Maxeon Solar Technologies (MAXN) has released an update.
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Maxeon Solar Technologies has received clearance from the Committee on Foreign Investment in the United States for a strategic investment by TCL Zhonghuan Renewable Energy Technology. The company has entered a National Security Agreement with U.S. government agencies and is now reassessing its plans for a greenfield site in Albuquerque, New Mexico. Maxeon plans to start solar panel production at a brownfield site in Albuquerque by 2026, as part of its strategic restructuring.
For further insights into MAXN stock, check out TipRanks’ Stock Analysis page.
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