Canadian Solar Comments On Complaint Filed By Maxeon Solar; Says Claims In The Complaint Are Entirely Without Merit
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar Inc. (CSIQ) is facing a lawsuit from Maxeon Solar over alleged patent infringement related to TOPCon solar technology. Canadian Solar denies the claims and intends to defend itself vigorously.
March 28, 2024 | 11:07 am
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Canadian Solar Inc. is involved in a legal dispute with Maxeon Solar over alleged patent infringements related to TOPCon technology, which they intend to contest.
Legal disputes, especially those involving patent infringements, can lead to negative investor sentiment due to potential financial liabilities and distractions from core business activities. Although Canadian Solar denies the claims and plans to defend itself, the uncertainty surrounding the outcome could negatively impact its stock price in the short term.
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