Company Website:
http://www.wongesq.com/
NEW YORK -- (Business Wire)
The Law Offices of Vincent Wong announce that a class action lawsuit has
been commenced in the USDC for the Northern District of California on
behalf of investors who purchased SunPower Corporation (NASDAQ:SPWR)
securities between February 17, 2016 and August 9, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra/sunpower-corporation.
There is no cost or obligation to you.
According to the complaint, SunPower made false and/or misleading
statements and/or failed to disclose that: (1) a substantial number of
the Company’s customers were adopting a longer-term timeline for project
completion; (2) the Company’s near-term economic returns were
deteriorating due to aggressive PPA pricing by new market entrants; (3)
market disruption in the YieldCo environment was impacting the Company’s
assumptions related to monetizing deferred profits; (4) as such, demand
for the Company’s products was significantly declining; and (5) in
response, the Company would implement a manufacturing realignment that
would result in significant restructuring charges.
On August 9, 2016, SunPower announced it would decrease its fiscal year
2016 guidance from a net income of between $0 and $50 million, to a net
loss of between $175 and $125 million.
If you suffered a loss in SunPower you have until October
17, 2016to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn’t require that
you serve as a lead plaintiff. To obtain additional information, contact
Vincent Wong, Esq. either via email vw@wongesq.com,
by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/sunpower-corporation.
Vincent Wong, Esq. is an experienced attorney that has represented
investors in securities litigations involving financial fraud and
violations of shareholder rights. Attorney advertising. Prior results do
not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161005005804/en/
Contacts:
The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-425-1140
Fax:
866-699-3880
vw@wongesq.com
Source: The Law Offices of Vincent Wong
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