Investing.com -- SunPower Inc. (NASDAQ:SPWR) stock dropped 3.7% in after-hours trading Monday following the company’s announcement that it received a deficiency notification from Nasdaq for failing to file its third quarter financial report on time.
The solar technology company disclosed that Nasdaq Listing Qualifications staff sent the notification on November 19, citing non-compliance with listing rules that require timely filing of periodic reports with the SEC. SunPower failed to submit its Quarterly Report on Form 10-Q for the quarter ended September 28, 2025 by the required deadline.
According to the company’s statement, SunPower now has 60 calendar days to submit a plan to regain compliance with Nasdaq’s listing requirements. The company had previously filed a Form 12b-25 notice with the SEC on November 12, explaining that the delay occurred because it needed additional time to "compile and process certain information" for inclusion in the quarterly report.
SunPower indicated it anticipates filing the delayed third quarter report during the week of November 24, 2025. The company did not provide specific details about the nature of the information causing the delay.
The compliance issue comes at a challenging time for solar companies facing industry-wide pressures. SunPower’s stock movement reflects investor concern about potential regulatory complications that could arise from delayed financial reporting.
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