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Maxeon Defeats Investor Lawsuit Alleging Veiled Cash Flow Crisis
Solar panel maker Maxeon Solar Technologies has successfully defended itself against an investor lawsuit for the second time. The suit alleged the company concealed a deteriorating cash flow situation and made false or misleading statements before a significant stock drop in 2024. A judge ruled that Maxeon’s statements were more modest, claiming only that the company anticipated operating as a going concern for another 12 months, and the investor failed to sufficiently prove that the company hid a critical cash flow problem.