SunPower Corporation – SPWR
Date25 Jan 2022//
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of SunPower Corporation (“SunPower” or the “Company”) (NASDAQ: SPWR). The class action investigation concerns whether SunPower violated federal securities laws or engaged in unlawful business practices.
SUNPOWER INVESTORS WHO HAVE SUFFERED FINANCIAL LOSSES ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE.
On January 20, 2022, SunPower announced that “[t]hrough a product quality assessment, the company has identified a cracking issue that developed over time in certain factory-installed connectors within third-party commercial equipment supplied to SunPower.”
SunPower stated that “SunPower expects approximately $27 million of supplier-quality related charges in fourth quarter 2021 and approximately $4 million in the first quarter of 2022 as it pursues recovery of costs from the suppliers. The charges are expected to be funded with cash on hand.”