Maxeon Solar Technologies (MAXN) has released an update.
Maxeon Solar Technologies has terminated a Solar Module Supply Agreement with Origis Procurement, LLC, due to a breach of contract for not purchasing the agreed quantities. Origis disputes the termination, claiming it is invalid, and has issued a counter-termination notice, citing a convenience clause that limits their liability to Maxeon. This ongoing dispute has potential implications for Maxeon’s operations and stock performance.
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