Maxeon Solar Technologies And Complete Solaria Sign Definitive Agreement For Purchase Of Sales Channel Assets And Shingled Solar Panel IP By Maxeon; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Maxeon Solar Technologies (NASDAQ:MAXN) and Complete Solaria (NASDAQ:CSLR) have announced an Asset Purchase Agreement for the sale of certain assets to Maxeon. The assets include Solaria's dealer channel operations and contracts, as well as Complete Solaria's solar panel patent portfolio. The agreement also includes a supply agreement for Maxeon to supply its solar panels to Complete Solaria. The transaction is expected to expand Maxeon's U.S. DG market footprint and consolidate two major shingled-cell IP portfolios.
September 20, 2023 | 8:18 pm
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POSITIVE IMPACT
Maxeon Solar Technologies is set to acquire certain assets from Complete Solaria, which is expected to expand its U.S. DG market footprint and consolidate two major shingled-cell IP portfolios.
The acquisition of these assets will likely strengthen Maxeon's position in the solar market, potentially leading to increased sales and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Complete Solaria is selling certain assets to Maxeon Solar Technologies, including its dealer channel operations and solar panel patent portfolio.
The sale of these assets could provide Complete Solaria with capital to optimize its end-to-end customer offering. However, the impact on its stock price will depend on how effectively it uses this capital.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100