Maxeon Solar Clears Debt Covenants for Planned Sale of Malaysian Manufacturing Unit

Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialMaxeon Solar Technologies ( (MAXN) ) just unveiled an announcement. On January 23, 2026, Maxeon Solar Technologies amended the indentures governing its 9.00% Convertible First Lien Senior Secured Notes due 2029, its Variable-Rate Convertible First Lien Senior Secured Notes due 2029, and its Adjustable-Rate Convertible Second Lien Senior Secured Notes due 2028 to facilitate the planned sale of its SunPower Malaysia Manufacturing Sdn Bhd subsidiary to an independent third party. The supplemental indentures permit the proposed disposition of 100% of the shares of SunPower Malaysia and provide that, once the transaction is consummated, the security interests over those shares will be automatically released under the company’s super senior, senior and junior note structures. Maxeon indicated it expects to sign a definitive agreement for the Malaysian divestment around the report date and plans to disclose further details in separate filings, signaling an ongoing reshaping of its manufacturing asset base and capital structure with potential implications for creditors and the operational footprint of its Asian production platform. The most recent analyst rating on (MAXN) stock is a Sell with a $3.00 price target. To see the full list of analyst forecasts on Maxeon Solar Technologies stock, see the MAXN Stock Forecast page. Spark’s Take on MAXN Stock According to Spark, TipRanks’ AI Analyst, MAXN is a Underperform. Maxeon Solar Technologies receives a low overall stock score due to its significant financial challenges, including declining revenues, negative profitability, and weak balance sheet. Technical analysis further indicates bearish momentum, and the valuation is unattractive with a negative P/E ratio. These factors collectively suggest a high-risk investment with limited upside potential. To see Spark’s full report on MAXN stock, click here. More about Maxeon Solar Technologies Maxeon Solar Technologies, headquartered in Singapore, operates in the solar energy industry, designing and manufacturing high-efficiency solar panels and related technologies for global residential, commercial, and utility-scale markets. The company focuses on premium photovoltaic products and leverages a network of manufacturing assets, including facilities in Asia, to serve international customers and partners. Average Trading Volume: 62,165 Technical Sentiment Signal: Sell Current Market Cap: $46.3M