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MAXEON SOLAR TECHNOLOGIES, LTD.
UEN:201934268H
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MAXEON SOLAR TECHNOLOGIES, LTD. has a TrustScore of 51. Our system is actively collecting and analyzing information about this business. Additional data points are being verified and processed.
Our preliminary analysis has revealed key insights about MAXEON SOLAR TECHNOLOGIES, LTD.'s performance and market presence. Here‘s a summary of our findings:
Has been operational for several years
Official business profile found on major search engines
MAXEON SOLAR TECHNOLOGIES,
Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy, the company announced Thursday. The factory would employ about 1,800 people to provide photovoltaic solar panels for use in residential, commercial and utility-scale solar arrays. Maxeon said the plant would be larger than any comparable existing facility in the United States, equipped to produce panels each year that can generate three gigawatts of electricity. A company representative said that's enough to equip about 460,000 typical U.S. homes with solar power.
Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy, the company announced Thursday. The factory would employ about 1,800 people to provide photovoltaic solar panels for use in residential, commercial and utility-scale solar arrays. Maxeon said the plant would be larger than any comparable existing facility in the U.S., equipped to produce panels each year that can generate three gigawatts of electricity. A company representative said that's enough to equip about 460,000 typical U.S. homes with solar power.
Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy, the company announced Thursday. The factory would employ about 1,800 people to provide photovoltaic solar panels for use in residential, commercial and utility-scale solar arrays.
10 August 2023
Maxeon Solar Technologies, a manufacturer of Maxeon and SunPower brand solar modules, priced a public offering of shares to raise $157.4 million in equity proceeds for which the company said it would use for Maxeon 7 module production and general corporate purposes. Maxeon is selling 7.48 million common shares of stock, including 1.87 million shares of historic investor TotalEnergies, at a price of $28 per share. At closing, the company anticipates receiving over $157 million in gross proceeds. The offering was upsized by 10% from an initial announcement that Maxeon made of selling 6.8 common shares, according to a company statement. The add-on public offering is expected to close today, May 19.
19 May 2023
SunPower Corp, one of America's largest solar-panel makers, is giving up its manufacturing business to focus on installing rooftop systems. The company is spinning off its panel production operations into a new company, Maxeon Solar, that will be based in Singapore with factories in France, Malaysia, Mexico and the Philippines, according to a statement on Monday. As part of the deal, a Chinese supplier of silicon wafers will make a US$298 million equity investment, valuing Maxeon at US$1.03 billion. SunPower described the move as a natural evolution of the maturing solar business. Panel makers once had to help create their own market by installing the equipment they manufactured. Now the market is big enough for companies to specialise in one or the other. First Solar Inc, the largest US panel maker, walked away in September from the business of building solar farms to focus on manufacturing. SunPower is moving in the opposite direction.
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