Financial HealthGLJ Research’s forensic accounting team believes the financial circumstances at SunPower are dire.
Management And TransparencySunPower's independent auditor, Ernst & Young, resigned for reasons including management malfeasance, an SEC investigation, and a loss of confidence in the company’s ability to provide accurate financial statements.
Stock DilutionIssuing additional warrants for approximately 33.4 million shares of common stock is anticipated to result in further dilution to the equity.