maxeon

Maxeon shipped just 153.2MW of modules in the first half of this year, just 15% of the capacity sold in the first half of 2024.

Maxeon shipped just 211MW in the fourth quarter of 2024, driving a year-end revenue of less than half of what was reported in 2023.

US Customs & Border Protection (CBP) has denied Maxeon’s protests made against its detention of the company’s modules brought into the US.

Maxeon opened the case in June 2023. The case concerns shingled solar cell technology patents used in Maxeon’s Performance line modules

The demise of SunPower and the ongoing struggles of Maxeon dominated the news in Q3 2024, along with forecasts of a lengthy industry downturn.

The company recorded losses of US$179.1 million in Q3, with revenues of US$88.5 million, in a continually difficult year.

Maxeon has reached an agreement-in-principle for the sale of Maxeon's EMEA, APAC and LATAM sales and marketing organisation to TCL Technology Group, the parent company of Maxeon’s majority shareholder, TCL Group.

Maxeon has announced plans to submit 'one or more protests' against CBP for its continued detainment of its modules produced in Mexico.

TCL Zhonghuan Renewable Energy is Maxeon's largest shareholder and invested almost US$200 million in the company this year.

The Nasdaq Stock Market has moved to delist Maxeon from its global select market following the fall of its share price below US$0.10.