Maxeon Defeats Investor Lawsuit Alleging Veiled Cash Flow Crisis

A Maxeon Solar Technologies Ltd. investor again failed to adequately plead the solar-panel maker made false or misleading statements to conceal deteriorating liquidity before a 40% stock drop in 2024.

Maxeon didn’t paint a “rosy picture” to investors over its cash flow situation, rather made a “much more modest claim that they anticipated the company would continue as a going concern for another 12 months,” Judge Edward M. Chen said, ordering the case closed Wednesday. The investor leading the case didn’t sufficiently bolster his claims the solar-panel company hid a cash flow problem so significant it threatened its ability to ...