2022-05-28 | NDAQ:SPWR | Press release

Philadelphia, Pa.–(Newsfile Corp. – May 28, 2022) – Kaskela Law LLC announces it is investigating SunPower Corp. (“SunPower” or the “Company”) (NASDAQ: SPWR) on behalf of the current shareholders of the company.

On Jan. 20, 2022, SunPower disclosed that it had “identified a cracking issue that has developed over time in certain factory-installed connectors” and that the company “anticipates approximately $27 million in charges related to the supplier quality in the fourth quarter of 2021 and approximately $4 million in the first quarter of 2022” to replace the defective connectors. On this news, SunPower common stock fell $3.22, or nearly 17% in value, to close Jan. 21, 2022 at $15.80 per share.

Current SunPower Shareholders Who Purchased or Acquired Their Shares before January 20, 2022 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/sunpower-corporation/ to receive additional information about this investigation and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger and acquisition litigation. For more information about the firm, please visit www.kaskelalaw.com. This notice may constitute advertising for attorneys in some jurisdictions.

CONTACT:

D.Seamus Kaskela, Esq.

Adrienne Bell, Esq.

SARL DE LOI KASKELA

18 Campus Blvd., Suite 100

Newtown Square, Pennsylvania 19073

(484) 229 – 0750

(888) 715 – 1740

www.kaskelalaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125673