Maxeon Solar Technologies (MAXN) has released an update.
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Maxeon Solar Technologies is restructuring its business to focus solely on the U.S. market, with plans to establish a 2 GW solar panel manufacturing facility in Albuquerque, New Mexico. Concurrently, the company is selling its EMEA, APAC, and LATAM operations to TCL Group, which will integrate them into a new unit, TCL SunPower International. This move aims to boost Maxeon’s innovation-driven growth in the U.S. while TCL expands its global solar solutions footprint.
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