SunPower, Inc. (NASDAQ: SPWR)

This investigation is for anyone who acquired securities in SunPower, Inc. (NASDAQ: SPWR) prior to April 14, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had in place financial controls sufficient to prevent the Company from overstating revenue when the Company lacked such controls.

On April 14, 2026, SunPower disclosed that its financial statements for the first three fiscal quarters of 2025 “contain material errors and should no longer be relied upon and should be restated.” The Company specified that the errors “related to the recognition of revenue (and related cost of revenues, sales commissions, sales and marketing, and general and administrative expenses), and interest expense.” On the same day, the Company filed its annual report for the 2025 fiscal year, which noted that GAAP revenue totaled $300 million, down from $308.75 million previously reported due to the removal of double bookings, and an approximately $26.9 million GAAP operating loss following a one-time balance sheet cleanup. 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, Inc. (NASDAQ: SPWR) prior to April 14, 2026 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.