{"success":true,"data":{"pressRelease":{"id":"7079","rtpr_id":"nACSg03Jka","ticker":"SPWR","exchange":"NASDAQ","all_tickers":["SPWR"],"title":"Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against SunPower, Inc. (SPWR) and Encourages Stockholders to Learn More About the Investigation","author":"ACCESSWIRE","published_at":"2026-04-23T15:00:03.136Z","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / April\n23, 2026 / Bronstein, Gewirtz & Grossman, LLC is investigating potential\nclaims on behalf of purchasers of SunPower, Inc. (\"SunPower\" or \"the Company\")\n(NASDAQ:SPWR). Investors who purchased SunPower securities are encouraged to\nobtain additional information and assist the investigation by visiting the\nfirm's site: bgandg.com/SPWR.\n(https://bgandg.com/SPWR/?utm_source=accesswire&utm_medium=pressrelease&utm_campaign=SPWR)\n(https://app.accessnewswire.com/imagelibrary/e624cd51-d5e4-4dc9-a426-504d0f4bf3dc/image.png)\nSunPower Investigation Details\n\nOn April 14, 2026, SunPower disclosed that its financial statements for the\nfirst three fiscal quarters of 2025 \"contain material errors and should no\nlonger be relied upon and should be restated.\" The Company specified that the\nerrors \"related to the recognition of revenue (and related cost of revenues,\nsales commissions, sales and marketing, and general and administrative\nexpenses), and interest expense.\" On the same day, the Company filed its\nannual report for the 2025 fiscal year, which noted that GAAP revenue totaled\n$300 million, down from $308.75 million previously reported due to the removal\nof double bookings, and an approximately $26.9 million GAAP operating loss\nfollowing a one-time balance sheet cleanup. Following this news, SunPower's\nstock price dropped.\n\nWhat's Next for SunPower Investors?\n\nIf you are aware of any facts relating to this investigation or purchased\nSunPower securities, you can assist this investigation by visiting the firm's\nsite: bgandg.com/SPWR\n(https://bgandg.com/SPWR/?utm_source=accesswire&utm_medium=pressrelease&utm_campaign=SPWR).\nYou can also contact Peretz Bronstein or his client relations manager, Nathan\nMiller, of Bronstein, Gewirtz & Grossman, LLC: 917-590-0911 (tel:+9175900911)\n\nNo Cost to SunPower Investors\n\nWe, Bronstein, Gewirtz & Grossman, LLC, represent investors in class actions\non a contingency fee basis. That means we will ask the court to reimburse us\nfor out-of-pocket expenses and attorneys' fees, usually a percentage of the\ntotal recovery, only if we are successful.\n\nWhy Bronstein, Gewirtz & Grossman, LLC for SunPower Securities Investigation?\n\nBronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that\nrepresents investors in securities fraud class actions and shareholder\nderivative suits. Our firm has recovered hundreds of millions of dollars for\ninvestors nationwide.\n\n\"Our practice centers on restoring investor capital and ensuring corporate\naccountability, which serves to uphold the essential integrity of the\nmarketplace,\" said Peretz Bronstein\n(https://www.linkedin.com/in/peretz-bronstein-65a1b411), Founding Partner of\nBronstein, Gewirtz & Grossman, LLC.\n\nFollow us for updates on LinkedIn\n(https://www.linkedin.com/company/bronstein-gewirtz-&-grossman-llc/), X\n(https://x.com/bgandg_law), Facebook (https://www.facebook.com/BGandG/), or\nInstagram (https://www.instagram.com/bg_and_g/).\n\nContact Info\n\nPeretz Bronstein, Esq. or Nathan Miller\nBronstein, Gewirtz & Grossman, LLC\n917-590-0911 (tel:+9175900911) | info@bgandg.com\n\nAttorney advertising.\n\nPrior results do not guarantee similar outcomes.\n\nSOURCE: Bronstein, Gewirtz & Grossman, LLC\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/bronstein-gewirtz-and-grossman-llc-announces-an-investigation-ag-1159502)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSg03Jka","title":"Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against SunPower, Inc. (SPWR) and Encourages Stockholders to Learn More About the Investigation","author":"ACCESSWIRE","ticker":"SPWR","created":"2026-04-23T15:00:03.136Z","tickers":["SPWR"],"exchange":"NASDAQ","article_body":"NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/) / April\n23, 2026 / Bronstein, Gewirtz & Grossman, LLC is investigating potential\nclaims on behalf of purchasers of SunPower, Inc. (\"SunPower\" or \"the Company\")\n(NASDAQ:SPWR). Investors who purchased SunPower securities are encouraged to\nobtain additional information and assist the investigation by visiting the\nfirm's site: bgandg.com/SPWR.\n(https://bgandg.com/SPWR/?utm_source=accesswire&utm_medium=pressrelease&utm_campaign=SPWR)\n(https://app.accessnewswire.com/imagelibrary/e624cd51-d5e4-4dc9-a426-504d0f4bf3dc/image.png)\nSunPower Investigation Details\n\nOn April 14, 2026, SunPower disclosed that its financial statements for the\nfirst three fiscal quarters of 2025 \"contain material errors and should no\nlonger be relied upon and should be restated.\" The Company specified that the\nerrors \"related to the recognition of revenue (and related cost of revenues,\nsales commissions, sales and marketing, and general and administrative\nexpenses), and interest expense.\" On the same day, the Company filed its\nannual report for the 2025 fiscal year, which noted that GAAP revenue totaled\n$300 million, down from $308.75 million previously reported due to the removal\nof double bookings, and an approximately $26.9 million GAAP operating loss\nfollowing a one-time balance sheet cleanup. Following this news, SunPower's\nstock price dropped.\n\nWhat's Next for SunPower Investors?\n\nIf you are aware of any facts relating to this investigation or purchased\nSunPower securities, you can assist this investigation by visiting the firm's\nsite: bgandg.com/SPWR\n(https://bgandg.com/SPWR/?utm_source=accesswire&utm_medium=pressrelease&utm_campaign=SPWR).\nYou can also contact Peretz Bronstein or his client relations manager, Nathan\nMiller, of Bronstein, Gewirtz & Grossman, LLC: 917-590-0911 (tel:+9175900911)\n\nNo Cost to SunPower Investors\n\nWe, Bronstein, Gewirtz & Grossman, LLC, represent investors in class actions\non a contingency fee basis. That means we will ask the court to reimburse us\nfor out-of-pocket expenses and attorneys' fees, usually a percentage of the\ntotal recovery, only if we are successful.\n\nWhy Bronstein, Gewirtz & Grossman, LLC for SunPower Securities Investigation?\n\nBronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that\nrepresents investors in securities fraud class actions and shareholder\nderivative suits. Our firm has recovered hundreds of millions of dollars for\ninvestors nationwide.\n\n\"Our practice centers on restoring investor capital and ensuring corporate\naccountability, which serves to uphold the essential integrity of the\nmarketplace,\" said Peretz Bronstein\n(https://www.linkedin.com/in/peretz-bronstein-65a1b411), Founding Partner of\nBronstein, Gewirtz & Grossman, LLC.\n\nFollow us for updates on LinkedIn\n(https://www.linkedin.com/company/bronstein-gewirtz-&-grossman-llc/), X\n(https://x.com/bgandg_law), Facebook (https://www.facebook.com/BGandG/), or\nInstagram (https://www.instagram.com/bg_and_g/).\n\nContact Info\n\nPeretz Bronstein, Esq. or Nathan Miller\nBronstein, Gewirtz & Grossman, LLC\n917-590-0911 (tel:+9175900911) | info@bgandg.com\n\nAttorney advertising.\n\nPrior results do not guarantee similar outcomes.\n\nSOURCE: Bronstein, Gewirtz & Grossman, LLC\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/business-and-professional-services/bronstein-gewirtz-and-grossman-llc-announces-an-investigation-ag-1159502)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-04-23T15:00:03.437855352Z","server_sent_at_ms":1776956403437},"received_at":"2026-04-23T15:00:03.498Z","source_url":"https://www.accessnewswire.com/newsroom/en/business-and-professional-services/bronstein-gewirtz-and-grossman-llc-announces-an-investigation-ag-1159502"},"analysis":{"id":"5284","press_release_id":"7079","analysis_json":{"industry":{"label":"Capital Goods","sector":"Industrials"},"redFlags":["revenue restatement due to double bookings","material errors in financial statements for first three fiscal quarters","stock price drop following disclosure"],"eventType":"legal_litigation","narrative":"Bronstein, Gewirtz & Grossman, LLC is investigating SunPower on behalf of investors following the company's disclosure of material errors in its financial statements.\n\nSunPower stated that fiscal 2025 revenue was restated to $300 million from $308.75 million due to double bookings and errors in revenue recognition and expense allocation.\n\nThe company reported an approximate $26.9 million GAAP operating loss after a one-time balance sheet cleanup, news that preceded a drop in the stock price.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Securities investigation launched after SunPower reveals accounting irregularities and revenue restatement."},"keyFigures":{"revenue":"$300 million","customDimensions":{"gaap_operating_loss":"$26.9 million","previously_reported_revenue":"$308.75 million"}},"quotedText":"contain material errors and should no longer be relied upon and should be restated","namedEntities":{"people":[{"name":"Peretz Bronstein","role":"Founding Partner"},{"name":"Nathan Miller","role":"Client Relations Manager"}],"products":[],"companies":[{"name":"Bronstein, Gewirtz & Grossman, LLC","relationship":"plaintiff counsel"},{"name":"SunPower, Inc.","ticker":"SPWR"}],"dollarAmounts":[{"amount":"$300 million","context":"restated GAAP revenue for fiscal 2025"},{"amount":"$308.75 million","context":"previously reported revenue prior to restatement"},{"amount":"$26.9 million","context":"GAAP operating loss following balance sheet cleanup"}]},"materialImpact":{"score":4,"reasoning":"Investigation follows a disclosure of material accounting errors requiring restatement of revenue and recognition of a significant operating loss, raising serious governance and financial integrity concerns."},"tickerRelevance":{"others":[],"primary":"SPWR"},"eventTypeSecondary":[]},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"bearish","material_impact_score":4,"narrative":"Bronstein, Gewirtz & Grossman, LLC is investigating SunPower on behalf of investors following the company's disclosure of material errors in its financial statements.\n\nSunPower stated that fiscal 2025 revenue was restated to $300 million from $308.75 million due to double bookings and errors in revenue recognition and expense allocation.\n\nThe company reported an approximate $26.9 million GAAP operating loss after a one-time balance sheet cleanup, news that preceded a drop in the stock price.","key_figures":{"revenue":"$300 million","customDimensions":{"gaap_operating_loss":"$26.9 million","previously_reported_revenue":"$308.75 million"}},"named_entities":{"people":[{"name":"Peretz Bronstein","role":"Founding Partner"},{"name":"Nathan Miller","role":"Client Relations Manager"}],"products":[],"companies":[{"name":"Bronstein, Gewirtz & Grossman, LLC","relationship":"plaintiff counsel"},{"name":"SunPower, Inc.","ticker":"SPWR"}],"dollarAmounts":[{"amount":"$300 million","context":"restated GAAP revenue for fiscal 2025"},{"amount":"$308.75 million","context":"previously reported revenue prior to restatement"},{"amount":"$26.9 million","context":"GAAP operating loss following balance sheet cleanup"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-23T20:50:29.676Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:55.006Z"}},"durationMs":79290,"modelName":"glm-4.7"}}