Maxeon solar energy technologies (MAXN) has released an update.
Maxeon Solar Technologies has received approval from the Committee on Foreign Investment in the United States for a strategic investment by TCL Zhonghuan Renewable Energy Technology. The company has entered into a National Security Agreement with US government agencies and is now reviewing its plans for a greenfield site in Albuquerque, New Mexico. Maxeon plans to start manufacturing solar panels at a brownfield site in Albuquerque by 2026 as part of its strategic restructuring.
For more insight into MAXN stock, check out TipRanks’ Stock Analysis Page.
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