NEW YORK, Aug. 17, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) between November 15, 2023 and May 29, 2024, both dates inclusive (the "Class Period"), of the important August 26, 2024 lead plaintiff deadline. SO WHAT: If you purchased Maxeon securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arr ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Maxeon To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 investing in Maxeon stock or options between November 15, 2023 and May 29, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqi ...

LOS ANGELES, Aug. 6, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Maxeon Solar Technologies, Ltd. ("Maxeon" or "the Company") (NASDAQ: MAXN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 15, 2023 and May 29, 2024, inclusive (the "Class ...

NEW YORK, Aug. 04, 2024 (GLOBE NEWSWIRE) -- ______________________ WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) between November 15, 2023 and May 29, 2024, both dates inclusive (the "Class Period"), of the important August 26, 2024 lead plaintiff deadline. SO WHAT: If you purchased Maxeon securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs throug ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Maxeon To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 investing in Maxeon stock or options between November 15, 2023 and May 29, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqi ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Maxeon Solar Technologies, Ltd. securities during the specified class period of the upcoming lead plaintiff deadline on August 26, 2024 [1]. Group 1: Class Action Details - Investors who purchased Maxeon securities between November 15, 2023, and May 29, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the firm or visiting their website [3][6]. - The lawsuit alleges that Maxeon made false or misleading statements regarding its business operations, particularly concerning its reliance on SunPower Corp. and the impact of the termination of their supply agreement [5]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in recovering significant settlements for investors [4]. - The firm has been recognized for its leadership in securities class action settlements, achieving the largest settlement against a Chinese company and ranking highly in the number of settlements since 2013 [4].

Financial Performance - Maxeon reported a 41% year-over-year decline in revenue for Q1 2024, totaling $187.5 million [1] - The company is facing a serious cash flow challenge due to the termination of the SunPower supply agreement [1] Shareholder Impact - The termination of the supply agreement has forced Maxeon to negotiate significant liquidity support, leading to substantial dilution for existing public shareholders [1] - TCL Zhonghuan Renewable Energy Technology Co. Ltd. is expected to become a controlling shareholder as a result of these negotiations [1] Legal Proceedings - A class action lawsuit has been filed against Maxeon, alleging that the company made materially false and misleading statements regarding its business and operations during the Class Period [1] - The Class Period is defined as November 15, 2023, to May 29, 2024, and investors can request to be appointed as lead plaintiff by August 26, 2024 [2][3] Market Reaction - Following the announcement of the financial results, Maxeon's share price fell by 34.7%, or $1.08, closing at $2.03 per share on May 30, 2024, with unusually heavy trading volume [4]

Core Viewpoint - Maxeon Solar Technologies, Ltd. is facing significant legal challenges and financial difficulties, including a substantial decline in revenue and a cash flow crisis, following the termination of a key supply agreement with SunPower [5][6][7]. Financial Performance - For Q1 2024, Maxeon reported a 41% year-over-year decline in revenue, amounting to $187.5 million [7]. - The company's share price fell by 34.7%, or $1.08, closing at $2.03 per share on May 30, 2024, amid unusually heavy trading volume [3]. Legal Issues - A federal securities class action has been filed against Maxeon, with a deadline of August 26, 2024, for investors to seek the role of lead plaintiff [5]. - The complaint alleges that Maxeon made materially false and misleading statements regarding its business operations and failed to disclose critical information about its reliance on sales to SunPower and the impact of the terminated supply agreement [6]. Company Challenges - The termination of the Master Supply Agreement with SunPower has led to a significant decline in sales and a serious cash flow crisis for Maxeon [6][7]. - The company is negotiating for liquidity support, which is expected to result in substantial dilution for existing shareholders, with TCL Zhonghuan Renewable Energy Technology Co. Ltd. potentially becoming a controlling shareholder [7].

Company Overview - Maxeon Solar Technologies is a global leader in solar innovation, leveraging over 35 years of experience and over 1,900 patents to design sustainable solar panels and energy solutions for various customers [2] - The company has a network of more than 1,700 trusted partners and distributors, serving over one million customers worldwide [2] Partnership Development - Solaris Renewables, a Massachusetts-based provider of premium solar and storage technologies, has been welcomed as a Maxeon Preferred Partner, offering Maxeon IBC solar panels for residential and commercial installations [4] - Solaris Renewables has over 12 years of experience with Maxeon solar panels and has built or serviced thousands of installations in the New England region [8] Customer Satisfaction and Performance - Solaris Renewables reports that Maxeon panels have the best performance, superior reliability, and aesthetics, contributing to exceptional customer satisfaction and significant word-of-mouth referrals [5] - Customers consistently report that Maxeon solutions outperform their expected payback time and projected savings, enhancing the company's business growth [5] Strategic Goals - Maxeon's partner program aims to create a trusted network of installers and dealers committed to quality and integrity, empowering them with unique product offerings to maximize profitability and customer satisfaction [5]

NEW YORK, July 21, 2024 (GLOBE NEWSWIRE) -- WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents inves ...