Recent Security Class Actions

Maxeon Solar Technologies Ltd. Ordinary Shares (NASDAQ: MAXN)

41 Days left to seek lead plaintiff status.

Company Name:Maxeon Solar Technologies Ltd. Ordinary Shares
Stock Symbol:NASDAQ: MAXN
Class Period Start:11/15/2023
Class Period End (inclusive):05/29/2024
Filing Deadline:08/26/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that Maxeon relied on the exclusive sales of certain products to SunPower; (2) that, following the termination of the Master Supply Agreement, the Company was unable to “aggressively ramp sales”; (3) that, as a result, revenue substantially declined; (4) that, as a result, the Company suffered a “serious cash flow” crisis; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Maxeon Solar Technologies Ltd. Ordinary Shares (NASDAQ: MAXN) Claim Form

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