Maxeon Solar shares surge 26.69% intraday after SunPower Technology Ltd agreed to sell SunPower Malaysia subsidiary for up to $51M to optimize capital structure and revise debt covenants to facilitate asset sales.

Maxeon Solar surged 26.69% intraday, driven by two key announcements: (1) its subsidiary SunPower Technology Ltd signed an agreement to sell 100% of SunPower Malaysia Manufacturing Sdn. Bhd. to MFS Technology for up to $51 million, aiming to optimize capital structure and revitalize underperforming assets; and (2) the company revised multiple debt agreements on January 23, 2026, to remove covenant barriers, enabling asset sales and automatically releasing related collateral.