Maxeon faces securities law investigation

Johnson Fistel, LLP is conducting an investigation into Maxeon Solar Technologies for potential securities law violations following the company’s announcement of its Q1 2024 financial results on May 30, 2024. This announcement led to a significant decline in Maxeon’s stock price, which fell over 50% in premarket trading. The investigation aims to determine if Maxeon or its executives failed to disclose vital information to investors, resulting in financial losses. Shareholders who purchased Maxeon securities and experienced losses are encouraged to join the investigation. Additionally, those with nonpublic information about the company are invited to participate, potentially benefiting from the SEC Whistleblower program.