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SunPower Corp. (NASDAQ: SPWR)
Copyright © 2006-2016 Law Offices of Howard G. Smith
This lawsuit is for anyone who acquired securities in SunPower Corp. (NASDAQ: SPWR) from February 17, 2016 through August 9, 2016.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, during the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company knew, but failed to timely reveal, that the extension of the Investment Tax Credit would curtail demand for its product.

On August 9, 2016, SunPower announced second quarter 2016 financial results forecasting poor performance in the coming quarters. The Company stated, in relevant part, “we see a number of near-term industry challenges, primarily in our power plant segment, that we expect to impact our business and financial performance in the second half of 2016. The extension of the Investment Tax Credit, as well as the bonus depreciation credit, while beneficial to the long-term health of the industry, has reduced the urgency to complete new solar projects by the end of 2016, with many customers adopting a longer-term timeline for project completion. Additionally, near-term economic returns have deteriorated due to aggressive PPA pricing by new market entrants, including a number of large, global independent power companies.” On this news, the price of the Company's stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in SunPower Corp. (NASDAQ: SPWR) from February 17, 2016 through August 9, 2016 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
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I, the Plaintiff, certify that:
1.  I have reviewed the Complaint and authorized its filing.

2.  Plaintiff did not purchase the security that is the subject of this
     action, at the direction of plaintiff's counsel or in order to   
     participate in any private action arising under this title.

3.  I am willing to serve as a representative party on behalf of a class
     and will testify at deposition and trial, if necessary.

4.  My transactions in the securities, which are the subject of this 
     action, during the Class Period set forth in the Complaint are as
     follows:
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5.  I have not served as a representative party on behalf of a class
     under the federal security laws during the last three years, except
     if detailed below.
6.  I will not accept any payment for serving as a representative party,
     except to receive my pro rata share of any recovery or as ordered
     or approved by the court including the award to a representative
     plaintiff of reasonable costs and expenses (including lost wages)
     directly relating to the representation of the class.
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