Tariff pressure forces supply chain restructuring and focus on the U.S. market; Maxeon Solar rises over 10% in pre-market trading

According to the Zhitong Finance APP, as the three major U.S. stock index futures continued last week's decline and Asian stock markets faced a "Black Monday" with a collective plunge, Maxeon Solar Technologies (MAXN.US) saw its stock price rise 4.6% in pre-market trading on Monday, with a peak increase of 10% at one point. This came after the company announced plans to establish alternative product manufacturing and related supply chains due to the latest tariff policies from U.S. President Trump. So far this year, Maxeon's stock price has fallen over 60%, and since 2022, it has plummeted over 99%, with a current market value of around $47 million. The stock has hovered near the delisting edge in the U.S. market due to a closing price below $0.10 for ten consecutive trading days in 2024. Last Friday, Maxeon's stock price hit a historical intraday low of $2.49. Recent market dynamics indicate that Maxeon has successfully completed previously announced transactions by strategically restructuring its business portfolio, enhancing supply chain flexibility, and focusing its business geographical market on the U.S. by selling some non-U.S. assets valued at $94 million. The company, which is embroiled in a dispute with U.S. Customs and Border Protection (CBP), stated that it is considering appealing CBP's decision to the U.S. International Trade Court, while planning to "provide modified supply chain traceability documents" when importing similar or different solar-related products in the future. "Although the company still faces some short-term resistance, we are making progress in enhancing supply chain flexibility and business resilience, streamlining operations, improving operational efficiency, and reducing costs," said CEO George Guo in a statement. Public information shows that Maxeon Solar Technologies is a global leader in solar innovation headquartered in Singapore. The company was established in 2020 as a spin-off from the U.S. solar giant SunPower, focusing on the design, manufacturing, and sales of high-performance solar cells and modules. Maxeon's solar-related products are known for their high efficiency and reliability, widely used in residential, commercial, and large-scale power plant projects. The company's main products include the Maxeon series of Interdigitated Back Contact (IBC) solar cells and modules, as well as the Performance series of shingled solar cells and modules, which are renowned for their high efficiency and reliability