INVESTOR ALERT: Kaskela Law LLC Announces Investigation of SunPower Corp. and Encourages Current SPWR Stockholders to Contact the Firm

PHILADELPHIA, June 25, 2022 (GLOBE NEWSWIRE) -- Investor protection law firm Kaskela Law LLC announces that it is investigating SunPower Corp. (“SunPower” or the “Company”) (NASDAQ: SPWR) on behalf of the company’s current stockholders.

On January 20, 2022, SunPower disclosed 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 on January 21, 2022 at $15.80 per share.

Current SunPower stockholders who purchased or acquired their shares prior to January 20, 2022 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or 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 investigation and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation, and has helped recover in excess of $100 million on behalf of victimized investors. 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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