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The filed complaint alleges that Sempra made materially false and/or misleading statements and/or failed to disclose that: Before the market opened, Sempra released its fourth-quarter and full-year 2024 financial results on February 25, 2025, reporting annual revenue of $3.76 billion—falling $970 million short of consensus estimates. The company also lowered its 2025 earnings guidance to a midpoint of $4.50 per share, down from the previous $5.00 per share outlook. Sempra attributed the disappointing results to “higher interest and operating expenses and lower consumption primarily due to mild weather.” Following this news, Sempra’s stock price dropped over 19% on the same day, causing investor losses.
In order to be eligible to join the SRE class action lawsuit, you must have incurred a loss on shares of Sempra purchased during the class period listed above.
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