SUNPOWER CORPORATION

(SPWR)
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Delayed Nasdaq  -  05/23 04:00:00 pm EDT
16.58 USD   -0.12%
05/18SUNPOWER CORP : Submission of Matters to a Vote of Security Holders (form 8-K)
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05/16Sunpower Group Books Lower Profit in Q1 Despite Revenue Jump; Shares Drop 5%
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05/12IKEA U.S. joins forces with SunPower to offer home solar solutions in the United States
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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of SunPower Corporation (SPWR) on Behalf of Investors

01/21/2022 | 08:07pm EDT

Law Offices of Howard G. Smith announces an investigation on behalf of SunPower Corporation (“SunPower” or the “Company”) (NASDAQ: SPWR) investors concerning the Company’s possible violations of the federal securities laws.

On January 21, 2022, SunPower announced that it had “identified a cracking issue that developed over time in certain factory-installed connectors.” 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, SunPower’s stock fell $3.22, or 16.9%, to close at $15.80 on January 21, 2022, thereby injuring investors.

If you purchased SunPower securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2022
All news about SUNPOWER CORPORATION
05/18SUNPOWER CORP : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
05/16Sunpower Group Books Lower Profit in Q1 Despite Revenue Jump; Shares Drop 5%
MT
05/12IKEA U.S. joins forces with SunPower to offer home solar solutions in the United States
PR
05/12IKEA U.S. Joins Forces with SunPower Corp. to Offer Home Solar Solutions in the United ..
CI
05/11Sunpower Corporation Announces Resignation of Regan J. MacPherson as Chief Legal Office..
CI
05/11SUNPOWER CORP : Change in Directors or Principal Officers (form 8-K)
AQ
05/06SUNPOWER CORP : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF..
AQ
05/05SunPower Q1 Earnings Shrink While Revenue Increases Almost 46% Over Year-Ago Levels
MT
05/05SUNPOWER : Q1 Earnings Snapshot
AQ
05/05TRANSCRIPT : SunPower Corporation, Q1 2022 Earnings Call, May 05, 2022
CI
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Analyst Recommendations on SUNPOWER CORPORATION
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Financials (USD)
Sales 2022 1 604 M - -
Net income 2022 36,5 M - -
Net cash 2022 70,3 M - -
P/E ratio 2022 91,7x
Yield 2022 -
Capitalization 2 882 M 2 882 M -
EV / Sales 2022 1,75x
EV / Sales 2023 1,36x
Nbr of Employees 3 660
Free-Float 42,9%
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Mean consensus HOLD
Number of Analysts 16
Last Close Price 16,58 $
Average target price 21,07 $
Spread / Average Target 27,1%
EPS Revisions
Managers and Directors
Peter Faricy Chairman, President & Chief Executive Officer
Manavendra S. Sial Chief Financial Officer & Executive Vice President
Derek Kuzak Executive Vice President-Operations
Douglas J. Richards Chief People Officer & EVP-Administration
Thomas R. McDaniel Lead Independent Director
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