((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Updates)
February 1 – ** Shares of solar company SunPower
SPWR.O rose 20% to $3.63
**The company says it has received loan extensions through February 16 from Atlas Securitized Products and Bank of America
** It adds that it has received commitments for financing of $20 million from its majority shareholders TotalEnergies TTEF.PA and Global Infrastructure Partners
**The company had raised doubts about going concern in December as it failed to meet the terms of a credit agreement due to a delay in reporting its quarterly results
**The additional $20 million in financial support from the majority owners is positive and points to a potential final resolution. However, the delay is still negative and pushes back the uncertainty on the structure of the final resolution by two weeks,” says Maheep Mandloi, analyst at Mizuho
**Stocks fell 37.3% last month