Maxeon Solar Technologies, a leading solar panel manufacturer, has announced a strategic decision to focus its business operations exclusively in the U.S. market. The company plans to leverage its market presence and upcoming local manufacturing capabilities to drive growth and profitability. Maxeon has signed a five-year lease for a facility in Albuquerque, New Mexico, with plans to start solar panel production in early 2026.
In a move to streamline global operations, Maxeon has reached an agreement with TCL Technology Group for the sale of its sales and marketing divisions in various regions. These divisions will be integrated into TCL SunPower International, a new solar solutions business unit. Additionally, TCL Group will acquire Maxeon’s manufacturing operations in the Philippines. Maxeon’s CEO, George Guo, emphasized the importance of expanding the company’s network and meeting U.S. customers’ needs.
Amid these changes, Maxeon Solar has undergone a reverse stock split and capital restructuring plan. Analysts have responded cautiously to these developments, with varying ratings and price targets. This strategic realignment by Maxeon is expected to impact its market position in the solar energy industry. Investors are closely watching these moves and their potential effects on the company’s financial landscape.
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