SunPower Completes Spinoff of Manufacturing Assets to Newly Formed Company Maxeon

By [email protected] Distributed solar and storage company SunPower and panel manufacturer Maxeon Solar Technologies finalized their split on Thursday.

The transaction, first announced in November, will allow SunPower to focus on its core business of residential and commercial solar and storage sales while Maxeon will continue manufacturing the premium solar panels SunPower has come to be known for. That setup will allow each to “execute on its strengths,” said SunPower CEO Tom Werner in a post on the company’s website.

SunPower survived the ups and downs of the solar industry since its founding in 1985. But in recent years, it has worked to streamline

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