Maxeon Solar (MAXN) Revenue Drop Case

• $MAXN stockholder filed a claim vs. Maxeon Solar for hiding heavy reliance on SunPower and a severe cash flow crisis.

• After disappointing financial results on May 30, 2024, $MAXN fell nearly 35%.

• Maxeon investors can join this case to be notified about potential recovery.

Case Details:

In mid-2023, Maxeon and SunPower disputed over $29M in unpaid invoices and allegations of breach of contract.

As a result, Maxeon stopped shipping to SunPower in July 2023. They settled their dispute by November 2023 but terminated the Master Supply Agreement.

On May 30, 2024, Maxeon reported a 41% revenue drop from the previous year due to ending an agreement with SunPower, revealing serious cash flow problems.

This news caused $MAXN to fall nearly 35%.

Based on these events, a $MAXN stockholder has filed a claim against Maxeon and its leaders, accusing them of the following:

• Maxeon hid heavy reliance on exclusive sales to SunPower.

• After terminating the agreement, Maxeon struggled to ramp up sales, causing a significant revenue decline and a serious cash flow crisis.

Based on these events, investors believe Maxeon hid problems with its financial stability and dependency on SunPower.