NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased securities of Maxeon Solar Technologies, Ltd. ("Maxeon" or the "Company") (NASDAQ:MAXN) between November 15, 2023 and May 29, 2024, inclusive (the "Class Period").
The Complaint alleges that on May 30, 2024, Maxeon announced financial results for first quarter 2024 in a press release, reporting a 41% year-over-year decline in revenue to $187.5 million. The Company disclosed that ...
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