SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SunPower Corporation – SPWR

Apr 11th, 2022 19:50 EST

NEW YORK, April 11, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of SunPower Corporation (“SunPower” or the “Company”) (NASDAQ: SPWR).  Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether SunPower and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On January 20, 2022, SunPower announced that it had “identified a cracking issue that developed over time in certain factory-installed connectors” and that the Company “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. 

On this news, SunPower’s stock price fell $3.22 per share, or 16.9%, to close at $15.80 per share on January 21, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:Robert S. WilloughbyPomerantz LLP[email protected]888-476-6529 ext. 7980

SOURCE Pomerantz LLP

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