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 (abell@kaskelalaw.com) 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