Maxeon Announces Restructuring of Business Portfolio [Yahoo! Finance]
Maxeon Solar Technologies, Ltd. - Ordinary Shares (MAXN)
Company Research
Source: Yahoo! Finance
SINGAPORE Nov. 26, 2024 /PRNewswire/ -- Maxeon Solar Technologies (NASDAQ: MAXN) today announced a broad strategic restructuring of the Company's business portfolio and geographic market focus. Going forward, the Company intends to focus exclusively on the U.S. market where its market presence and planned local manufacturing footprint create a strong platform to drive growth and profitability. As a key part of this strategy, Maxeon has executed a five-year lease of an existing building in Albuquerque, New Mexico and plans to begin solar panel manufacturing in this 2 GW capacity facility in early 2026. In rest-of-world markets, Maxeon and TCL Technology Group, the parent company of its majority shareholder ("TCL Group") have reached agreement-in-principle for the sale of Maxeon's EMEA, APAC and LATAM sales and marketing organization to TCL Group which will be incorporated into a newly formed solar solutions business unit, TCL SunPower International ("TCL SunPower"). The two companie
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News
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- Maxeon Solar Technologies Announces Third Quarter 2024 Financial ResultsPR Newswire
- Thanksgiving week still brings business news [Yahoo! Finance]Yahoo! Finance
- Maxeon Solar Technologies restructures to focus on US market [Yahoo! Finance]Yahoo! Finance
- Maxeon Announces Restructuring of Business PortfolioPR Newswire
MAXN
Earnings
- 12/5/24 - Beat
MAXN
Sec Filings
- 12/10/24 - Form 6-K
- 12/5/24 - Form 6-K
- 12/2/24 - Form 6-K
- MAXN's page on the SEC website