Maxeon Q3 shipments drop to 622MW, plans to lay off 15% global workforce

CBCIE Time：Oct 12, 2023 15:16 Source：pv-tech

Solar manufacturer Maxeon Solar Technologies’ shipments in the third quarter could drop by about 23% quarter-on-quarter to only 622MW due to reduced shipments to a US customer and a drop in demand in the global distributed generation (DG) market.

The company said in its Q3 preliminary results that its shipments in Q3 2023 would be in the range of 622-632MW, down from 807MW in Q2 2023, representing a decrease of up to 22.9%. Maxeon CEO Bill Mulligan said the company’s largest US distributed generation (DG) customer, without naming the identity of the company, had breached their payment obligations under a current master supply agreement. Therefore, Maxeon paused shipments in late July as a result.

Key Words:

solar shipment USA

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