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Maxeon Solar Technologies, achieves a module aperture efficiency of 24.9% for its Maxeon 7 panel, extending its technology leadership in solar innovation. The panels are also certified for impact resistance from hail up to 45mm diameter, providing increased reliability and durability for solar installations globally.
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-0.9%
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Maxeon Solar Technologies, Ltd. (MAXN) announces the completion of a new solar installation featuring its next-generation Maxeon IBC solar panels with the world's highest conversion rate efficiency of 24.1%. The project sets a new industry benchmark, showcasing Maxeon's innovation leadership and ability to provide top-quality, high-performing solar solutions. The Maxeon 7 panels offer increased energy production, superior output, and unmatched reliability, with a 40-year warranty. The technology eliminates hotspot risks and ensures long-term power output protection.
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14.12%
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Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) has been included in the Corporate Knights Global 100 index for the second consecutive year, ranking number 44 among the world's most sustainable corporations. The company scored well for its sustainable supply chain, employee health and safety, and female representation in management. Maxeon's CEO, Bill Mulligan, expressed pride in the company's sustainability efforts, emphasizing the exceptional performance and longevity of its products. The Chief Legal and Sustainability Officer, Lindsey Wiedmann, highlighted the company's commitment to corporate responsibility and climate action. Maxeon has also received recent accolades for its sustainability achievements, including the 'Sustainable Business' award at the United Nations Global Compact Network Singapore's Apex Award ceremony and the 'Best Solar Company' award at the World ESG Summit Asia in Kuala Lumpur.
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6.92%
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Maxeon Solar Technologies, Ltd. introduces its new Commercial Partner Program, aiming to empower U.S. solar installers and dealers with innovative product offerings, exceptional support, and exclusive benefits. The program offers high-efficiency modules, consultative sales support, comprehensive marketing assets, and co-branding opportunities. Maxeon's legacy of leadership and sustainability achievements make it an attractive choice for solar providers.
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Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) files new IP infringement action in the Netherlands and sends cease & desist letter regarding false claims
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20.07%
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Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has initiated an investigation into several companies for infringing its TOPCon solar cell technology patents in the United States. Maxeon is a global leader in solar innovation with a patent portfolio of over 1,600 granted patents and over 360 pending patent applications. The company has filed lawsuits against companies violating its intellectual property rights and plans to rigorously defend its innovations.
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2.53%
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Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) reported $228 million in revenue and $2.7 million in gross income for Q3 2023. The company settled its dispute with SunPower, allowing it to resume shipments and receive a $30 million payment security bond. Maxeon plans to expand its solar cell manufacturing facility in New Mexico and build a TOPCon pilot line in Malaysia. The company expects 2024 to be a pivotal year, with a focus on US utility-scale products and restructuring its DG business.
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Maxeon Solar Technologies, Ltd. (MAXN) and SunPower Corporation (SPWR) announced an amendment of their supply agreement and resolution of disputes. Maxeon will supply modules to SunPower through February 2024, and SunPower will maintain its exclusive right to distribute M-Series products in the U.S. until March 31, 2024. Maxeon will be released from non-circumvention obligations with respect to SunPower dealers and will receive warrants to purchase SunPower common stock in a private placement. Additionally, all outstanding disputes regarding the Master Supply Agreements between the two companies have been resolved.
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Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) filed patent infringement lawsuits against Shanghai Aiko Solar Energy Co., Ltd., its subsidiaries, and wholesaler Memodo GmbH in Germany. The lawsuits allege infringement of Maxeon's European Patent related to proprietary solar cell architectures. Back contact solar cells, such as Maxeon IBC solar cells, maximize efficiency and energy yield. Maxeon is an industry leader in IBC solar cell technology, with a patent portfolio of over 1,600 granted patents and over 360 pending patent applications globally.
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-1.29%
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Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) announces Donald J. Foldenauer as General Manager of its new Mesa Del Sol solar cell and module factory in New Mexico, expected to be the first large-scale PV cell and panel manufacturing facility in the state. The facility's planned capacity is double the size of the largest silicon solar manufacturing facility currently operating in the U.S. Foldenauer will lead the re-shoring and scaling up of Maxeon's U.S. domestic supply chain, creating up to 1,500 highly skilled manufacturing jobs. Maxeon plans to begin construction in the first quarter of 2024, with factory ramp-up in 2025.
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12.77%
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Maxeon Solar Technologies, Ltd. Ordinary Shares
Nasdaq:MAXN
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About MAXN
headquartered in singapore, maxeon designs, manufactures and sells sunpower brand solar panels across more than 100 countries, with operations in africa, asia, oceania, europe and the americas. maxeon is the leader in solar innovation, with access to over 1,000 patents and two best-in-class differentiated solar panel product lines. the company's flagship sunpower maxeon panels reach record-setting efficiency and unmatched reliability while its value line sunpower performance panels offer reliability and output superior to conventional products. both product lines are deployed at some of the highest-performing solar power plants around the world and are installed on residential and commercial rooftops by a global network of more than 1,100 trusted partners and distributors. maxeon is also the exclusive supplier of solar panels to california-based sunpower corporation. as a sustainability pioneer and longstanding advocate for the environment, maxeon solar technologies' manufacturing oper