Maxeon Solar Technologies designs and sells premium solar panels, focusing exclusively on the U.S. market following a major restructuring. Maxeon was spun off from SunPower in 2020 and is now majority-owned by TZE, a Chinese silicon wafer manufacturer affiliated with TCL Technology Group, following a series of financing transactions that resolved a severe liquidity crisis. Maxeon's core product is its Maxeon line of IBC (Interdigitated Back Contact) panels, which place all electrical contacts on the back of the cell to maximize efficiency, reduce degradation, and improve aesthetics. Maxeon argues these panels deliver roughly 20% more energy output over 25 years compared to conventional panels, and backs them with a 40-year warranty. The Maxeon line accounts for roughly 73% of revenue. The remaining ~27% comes from the Performance line — shingled mono-PERC panels sold into commercial, utility-scale, and residential markets. Maxeon sells through a dealer/installer channel in residential and commercial (DG) markets, and directly to project developers in utility-scale. DG products carry higher prices and margins; utility-scale volume is larger but priced lower. Revenue is driven by shipment volume multiplied by ASP per watt, with profitability highly sensitive to factory utilization. Maxeon is pivoting to domestic manufacturing, with a facility in Albuquerque, New Mexico targeting up to 2 GW of capacity and production starting in 2026 using next-generation Maxeon 8 IBC technology. U.S. production would qualify Maxeon for Inflation Reduction Act domestic content incentives and reduce exposure to tariffs and UFLPA import detentions that have disrupted legacy overseas supply chains.