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0.0230849947534102 0.00577124868835252 0.0047219307450158 0.00682056663168938 -0.121720881427072 -0.128803777544596 -0.119622245540399 -0.126967471143757
Stock impact report

Kirby McInerney LLP Reminds Maxeon Solar Technologies, Ltd. (MAXN) Investors of Class Action Filing and Encourages Investors to Contact the Firm

Maxeon Solar Technologies, Ltd. - Ordinary Shares (MAXN) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Maxeon Solar Technologies, Ltd. (“Maxeon” or the “Company”) (NASDAQ: MAXN) securities during the period of November 15, 2023 through May 29, 2024, inclusive (“the Class Period”). Investors have until August 26, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.[Click here to learn more about the class action]On May 30, 2024, Maxeon announced financial results for the first quarter 2024 in a press release, reporting a 41% year-over-year decline in revenue to $187.5 million. The Company disclosed that it was facing a serious cash flow challenge as the result of, in part, the termination of the SunPower supply agreement. The Company revealed that, as a result, it was forced to negotiate commitments for significant liquidity support which w Show less Read more
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