An investigation for investors in SunPower Corporation (NASDAQ:SPWR) shares over potential securities laws violations by SunPower Corporation was announced.
San Diego, CA -- (SBWIRE) -- 02/14/2022 -- SunPower Corporation is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of SunPower Corporation (NASDAQ: SPWR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by SunPower Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 21, 2022, SunPower Corporation announced that it had "identified a cracking issue that developed over time in certain factory-installed connectors." v "expects approximately $27 million of supplier-quality related charges in fourth quarter 2021 and approximately $4 million in the first quarter of 2022" to replace the faulty connectors.
Shares of SunPower Corporation (NASDAQ: SPWR) declined from $21.75 per share on January 3, 2022, to as low as $14.32 per share on January 24, 2022.
Those who purchased shares of SunPower Corporation (NASDAQ: SPWR) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.