SunPower Says SEC Issued Subpoena on Revenue Recognition in Feb.

SunPower says the SEC issued a document subpoena on February 28, 2024 relating to its revenue recognition practices.

• Focus of investigation on periods covered by the Affected Financial Statements and 4Q 2023
• Co. says Audit Committee authorized internal review and is being conducted by outside law firm
• SunPower intends to fully cooperate with investigation

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Cara Moffat in Los Angeles at cmoffat@bloomberg.net

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Zachary Fleming at zfleming2@bloomberg.net

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