Solar technology firm Canadian Solar said on Thursday it won a U.S. patent dispute with Maxeon Solar Technologies after the Patent Trial and Appeal Board ruled in its favor.
Shares of Canadian Solar rose 1.4 per cent in premarket trade.
The board invalidated all claims asserted by Maxeon against Canadian Solar relating to alleged infringement of patents at issue in the federal court litigation.
The company in 2024 denied allegations of patent infringement by Singapore-based Maxeon Solar related to Canadian Solar’s TOPCon solar cell technology.
Maxeon Solar did not immediately reply to a request for comment.
(Reporting by Katha Kalia in Bengaluru; Editing by Devika Syamnath)
