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Maxeon Solar Technologies ( (MAXN) ) has provided an announcement.
On February 18, 2025, Maxeon Solar Technologies entered into a definitive Sale and Purchase Agreement with Lumetech B.V. and TCL Sunpower International Pte. Ltd., subsidiaries of TCL Zhonghuan Renewable Energy Technology Co Ltd., to sell its non-US, ‘rest-of-the-world’ distributed generation business. The transaction, valued at approximately USD 29 million, involves the acquisition of 100% equity interest in certain non-U.S. subsidiaries of Maxeon. The deal is contingent upon various approvals and customary closing conditions, with potential impacts on Maxeon’s operational focus and strategic positioning in the solar industry.
More about Maxeon Solar Technologies
Maxeon Solar Technologies is a Singapore-based company specializing in solar technology and energy solutions. It focuses on providing solar panels and systems with a significant presence in the global market, particularly outside the United States.
YTD Price Performance: -32.39%
Average Trading Volume: 543,249
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $87.76M
See more insights into MAXN stock on TipRanks’ Stock Analysis page.
