LOS ANGELES–(BUSINESS WIRE)–LundinLaw PC (the “Firm”) announces that a class action lawsuit has been filed against SunPower Corporation (“SunPower” or the “Company”)(Nasdaq: SPWR) concerning possible violations of federal securities lawsbetween February 17, 2016 and August 9, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 17, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at [email protected].

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The complaint alleges that the Company made false and misleading statements and/or failed to disclose: that many of SunPower’s customers were adopting a longer-term timeline for project completion; that the Company’s near-term economic returns were deteriorating due to aggressive PPA pricing by new market entrants; that market disruption in the Yield Co environment was affecting SunPower’s assumptions related to monetizing deferred profits; that demand for the Company’s products was significantly declining; that the Company would implement a manufacturing realignment that would result in significant restructuring charges; that the Company’s fiscal year 2016 guidance was overstated;and 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.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

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