SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SunPower Corporation (SPWR) and Encourages Long-Term Current SPWR Shareholders to Contact the Firm
PHILADELPHIA, March 15, 2022 (GLOBE NEWSWIRE) — Investor protection law firm Kaskela Law LLC announces that it is investigating SunPower Corporation (NASDAQ: SPWR) (“SunPower” or the “Company”) on behalf of the company’s long-term shareholders.
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 ([email protected]) 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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