Company Directory

Company Directory

Company Directory - Maxeon Solar Technologies, Ltd.

Company Details - Maxeon Solar Technologies, Ltd.

Maxeon Solar Technologies, Ltd. Logo

Maxeon Solar Technologies, Ltd.

Website

NASDAQ: MAXN 

Maxeon Solar Technologies is a solar technology company known for its high‐efficiency solar panels and for manufacturing the panels used by SunPower. The company delivers innovative solar solutions for residential, commercial, and utility-scale energy generation.

CCI Score

CCI Score: Maxeon Solar Technologies, Ltd.

-16.10

0.02%

Latest Event

Lobbying Disclosure: MAXEON Solar Technologies' $60,000 Lobbying Activity

Maxeon Solar Technologies was reported to have spent $60,000 on lobbying in Q4 2024 on issues related to solar trade, energy policy, and tax credits under the Inflation Reduction Act. This activity raises concerns over corporate influence on political processes, potentially supporting policies that favor corporate interests over democratic accountability.

Take Action

So what can you do? It's time to make tough choices. Where will you cast your vote?

Use Your Voice
OTHER TOOLS
Investigate
Share the Score
SUPPORT CCI

ENABLER

Maxeon Solar Technologies, Ltd. is currently rated as an Enabler.

-10 to -19 CCI Score
Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

  • Lobbying Disclosure: MAXEON Solar Technologies' $60,000 Lobbying Activity Logo
    DEC
    31
    2024

    Maxeon Solar Technologies was reported to have spent $60,000 on lobbying in Q4 2024 on issues related to solar trade, energy policy, and tax credits under the Inflation Reduction Act. This activity raises concerns over corporate influence on political processes, potentially supporting policies that favor corporate interests over democratic accountability.

  • -20

    Political Contributions and Lobbying Efforts

    March 27

    The disclosure of a $60,000 lobbying expenditure by Maxeon Solar Technologies, focused on issues related to solar trade and tax credits, suggests an attempt to influence policy in favor of corporate benefits. This engagement in political lobbying, while moderate in spending, aligns with practices that can undermine transparent democratic processes and favor authoritarian-friendly policies.

    Lobbying Update: $60,000 of MAXEON SOLAR TECHNOLOGIES LTD lobbying was just disclosed

  • Maxeon Demonstrates Supply Chain Transparency Amid CBP Detentions Logo
    NOV
    21
    2024

    In response to U.S. Customs detaining its solar module shipments under the UFLPA, Maxeon Solar Technologies has reaffirmed its commitment to transparent, ethical sourcing. The company provided comprehensive documentation proving that its supply chain is traceable and free from forced labor, sourcing materials from Western countries rather than regions associated with labor abuses.

  • +70

    Supply Chain Ethics

    March 27

    Maxeon Solar Technologies has taken proactive and transparent measures to ensure its supply chains are free from forced labor, as evidenced by its comprehensive documentation and third-party audits. Despite challenges arising from its association with TCL Zhonghuan, the company’s detailed supply chain mapping and adherence to UFLPA requirements demonstrate ethical business practices. This positive action in verifying supply chain integrity is critical in mitigating risks associated with forced labor, a key concern in the fight against authoritarian economic practices.

    Maxeon responds to a theory explaining its ongoing problems with customs

  • Maxeon Solar Panels Detained Amid Forced Labor Supply Chain Concerns Logo
    NOV
    15
    2024

    On November 15, 2024, U.S. Customs detained solar panels from Maxeon Solar Technologies due to alleged non-compliance with the Uyghur Forced Labor Prevention Act. The incident has raised concerns about the company's supply chain ethics and its due diligence in preventing forced labor, despite Maxeon’s assertions of comprehensive documentation and commitment to avoiding links to regions with forced labor issues.

  • -40

    Supply Chain Ethics

    March 27

    The detention of Maxeon’s solar panels on the grounds of non-compliance with the UFLPA indicates lapses in verifying and documenting supply chain integrity regarding forced labor. Although the company disputes the claims and highlights its efforts to ensure transparency and avoid problematic regions, the incident exposes potential shortcomings in its supply chain ethics. Such issues contribute to broader concerns about corporate complicity in enabling exploitative labor practices, which align with authoritarian and oppressive systems.

    Maxeon Solar panels detained due to non-compliance

  • Maxeon Solar Reviews Detainment of Panels Linked to Forced Labor Concerns Logo
    NOV
    14
    2024

    Maxeon Solar Technologies filed a request for reexamination with U.S. Customs over the detention of its imported solar panels citing the Uyghur Forced Labor Prevention Act. The incident has raised questions about the company’s supply chain ethics and labor practices amid allegations related to forced labor.

  • +20

    Labor Relations and Human Rights Practices

    November 14

    This event centers on allegations connected to forced labor practices as the company’s imported solar panels were detained under scrutiny related to the Uyghur Forced Labor Prevention Act. Although the incoming CEO asserts that no segment of their supply chains is implicated, the need to reexamine the detention highlights areas for potential improvement in labor rights and human rights oversight.

    Maxeon Solar Wants To Review The Detention Of Solar

  • +20

    Supply Chain Ethics

    November 14

    The detention of the company’s solar panels due to potential associations with the Uyghur Forced Labor Prevention Act exposes vulnerabilities in supply chain oversight. While the company defends its practices by stating that its supply chains do not include entities on the UFLPA list, this event underlines the need for rigorous supply chain ethics to ensure compliance with forced labor standards.

    Maxeon Solar Wants To Review The Detention Of Solar

  • Maxeon Solar Modules Detained by US Customs Over UFLPA Concerns Logo
    JUL
    01
    2024

    Maxeon Solar modules were detained by US Customs in early July 2024 due to alleged non-compliance with the Uyghur Forced Labor Prevention Act, with insufficient documentation provided to verify adherence to labor standards.

  • -80

    Labor Relations and Human Rights Practices

    March 27

    US Customs and Border Protection detained Maxeon Solar products after alleging that the company failed to provide sufficient documentation to confirm compliance with the UFLPA. This raises serious concerns about the company's labor practices and their commitment to preventing forced labor in their operations.

    Maxeon Solar Modules Detained by US Customs Authority

  • -75

    Supply Chain Ethics

    March 27

    The detention incident highlights potential issues within Maxeon's supply chain ethics. The allegations under the UFLPA raise red flags about the possibility of forced labor practices within their manufacturing process, which undermines ethical sourcing and corporate responsibility.

    Maxeon Solar Modules Detained by US Customs Authority

  • Maxeon Solar Technologies Lobbying Expenditure in 2024 Logo
    JAN
    01
    2024

    Maxeon Solar Technologies reportedly spent $220,000 on lobbying activities in 2024 according to OpenSecrets. This significant expenditure raises concerns about the company’s influence on public policy and potential contributions to the undermining of democratic processes.

  • -40

    Political Contributions and Lobbying Efforts

    March 27

    The report indicating that Maxeon Solar Technologies spent $220,000 on lobbying in 2024 suggests an active effort to influence policy-making. From an anti-fascist perspective, such actions raise red flags regarding the use of corporate resources to shape public policy in ways that could exacerbate power imbalances and potentially support authoritarian measures. This level of expenditure is concerning as it can contribute to the erosion of democratic accountability.

    Maxeon Solar Technologies Lobbying Reports • OpenSecrets

  • Maxeon Solar Technologies Lobbying Activity 2023 Logo
    DEC
    31
    2023

    Maxeon Solar Technologies spent $200,000 on lobbying in 2023, raising concerns over its efforts to influence policy and potentially undermine democratic processes.

  • -40

    Political Contributions and Lobbying Efforts

    March 27

    The company's lobbying expenditure of $200,000 in 2023 indicates a deliberate effort to influence political decision-making, which can contribute to regulatory capture and support policies that entrench corporate power over democratic processes. Such actions are viewed negatively from an anti-fascist and progressive perspective, as they may facilitate the rise of authoritarian practices.

    Maxeon Solar Technologies Lobbying Profile • OpenSecrets

Industries

221118
Other Electric Power Generation
237130
Power and Communication Line and Related Structures Construction
334413
Semiconductor and Related Device Manufacturing
335999
All Other Miscellaneous Electrical Equipment and Component Manufacturing
541715
Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)