Maxeon Solar Technologies ( (MAXN) ) has shared an announcement.
On March 31, 2025, Maxeon Solar Technologies completed the sale of its ‘Rest-of-the-World’ Distributed Generation Business to Lumetech B.V. and TCL Sunpower International Pte. Ltd., subsidiaries of its controlling shareholder, TCL Zhonghuan Renewable Energy Technology Co Ltd. This transaction, which involved the transfer of equity interest and trademarks for a total consideration of USD$6.74 million, is part of Maxeon’s strategic restructuring efforts, allowing the company to focus on its core operations and potentially improve its market positioning.
More about Maxeon Solar Technologies
Maxeon Solar Technologies is a company operating in the solar energy industry, primarily focused on manufacturing and selling solar panels and related technologies. The company is known for its high-efficiency solar products and has a significant market presence in various regions worldwide.
YTD Price Performance: -65.49%
Average Trading Volume: 279,427
Technical Sentiment Signal: Buy
Current Market Cap: $44.8M
See more data about MAXN stock on TipRanks’ Stock Analysis page.