Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Sept. 29, 2022 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Sunlight Financial Holdings Inc. ("Sunlight" or the "Company") (NYSE: SUNL) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Sunlight stock. Sunlight investors are encouraged to contact the firm to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On September 28, 2022, Sunlight announced that, “an installer liquidity event and volatile interest rates will impact its full-year 2022 financial performance. As a result, the Company is withdrawing its previously-provided full-year 2022 outlook metrics.”
The Company further disclosed that, “One of Sunlight's largest solar installers has notified the Company that due to cash flow challenges, the installer is in the process of winding down its operations, likely restricting its ability to fully meet its financial obligations. As a result, Sunlight expects to impair $30 to $33 million in advances to that installer on the Company's balance sheet as of September 30, 2022.”
On this news, Sunlight's stock fell over 50% on September 29, 2022, thereby injuring investors.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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