IRVINE, CA / ACCESSWIRE / July 18, 2017 / Khang & Khang LLP (the "Firm") announces a securities class action lawsuit against SunPower Corporation ("SunPower" or the "Company") (NASDAQ: SPWR). Investors who purchased or otherwise acquired SunPower shares from February 17, 2016 through August 9, 2016, inclusive (the "Class Period"), are encouraged to contact the Firm by the July 21, 2017 lead plaintiff motion deadline.
If you purchased SunPower shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case yet, and until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint alleges that during the Class Period, SunPower made materially false and/or misleading statements and/or failed to disclose: that a significant number of its customers were adopting a longer-term timeline for project completion; that SunPower's near-term economic returns were deteriorating due to aggressive PPA pricing by new market entrants; that market disruption in the YieldCo environment was affecting the Company's assumptions related to monetizing deferred profits; that as a result, demand for SunPower products was significantly declining; that the Company implemented a manufacturing realignment that would result in significant restructuring charges; that the Company's fiscal year 2016 guidance was overstated; and that as a result of the above, SunPower's statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. When this information reached the public, SunPower's stock price dropped materially, which harmed investors according to the Complaint.
If you want to learn more about this lawsuit, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or via e-mail at joon@khanglaw.com.
This press release may be considered Attorney Advertising in some jurisdictions.
Contact
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
ReleaseID: 468676
