Ashford Hospitality Trust (AHT) has made significant moves, including the sale of a Georgia hotel, the relinquishment of control over 14 additional hotels, a leadership change, and the announcement of a financial restructuring plan. These actions are part of AHT’s ongoing efforts to address underperforming assets and strengthen its financial position.
Beleaguered solar giant SunPower Corp. (NASDAQ: SPWR) has announced a series of cost-cutting measures, including workforce reductions, residential installation location closures, and the discontinuation of direct sales. The move comes amid ongoing financial challenges and a revision of the company’s past financial results. SunPower’s restructuring aims to simplify its operations, reduce expenses, and focus on more sustainable and profitable areas within the solar industry.
