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Stock impact report

Maxeon Provides Strategic Business Update [Yahoo! Finance]

Maxeon Solar Technologies, Ltd. - Ordinary Shares (MAXN) 
Company Research Source: Yahoo! Finance
provided an update on key business issues, recent transactions, and transformation initiatives. "Maxeon continues to transform its business to compete more effectively in a challenging solar market, and delivering top-tier solar panels and renewable energy solutions to our customers for the long-term remains our highest priority," said George Guo , Maxeon CEO. "While the Company still faces near-term headwinds, we are making progress in strengthening our supply chain versatility and resilience, streamlining operations, increasing efficiency, and reducing cost. We are confident in the future of solar energy and in Maxeon's ability to best meet the needs of our growing U.S. partner and IPP network." Maxeon focuses its energy on the U.S. solar market Maxeon has successfully concluded the previously announced transactions to strategically restructure its business portfolio and geographic market focus to concentrate exclusively on the U.S. market, where its presence and planned onshore Show less Read more
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