Recent Security Class Actions

SunPower Corporation Common Stock (NASDAQ: SPWR)

Company Name:SunPower Corporation Common Stock
Stock Symbol:NASDAQ: SPWR
Class Period Start:08/03/2021
Class Period End (inclusive):01/20/2022

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that certain connectors used by SunPower suffered from cracking issues; (2) that, as a result, the Company was reasonably likely to incur costs to remediate the faulty connectors; (3) that, as a result of the foregoing, SunPower’s financial results would be adversely impacted; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.