Maxeon Solar Technologies provided a strategic business update on April 4, 2025, confirming the successful conclusion of previously announced transactions to restructure its business portfolio. These transactions involved the sale of certain non-U.S. assets, which contributed approximately $94 million to Maxeon's balance sheet, solidifying its exclusive focus on the U.S. market.
Despite these strategic moves, U.S. Customs & Border Protection (CBP) informed Maxeon in late March that it denied the company's protests on detained shipments of Maxeon 3, Maxeon 6, and Performance 6 solar panels. These detentions began in July 2024, and CBP cited insufficient documentation, not evidence of non-compliance, for its decision, which Maxeon maintains is without merit and is considering contesting at the U.S. Court of International Trade.
In operational news, Maxeon is continuing the development of its Albuquerque-based manufacturing facility, executing an amendment to its leased facility on March 28, 2025, with revised construction timelines. The company has also completed early design and layout activities for the initial phase of manufacturing, aiming to incorporate next-generation technology from its Silicon Valley R&D team.
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