(SPWR) NEWS: Did You Lose Money on Your SunPower Investment? Contact Johnson Fistel Regarding Investigation
SAN DIEGO, January 21, 2022, (Newsfile/ –) — Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by SunPower Corporation (NASDAQ: SPWR).
On January 20, 2022, SunPower disclosed it was replacing third-party connectors in its light commercial value-added reseller and commercial and industrial solutions systems (CIS) because the company said it had found a cracking issue in the connectors. SunPower stated that replacing those connectors will cost it roughly $27 million in the fourth quarter and another $4 million in the first quarter of 2002.
Following this report, the price of SunPower shares closed down 16.96% on January 21, 2022.
Specifically, Johnson Fistel’s investigation seeks to determine whether the Company’s prior investor communications omitted material facts necessary to make the statements made therein not misleading concerning the Company’s business and operations.
If you have information that could assist in this investigation, including past employees and others, or a SunPower shareholder interested in learning more about the investigation, please contact Jim Baker (email@example.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.