Results for: Maxeon Solar Technologies

Maxeon Solar Technologies (MAXN) stock jumped over 15% on Monday after the company announced the appointment of Dimitri Hu as its new CFO. Hu brings extensive leadership experience from his time at TCL Industries, where he spearheaded strategic initiatives. This news follows the company’s previous announcement of Ken Olson transitioning from interim CFO to Deputy CFO. The stock’s recent surge suggests investor optimism about the impact of Hu’s expertise on Maxeon’s financial performance.

Maxeon Solar Technologies (MAXN) shares are plummeting on Monday following the company’s announcement of a 1-for-100 reverse stock split. This move comes after Nasdaq issued a delisting warning due to the company’s stock price falling below $1 for 10 consecutive trading days. Maxeon hopes the reverse split will boost its stock price and avoid delisting.