Maxeon Solar Technologies (NASDAQ: MAXN) stock surged in early morning trade Monday after the company secured a new patent from the United States Patent and Trademark Office (USPTO).
The United States Patent and Trademark Office (USPTO) has awarded Maxeon Solar Technologies U.S. Patent #12027636 for their invention titled “Protection Coating for Solar Cell Wafers.” This new patent highlights Maxeon’s dedication to innovation and technological advancement in the solar energy sector.
The patented protection coating for solar cell wafers holds promise to enhance the efficiency, durability, or cost-effectiveness of Maxeon’s solar cells, providing the company with a competitive edge in the market.
Patents are valuable assets that strengthen a company’s intellectual property portfolio. The new patent will safeguard Maxeon against competitors and open doors to licensing opportunities or strategic partnerships. This, in turn, could bolster revenue prospects and solidify Maxeon’s position as a leader in solar technology.
In recent developments, Maxeon Solar Technologies showcased its latest energy solutions and solar panel technologies under the SunPower brand at Intersolar Europe 2024.
At the event, Maxeon exhibited its residential home energy system, designed to empower consumers to manage and optimize their home energy consumption with self-generated clean energy. The products and services featured include Maxeon 7 solar panels pioneering the future of PV technology, Performance 7 solar panels, SunPower Reserve battery storage, and SunPower Drive EV charging.
Maxeon Solar Technologies (NASDAQ: MAXN) Stock Movement
As of 10:04 a.m. (Eastern Time) Monday, MAXN stock traded at $0.30, marking a 25% increase compared to the previous trading session.
