Investor protection firm Kaskela Law LLC announces that a class action lawsuit has been filed against SunPower Corporation (NASDAQ: SPWR) ("SunPower" or the "Company") on behalf of certain investors who purchased SunPower's securities between August 3, 2021 and January 20, 2022, inclusive (the "Class Period").
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, shares of SunPower's common stock fell $3.22, or nearly 17% in value, to close at $15.80 per share on January 21, 2022.
Current SunPower stockholders who purchased or acquired their shares prior to January 20, 2022 are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 - 0750, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/sunpower-corporation/, for additional information about this action and their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 - 0750
(888) 715 - 1740
www.kaskelalaw.com
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Published by: Newsfile Corp .