According to the Complaint, SunPower Corporation provides photovoltaic (“PV”) solar energy generation systems and battery energy storage products. Its solar solutions are designed for residential customers, with PV systems that convert sunlight into electricity using semiconducting materials.

The Complaint alleges that during the Class Period, Defendants made false and misleading statements and omissions, and engaged in a scheme to deceive the market and that these false and misleading statements and omissions artificially inflated the price of SunPower common stock and operated as a fraud or deceit on the Class. As a result of their purchases of SunPower common stock during the Class Period, Plaintiff and other members of the Class suffered economic loss, i.e., damages, under the federal securities laws.

Plaintiff voluntarily dismissed this case on August 8, 2024.