2.0 / Flickr

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