Maxeon Solar Technologies (MAXN) has released an update.
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Maxeon Solar Technologies has terminated a Solar Module Supply Agreement with Origis Procurement, LLC, due to a breach of contract for not purchasing the agreed quantities. Origis disputes the termination, claiming it is invalid, and has issued a counter-termination notice, citing a convenience clause that limits their liability to Maxeon. This ongoing dispute has potential implications for Maxeon’s operations and stock performance.
For further insights into MAXN stock, check out TipRanks’ Stock Analysis page.
