Enhanced Investments - Financial Portal

Grabar Law Office Investigates Claims on Behalf of Shareholders of SunPower Corp. (SPWR)

Published: 2023-11-20 17:32:00 ET

Philadelphia, Pennsylvania--(Newsfile Corp. - November 20, 2023) - A recently filed securities fraud class action complaint alleges that SunPower Corp. (NASDAQ: SPWR), via certain of its officers and directors, misled investors by failing to disclose that: (1) due to a material weakness in its internal control over financial reporting, the Company had inaccurately reported cost of revenue and inventory metrics; (2) as a result of the foregoing the Company was reasonably likely to incur significant charges to restate prior reporting; and (3) 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.

Current SunPower shareholders who have held SunPower shares since prior to August 31, 2021, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award at no cost to them whatsoever.

If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/the-latest/sunpower-shareholder-investigation/, or contact Joshua Grabar at jgrabar@grabarlaw.com, or Mia R. Heller at mheller@grabarlaw.com, or call 267-507-6085.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/188062

SOURCE Grabar Law Office

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.